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Hundreds of investors pressure G20 on climate targets, carbon pricing

Published 09:17 on June 26, 2019  /  Last updated at 09:17 on June 26, 2019  /  Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan  /  No Comments

Nearly 500 investors managing $34 trillion worth of capital are urging G20 nations to strengthen their Paris Agreement targets, and put in place policies to achieve those goals, including meaningful prices on carbon emissions and targets for phasing out fossil fuel subsidies.

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New UN Article 6 text emerges to raise hopes of emission trade deal this year

Published 17:53 on June 25, 2019  /  Last updated at 10:48 on June 26, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The UN produced a new draft text on rules covering international emissions trade on Tuesday, after governments broke a deadlock that some observers said raises the prospects for a deal later this year on the Paris Agreement’s divisive Article 6.

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Beijing targets carbon neutral Winter Olympics with offsets, allowances

Published 12:33 on June 24, 2019  /  Last updated at 12:33 on June 24, 2019  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Voluntary Market  /  No Comments

Organisers of the 2022 Winter Olympics in Beijing have released a plan to minimise the event’s greenhouse gas footprint, including a goal to buy or ensure donations of local carbon offsets and ETS allowances to make up for any emissions that can’t be avoided.

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Emissions exchange operator CBL Markets to merge with data firm Xpansiv

Published 12:26 on June 24, 2019  /  Last updated at 15:19 on June 24, 2019  /  Americas, Asia Pacific, Australia, Bavardage, International, US, Voluntary Market  /  No Comments

Spot emissions exchange operator CBL Markets will merge with commodity data firm Xpansiv, the companies announced on Monday.

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California lawmakers urge adoption of Tropical Forest Standard

Published 23:09 on June 20, 2019  /  Last updated at 23:14 on June 20, 2019  /  Americas, Aviation, Canada, International, Mexico, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

Four California assemblymembers asked state regulator ARB this week to adopt the Tropical Forest Standard (TFS) for international sector-based offset programmes despite ongoing disagreement and environmental justice opposition to the proposal.

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Netherlands formally launches bid for EU-wide aviation tax

Published 19:25 on June 20, 2019  /  Last updated at 19:25 on June 20, 2019  /  Aviation, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

The Netherlands formally launched a bid for an EU-wide carbon tax on aviation on Thursday, stressing that it would take unilateral measures if the effort failed.

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CORRECTION – Canadian Conservative climate plan to eliminate CO2 tax, may count exports for Paris target

Published 01:15 on June 20, 2019  /  Last updated at 18:53 on June 20, 2019  /  Americas, Canada, Carbon Taxes, International, New Market Mechanisms  /  No Comments

Poll-leading Canadian Conservative Party leader Andrew Scheer said Wednesday that he would eliminate the ruling Liberals’ ‘backstop’ carbon tax and alter its output-based pricing system (OBPS) if elected as prime minister this fall, while potentially exploring the use of low-carbon exports to claim emission reductions towards the country’s Paris Agreement GHG target.

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Wizz Air accepts Ryanair’s monthly CO2 data challenge, declares itself “greenest” airline

Published 17:18 on June 19, 2019  /  Last updated at 17:18 on June 19, 2019  /  Aviation, EMEA, EU ETS, International  /  No Comments

European low-cost airline Wizz Air has taken up rival Ryanair’s challenge to publish monthly CO2 emissions statistics, declaring itself to be the continent’s “greenest” carrier.

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EU emitters up Kyoto offset usage as high EUA prices bite, deadline nears

Published 12:44 on June 19, 2019  /  Last updated at 21:11 on June 19, 2019  /  EMEA, EU ETS, International, Kyoto Mechanisms  /  No Comments

Companies regulated by Europe’s carbon market have exchanged almost 16 million Kyoto Protocol offsets for EU Allowances in the past six months, significantly ramping up the practice as EUA prices hit an 11-year high and as the usage deadline approaches.

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UK set to host 2020 UN climate talks after Italy backs bid

Published 16:43 on June 18, 2019  /  Last updated at 19:32 on June 18, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD  /  No Comments

The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.

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