Australian minister flags potential use of Asia-Pacific forest carbon credits
If Australia decides to open for using international carbon credits to meet its Paris target, forest offsets from the Asia-Pacific region might be among its target markets, according to Energy and Environment Minister Josh Frydenberg.
Read MoreWorld Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum
The Carbon Pricing Leadership Coalition (CPLC) on Thursday named a new co-chair, while the group’s managing body the World Bank announced a high-level forum on carbon pricing and competitiveness amid the release of a report on decarbonising the global power and chemicals sectors.
Read MoreWRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreGlobal carbon pricing revenues up 45% in 2017 as spending choices differ -report
Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday.
Read MoreBlockchain-based venture commits first funds to Ecosphere REDD credits
Blockchain-based carbon credit platform Poseidon has committed to spend its first tranche of cash buying Peruvian REDD credits from UK-based Ecosphere+, as part of an initiative offering a voluntary carbon credit platform for retailers.
Read MoreIMO adopts deal to cut shipping emissions at least 50% by 2050
Governments at the International Maritime Organisation (IMO) on Friday adopted an initial strategy to address international shipping emissions, including setting a 2050 target to cut emissions by at least 50% under 2008 levels.
Read MoreIMO strikes provisional shipping emissions deal, awaits full sign-off
Governments at the International Maritime Organisation (IMO) agreed to a provisional deal on Thursday for an initial strategy to address international shipping emissions, including a 50% long-term emission cut target, with the resolution due to be signed-off officially on Friday.
Read MoreEU lawmakers seek more on IMO emissions deal
EU lawmakers urged countries to agree to a more ambitious deal to curb global shipping emissions, warning on Tuesday that the bloc will otherwise go further on its own.
Read MoreUN’s IMO meets to craft initial climate effort for international shipping
The International Maritime Organisation (IMO) is grappling this week to secure an initial strategy to address shipping emissions, with countries edging towards agreeing a carbon-intensity goal initially and only later committing to absolute emission cuts and potentially using carbon markets.
Read MoreCement firms must up game on climate action, urges investor watchdog
Cement companies must double their rate of emission reductions to align with the 2C goal of the Paris Agreement, according to a report on Monday from non-profit CDP, which found EU ETS-regulated firms in particular lagging some rivals with operations in uncapped emerging economies.
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