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Carbon pricing, international credits can help curb methane emissions from oil and gas, IEA says

Published 17:08 on January 18, 2021  /  Last updated at 18:58 on January 18, 2021  /  Americas, Canada, Carbon Taxes, EMEA, EU ETS, International, Mexico, RINs & LCFS, US  /  No Comments

A robust global carbon price can help cut the oil and gas sector’s methane emissions together with other market-based mechanisms such as international credits, the IEA said on Monday.

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Gulf-based carbon standard targets issuance of 10 mln offsets in 2021

Published 22:52 on January 14, 2021  /  Last updated at 00:21 on January 15, 2021  /  Africa, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Voluntary Market  /  No Comments

The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.

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Global energy-related emissions to peak in 2023, but pathway “too slow” to hit Paris-aligned 1.5C -report

Published 18:21 on January 14, 2021  /  Last updated at 18:21 on January 14, 2021  /  Africa, Americas, Asia Pacific, EMEA, International  /  No Comments

Emissions from global energy systems will peak in 2023, but the speed of decarbonisation remains off pace to put GHG output on a path in line with a temperature rise of 1.5C above pre-industrial levels, according to a report released Thursday.

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COMMENT: WWF ‘Blueprint for Corporate Action on Climate & Nature’ – Key takeaways for the voluntary carbon market

Published 14:55 on January 13, 2021  /  Last updated at 14:55 on January 13, 2021  /  Africa, Americas, Conversations, EMEA, International, Other APAC, South & Central, Views, Voluntary Market  /  No Comments

In Dec. 2020, WWF published a ‘Blueprint for Corporate Action on Climate and Nature’, setting out a vision for how companies should follow the mitigation hierarchy to address the climate emergency, informed by science and the Paris policy environment. Here are Gold Standard’s key takeaways for the voluntary carbon market.

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US emissions drop 10% in 2020, though rebound expected -report

Published 17:02 on January 12, 2021  /  Last updated at 00:45 on January 13, 2021  /  Americas, International, US  /  No Comments

US GHG output is expected to have plummeted by double digits last year due to lower fuel consumption brought on by the coronavirus pandemic and a continued decline in coal-fired power, but analysts forecast that these cuts will not be sustained without a structural change in the economy.

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Nature summit musters more than $14 bln for land restoration

Published 22:04 on January 11, 2021  /  Last updated at 10:16 on January 12, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, REDD, Voluntary Market  /  No Comments

Governments and development banks have pledged more than $14 billion over the next four years to restore 100 million hectares of land in northern Africa, an effort that would store an estimated 250 million tonnes of CO2.

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IEA promises net zero global energy roadmap, warns of post-pandemic GHG rebound

Published 19:26 on January 11, 2021  /  Last updated at 01:09 on January 12, 2021  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

The IEA plans to publish a roadmap for how the global energy sector can reach net zero emissions by 2050, it announced Monday, while flagging that GHGs were set to rebound from pandemic-induced drops seen this year.

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France grounds aviation tax hike in favour of offsetting domestic flights -leaked draft

Published 16:17 on January 11, 2021  /  Last updated at 18:23 on January 11, 2021  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

France will not advance an aviation tax increase suggested by a citizen-led panel, according to a leaked draft of its climate law that instead proposes compulsory offsetting of emissions from domestic flights. 

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UK government reshuffles climate ministers with an eye on COP26 summit

Published 18:36 on January 8, 2021  /  Last updated at 08:33 on January 11, 2021  /  Climate Talks, EMEA, EU ETS, International, UK ETS  /  No Comments

The UK government shuffled its climate ministers on Friday, with Business Secretary Alok Sharma stepping down from that post to focus full time on his role as president of the upcoming UN climate summit.

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ANALYSIS: Dems’ Senate win improves US climate prospects, but comprehensive measures still seen out of reach

Published 23:34 on January 7, 2021  /  Last updated at 09:07 on January 8, 2021  /  Americas, Canada, Carbon Taxes, CBAM, EMEA, International, US  /  No Comments

The Democratic Senate victories secured this week will enable US President-elect Joe Biden (D) to more easily reverse Trump-era environmental rollbacks, confirm political appointees, and advance green spending and infrastructure provisions, but the razor-thin majority in both Congressional chambers will still create hurdles to pass more aggressive federal climate legislation, experts told Carbon Pulse.

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