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Nordic firms unite to develop voluntary market for CO2 removals

Published 23:16 on April 17, 2019  /  Last updated at 00:16 on April 18, 2019  /  EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Twenty-three mostly Nordic firms led by Finnish utility Fortum are developing a platform to create and sell GHG removal units on the voluntary carbon market, in an effort to stimulate CO2 removal applications derived from soil and from concrete and wood used in buildings.

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Alberta oil sands leading Canada’s emissions further off track from Paris target -data

Published 21:42 on April 16, 2019  /  Last updated at 21:50 on April 16, 2019  /  Americas, Canada, Climate Talks, International  /  No Comments

Canada’s economy-wide emissions rose in 2017 on the back of higher output in Alberta’s oil and gas sector, leading the country further away from hitting its GHG target under the UN Paris Agreement, according to government data released Monday.

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Microsoft doubles internal CO2 price, joins conservative climate group

Published 21:37 on April 16, 2019  /  Last updated at 21:37 on April 16, 2019  /  Americas, Carbon Taxes, International, US  /  No Comments

US tech giant Microsoft announced Tuesday that it will nearly double its internal carbon price to further its GHG reduction goals, while also joining a Republican-backed organisation advocating for a nationwide CO2 tax.

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CORRECTION: Nations seek to shift gears on UN Article 6 carbon market talks

Published 20:01 on April 16, 2019  /  Last updated at 23:12 on April 17, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year.

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ANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity

Published 23:17 on April 10, 2019  /  Last updated at 12:44 on April 11, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.

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New Zealand appoints carbon market expert in climate ambassador role

Published 10:04 on April 10, 2019  /  Last updated at 10:04 on April 10, 2019  /  Asia Pacific, Bavardage, Climate Talks, International, New Zealand  /  No Comments

New Zealand has made a seasoned carbon market negotiator its new climate change ambassador.

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Shell to invest $300 mln in land projects to help meet its own GHG goal

Published 19:45 on April 8, 2019  /  Last updated at 22:52 on April 8, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.

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GCF begins quest to replenish funds

Published 12:51 on April 8, 2019  /  Last updated at 17:24 on April 8, 2019  /  Africa, Americas, Asia Pacific, EMEA, International  /  No Comments

The Green Climate Fund has held its first meeting in a process the UN-led entity hopes will lead to an October session where rich countries will refill its coffers.

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US court strikes down additional Obama-era HFC regulations

Published 21:05 on April 5, 2019  /  Last updated at 21:31 on April 5, 2019  /  Americas, Climate Talks, International, US  /  No Comments

A US appeals court on Friday threw out parts of a 2016 EPA regulation limiting the use of HFCs, coming nearly two years after the same court overturned another Obama-era regulation governing the high global warming potential gases.

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Switzerland invites ITMO emission activity proposals, bars land-use

Published 14:43 on April 4, 2019  /  Last updated at 15:09 on April 4, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency has opened its first call for proposals for GHG-cutting activities, with the aim of tying up its first emission trade agreements under the Paris Agreement.

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