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UN launches 2020 tender to buy 224k Gold Standard CERs

Published 16:22 on July 10, 2020  /  Last updated at 17:58 on July 10, 2020  /  International, Kyoto Mechanisms  /  No Comments

The UN has opened a tender to buy just over 224,000 Gold Standard CERs to offset the organisation’s annual emissions.

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Norway pays Indonesia for cutting 11.2 MtCO2e under forestry deal

Published 12:59 on July 10, 2020  /  Last updated at 12:59 on July 10, 2020  /  Asia Pacific, EMEA, International, Other APAC, REDD  /  No Comments

Norway has paid Indonesia for reducing greenhouse gas emissions by 11.2 MtCO2e, the first payment under a 10-year-old bilateral forestry deal after a smaller transfer flagged last year never materialised.

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Greens warn against voluntary offset transition without corresponding adjustments

Published 19:09 on July 9, 2020  /  Last updated at 19:09 on July 9, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The absence of corresponding adjustments on voluntary carbon credit transfers over the next decade risks double counting emission reductions and obscuring climate mitigation progress, environmental organisations argued Thursday.

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IMO policy should establish higher GHG reduction threshold for biofuels than CORSIA -report

Published 22:44 on July 8, 2020  /  Last updated at 22:44 on July 8, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, RINs & LCFS, Shipping  /  No Comments

The International Maritime Organization (IMO) should model its plan to decarbonise the global shipping sector on the CORSIA programme for aviation, but it should go further than its fellow UN body ICAO in setting a more ambitious carbon reduction target for sustainable fuels, according to a report published this week.

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German govt launches tender to buy 431k CERs

Published 19:06 on July 8, 2020  /  Last updated at 19:06 on July 8, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, Voluntary Market  /  No Comments

The German government has launched a tender to buy 431,300 CERs to offset the emissions from a series of activities including those associated with its EU Council presidency.

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With international aviation climate efforts diluted, EU considers beefing up its own laws

Published 17:16 on July 7, 2020  /  Last updated at 00:22 on July 8, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

The EU is re-examining its climate policy for airlines, including a potential return to covering foreign flights in its carbon market, after the UN’s CORSIA international aviation offsetting scheme was effectively put on ice last week.

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Bid to add shipping to EU’s carbon market passes key committee hurdle

Published 12:04 on July 7, 2020  /  Last updated at 00:36 on July 8, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

The European Parliament’s environment committee (ENVI) on Tuesday voted in favour of an amendment to fast-track international shipping into the EU ETS via the bloc’s monitoring, reporting, and verification (MRV) regulation for maritime emissions.

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Swiss eye reverse VAT charges on more types of CO2 credits to prevent tax fraud

Published 16:54 on July 3, 2020  /  Last updated at 20:40 on July 3, 2020  /  EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland, Voluntary Market  /  No Comments

Switzerland has proposed introducing a reverse charge mechanism for VAT on more types of emissions trading in an effort to prevent tax fraud.

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Jamaica expands, deepens Paris NDC alongside Article 6 mention

Published 16:31 on July 1, 2020  /  Last updated at 19:40 on July 1, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central  /  No Comments

Jamaica has increased the ambition of its emissions reduction commitment in a new economy-wide Paris Agreement NDC, while also signalling that it may use market mechanisms for either its own targets or to assist other countries.

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Australia’s Kyoto Protocol AAU surplus balloons to 430 mln

Published 09:11 on July 1, 2020  /  Last updated at 09:11 on July 1, 2020  /  Asia Pacific, Australia, International, Kyoto Mechanisms  /  No Comments

Australia has amassed a total 430 million surplus Kyoto Protocol units, the government said Wednesday as the nation’s commitments under the treaty ended June 30, more than sufficient to prop up any shortfall in meeting its Paris Agreement targets.

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