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Chile to implement CO2 budget, consider markets in updated NDC

Published 19:11 on April 9, 2020  /  Last updated at 01:07 on April 10, 2020  /  Americas, Carbon Taxes, Climate Talks, International, New Market Mechanisms, South & Central  /  No Comments

Chile will aim to peak its GHG emissions in 2025 and set a carbon budget for the coming decade as part of its new Paris Agreement contribution submitted Thursday, and will also start a public-private dialogue on how international emissions trading may help meet those targets.

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Several states postpone CORSIA reporting deadline as virus-decimated airlines plea for changes

Published 18:25 on April 9, 2020  /  Last updated at 18:27 on April 9, 2020  /  Americas, Australia, Aviation/CORSIA, International, US  /  No Comments

At least three large nations have postponed CORSIA deadlines for their airlines to report 2019 emission data due to coronavirus disruptions, even as auditors insisted on Thursday that the checks can be completed with little difficulty.

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FEATURE: Verra aims for more streamlined process with in-house offset registry

Published 16:13 on April 9, 2020  /  Last updated at 23:27 on April 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.

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Global coal power keeps coming even if almost half is unprofitable -report

Published 18:06 on April 8, 2020  /  Last updated at 00:14 on April 8, 2020  /  Americas, Asia Pacific, China, EMEA, EU ETS, International  /  No Comments

Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.

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Airlines seek CORSIA changes in light of virus impact

Published 12:10 on April 3, 2020  /  Last updated at 18:26 on April 9, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

Airlines are urging governments to alter the UN’s international CORSIA aviation offsetting mechanism to account for the drastic cut in flights due to the coronavirus, changes that would likely greatly reduce offset demand.

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Coronavirus plagues South Africa carbon tax collections

Published 04:33 on April 3, 2020  /  Last updated at 02:07 on April 3, 2020  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms  /  No Comments

The coronavirus crisis is introducing a number of problems for South Africa and its new carbon tax, including preventing emitters from registering to pay it, experts say.

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COMMENT: Five massive drivers of future demand for offsets

Published 01:01 on April 3, 2020  /  Last updated at 22:36 on April 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide.  Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore.  And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.

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COMMENT: Doubling down on climate action in the time of corona

Published 20:42 on April 2, 2020  /  Last updated at 21:28 on April 2, 2020  /  Climate Talks, Conversations, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Views, Voluntary Market  /  No Comments

Let this economic crisis not be a brake on the low-carbon transition, but an accelerator. With the Green Deal as a compass, we can marry our emergency spending with structural changes that will prepare us for a greener tomorrow. Because we cannot backtrack on our climate commitments, neither governments nor companies. That is more than crisis management, that is responsible policy, writes Renat Heuberger, CEO, South Pole.

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UPDATE – Colombia extends verification arrangements for carbon tax offset projects

Published 16:29 on April 2, 2020  /  Last updated at 00:44 on April 3, 2020  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Colombia has prolonged temporary verification requirements for domestic offsets eligible for use against the South American nation’s carbon levy as the federal government continues work on its accreditation programme for in-country projects.

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UK should form national offset watchdog, think-tank says

Published 01:01 on April 2, 2020  /  Last updated at 22:50 on April 2, 2020  /  Aviation/CORSIA, EMEA, International, Voluntary Market  /  No Comments

The UK should set up a national body to guarantee the credibility of domestic carbon offsetting and spur land restoration, according to a report published by a think-tank on Thursday.

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