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Australian minister flags potential use of Asia-Pacific forest carbon credits

Published 11:03 on April 23, 2018  /  Last updated at 11:03 on April 23, 2018  /  Asia Pacific, Australia, International, Other APAC, REDD  /  No Comments

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.

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World Bank announces new carbon pricing coalition co-chair, high-level competitiveness forum

Published 00:24 on April 20, 2018  /  Last updated at 12:10 on April 20, 2018  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, Climate Talks, EMEA, International, New Market Mechanisms, US  /  No Comments

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.

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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights

Published 13:53 on April 19, 2018  /  Last updated at 13:53 on April 19, 2018  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views  /  No Comments

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.

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Global carbon pricing revenues up 45% in 2017 as spending choices differ -report

Published 11:42 on April 19, 2018  /  Last updated at 02:48 on April 20, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

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.

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Blockchain-based venture commits first funds to Ecosphere REDD credits

Published 22:35 on April 16, 2018  /  Last updated at 10:33 on April 17, 2018  /  Americas, International, REDD, South & Central, Voluntary Market  /  No Comments

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.

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IMO adopts deal to cut shipping emissions at least 50% by 2050

Published 15:49 on April 13, 2018  /  Last updated at 14:17 on April 19, 2018  /  Americas, Asia Pacific, Aviation, Climate Talks, EMEA, EU ETS, International, Shipping  /  No Comments

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.

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IMO strikes provisional shipping emissions deal, awaits full sign-off

Published 16:05 on April 12, 2018  /  Last updated at 21:40 on April 12, 2018  /  Americas, Asia Pacific, Climate Talks, EU ETS, International, Shipping  /  No Comments

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.

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EU lawmakers seek more on IMO emissions deal

Published 17:36 on April 10, 2018  /  Last updated at 21:39 on April 10, 2018  /  Climate Talks, EMEA, EU ETS, International, Shipping  /  No Comments

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.

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UN’s IMO meets to craft initial climate effort for international shipping

Published 13:26 on April 9, 2018  /  Last updated at 09:28 on April 10, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, Shipping  /  No Comments

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.

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Cement firms must up game on climate action, urges investor watchdog

Published 00:01 on April 9, 2018  /  Last updated at 01:28 on April 9, 2018  /  Americas, Asia Pacific, EMEA, EU ETS, International  /  No Comments

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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