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Richer nations’ resolve wanes on cutting fossil fuel subsidies -OECD

Published 18:07 on February 22, 2018  /  Last updated at 18:07 on February 22, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International  /  No Comments

Efforts by industrialised nations to reduce fossil fuel subsidies have slowed since the signing of the 2015 Paris Agreement while emerging economies have maintained pace in eliminating them, according to an OECD published Thursday.

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In an advance on offsetting, Swiss firm offers CO2 removal credits to voluntary market

Published 10:51 on February 22, 2018  /  Last updated at 12:02 on February 22, 2018  /  International, New Market Mechanisms, Voluntary Market  /  No Comments

A Swiss company is offering CO2 removal credits to the voluntary carbon market in an effort to boost funding and expand its carbon capture technology.

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‘Isolated’ EU nations willing to waive through CORSIA rulebook –EC official

Published 17:42 on February 20, 2018  /  Last updated at 09:44 on February 21, 2018  /  Americas, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

EU nations are prepared to waive through the draft rulebook for the CORSIA international offset market because they lack enough support to force changes, an EU official said on Tuesday.

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Singapore slashes starting level of carbon tax to S$5/t

Published 09:43 on February 19, 2018  /  Last updated at 10:13 on February 20, 2018  /  Asia Pacific, Carbon Taxes, International, Other APAC  /  No Comments

Singapore will tax CO2 its big emitters S$5/tonne ($3.81/t) from 2019, Finance Minister Heng Swee Keat said Monday, a rate that is significantly lower than previously planned.

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Climate finance vehicle picks 9 new initiatives to support in emerging nations

Published 12:26 on February 16, 2018  /  Last updated at 12:26 on February 16, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

Public-private climate investment vehicle The Lab has selected nine initiatives from over 100 applications to support for this year, with funding expanding into land-use sectors.

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VCS becomes Verra: Voluntary market certifier changes name in rebranding

Published 23:30 on February 15, 2018  /  Last updated at 23:30 on February 15, 2018  /  Africa, Americas, Asia Pacific, Bavardage, Conversations, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Voluntary carbon market certifier Verified Carbon Standard (VCS) has changed its name to Verra in a rebranding that it says reflects its broadening portfolio of sustainable development and environmental standards.

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Carbon Pulse bolsters Americas coverage with three new reporters

Published 12:18 on February 15, 2018  /  Last updated at 12:18 on February 15, 2018  /  Americas, Aviation, Bavardage, Canada, Carbon Taxes, Conversations, International, Mexico, REDD, South & Central, US, Views  /  No Comments

Carbon Pulse has hired three new reporters to expand news coverage of carbon markets and taxes and climate change policy in North and South America.

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Australia releases ETS-like draft design for National Energy Guarantee

Published 11:04 on February 15, 2018  /  Last updated at 11:04 on February 15, 2018  /  Asia Pacific, Australia, International, New Market Mechanisms  /  No Comments

Australia’s Energy Security Board (ESB) on Thursday released a draft design proposal for the National Energy Guarantee that included many of the same elements found in intensity-based emissions trading schemes.

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Carbon tax coverage is spreading worldwide, but at too low a rate -OECD

Published 19:39 on February 14, 2018  /  Last updated at 21:24 on February 14, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Carbon tax coverage increased worldwide over the four years to 2015 but the rates are still too low to reflect the costs of greenhouse gases, according to an OECD report published Wednesday.

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CCS can beat wind or gas power on cost, say advocates

Published 19:01 on February 14, 2018  /  Last updated at 21:27 on February 14, 2018  /  Americas, Canada, International, US  /  No Comments

Carbon capture and storage (CCS) can soon yield a superior emissions performance compared to wind power or natural gas plants, a not-for-profit group set up by Canadian utility Sask Power and coal miner BHP Billion said on Wednesday.

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