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Canada may need nearly C$300/tonne carbon price to hit 2030 Paris goal -gov’t report

Published 16:50 on October 8, 2020  /  Last updated at 22:51 on October 8, 2020  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canada’s GHG reduction target may require a CO2 price of almost C$300 ($226) per tonne under the country’s ‘backstop’ fossil fuel levy and output-based pricing system (OBPS) if no additional climate policies are implemented, a government report said Thursday.

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IMF backs global green spending spree, rising carbon prices to curb climate change

Published 11:20 on October 8, 2020  /  Last updated at 22:59 on October 8, 2020  /  Carbon Taxes, International  /  No Comments

A major public green spending programme combined with steadily rising carbon prices would help the world achieve net zero greenhouse gas emissions by 2050 at a moderate cost and with longer-term benefits outweighing that, the International Monetary Fund (IMF) said Thursday.

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ANALYSIS: With millions at stake, Korean offset investors sweat over CDM impasse

Published 11:09 on October 8, 2020  /  Last updated at 23:35 on October 8, 2020  /  Asia Pacific, International, Kyoto Mechanisms, South Korea, Voluntary Market  /  No Comments

South Korean investors in projects expected to import tens of millions of carbon credits are tying their fortunes to a UN body that has so far dodged a decision on keeping Clean Development Mechanism (CDM) units flowing beyond this year.

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Chile targets 2023 for CO2 levy threshold changes and offset provision

Published 22:15 on October 7, 2020  /  Last updated at 22:49 on October 7, 2020  /  Americas, International, South & Central, Voluntary Market  /  No Comments

Chile is aiming to implement an overhaul to its flat $5/tonne carbon tax in 2023 that will alter the coverage threshold for emitters and allow companies to utilise offsets against an undetermined portion of their GHG output, a government official said Wednesday.

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Switzerland favours product-pushing offset projects in third ITMO call

Published 21:22 on October 7, 2020  /  Last updated at 22:36 on October 7, 2020  /  International, New Market Mechanisms, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency Klik has launched a third call for proposals from developers hoping to sell emissions units to the country under the Paris Agreement’s Article 6.

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Australia’s support for Pacific carbon markets falls short, group says

Published 09:57 on October 7, 2020  /  Last updated at 15:24 on October 7, 2020  /  Asia Pacific, Australia, International, Other APAC, Voluntary Market  /  No Comments

Australia’s 2020-21 budget includes a modest amount for supporting ocean and forest-based carbon activities in the Pacific region, but the government should do more, an industry group said Wednesday.

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Hudson Technologies and Bluesource team up to develop voluntary HFC offset projects

Published 22:55 on October 6, 2020  /  Last updated at 22:55 on October 6, 2020  /  Americas, International, US, Voluntary Market  /  No Comments

US refrigerant services provider Hudson Technologies and offset developer Bluesource announced a partnership on Tuesday to spur the creation of voluntary market carbon credit projects that reclaim high-global warming potential gases around the country.

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UN board dodges decision on ‘back door’ CDM extension into Paris era

Published 22:56 on October 5, 2020  /  Last updated at 06:48 on October 6, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.

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Brazil voluntary carbon programme may ease Paris double counting fears

Published 19:19 on October 5, 2020  /  Last updated at 22:32 on October 5, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The Brazilian environment ministry (MMA) has launched a carbon-focused element of its voluntary ecosystem services market for forests that some stakeholders view as a positive sign for the country to avoid double counting emissions reductions under the Paris Agreement.

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Big returns and little correlation to other markets make carbon a hot investment, analysis finds

Published 23:49 on October 2, 2020  /  Last updated at 16:30 on October 5, 2020  /  Americas, Asia Pacific, Canada, China, EMEA, EU ETS, International, US  /  No Comments

Carbon boasts some impressive historical returns compared to other asset classes, while showing little correlation to other markets, an analysis has found.

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