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Trading house Trafigura to consider offsets to help meet its first GHG goal

Published 12:32 on January 6, 2021  /  Last updated at 00:27 on January 7, 2021  /  EMEA, International, Shipping, Switzerland, Voluntary Market  /  No Comments

Commodities trader Trafigura set its first emissions reduction target on Wednesday, aiming to cut its scope 1 and 2 emissions by at least 30% under 2020 levels by the end of its 2023 financial year.

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ANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters 

Published 23:00 on January 5, 2021  /  Last updated at 02:02 on January 6, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.

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ART programme approves five Central and South American jurisdictional REDD concepts

Published 17:51 on January 4, 2021  /  Last updated at 17:55 on January 4, 2021  /  Americas, Aviation/CORSIA, International, REDD, South & Central, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.

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BRIEFING: Portugal vows to conclude EU Climate Law in its six-month presidency

Published 15:52 on January 4, 2021  /  Last updated at 02:03 on January 5, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

The European Climate Law, industrial policy, and green shipping are three priorities of the six-month Portuguese EU Council presidency that took over on Jan. 1, putting the bloc’s climate files high on the agenda.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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European HFC prices tumble since 2018, but smuggling seen a factor -EU Commission

Published 23:00 on December 20, 2020  /  Last updated at 12:25 on December 21, 2020  /  EMEA, International  /  No Comments

Prices for HFCs in the EU have tumbled from their 2018 peak amid a rise in less potent and more climate-friendly alternatives, though part of the reason for this is also likely to be more illegal imports of the greenhouse gas into the bloc.

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Cheap units from emerging nations dominate voluntary offset supply, survey shows

Published 00:07 on December 19, 2020  /  Last updated at 02:13 on December 19, 2020  /  Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.

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World needs to cut CO2 intensity five times faster to hit 1.5C Paris goal -report

Published 00:01 on December 18, 2020  /  Last updated at 00:17 on December 18, 2020  /  Americas, Asia Pacific, EMEA, International, Voluntary Market  /  No Comments

An annual decarbonisation rate of 11.7% is now needed to keep global warming below 1.5C, representing more than five times the 2.4% reduction level reached before the pandemic, according to a report published on Friday.

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Green group EDF sees legitimate role for international offsets

Published 22:47 on December 17, 2020  /  Last updated at 00:25 on December 18, 2020  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.

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President-elect Biden to tap North Carolina regulator to lead US EPA -reports

Published 18:07 on December 17, 2020  /  Last updated at 22:20 on December 17, 2020  /  Americas, International, RINs & LCFS, US, Voluntary Market  /  No Comments

US President-elect Joe Biden is expected to nominate North Carolina environmental regulator Michael Regan to led the EPA, Reuters reported Thursday.

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