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Officials set out plans on Article 6.4 removals crediting, seek expert input

Published 18:44 on September 29, 2022  /  Last updated at 18:44 on September 29, 2022  /  Aviation/CORSIA, Climate Talks, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

The Supervisory Body for the UN’s new crediting mechanism has issued recommendations on carbon removals and called on experts to help finalise its guidance, despite fears that the ideas are too vague.

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‘Gold plating’ offsets could be damaging, warns standards body

Published 15:35 on September 29, 2022  /  Last updated at 15:35 on September 29, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

‘Gold plating’ certain types of offset credits in the drive to improve integrity in the voluntary carbon market (VCM) could prove detrimental in combating global warming, a markets standards body warned on Thursday.

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Airline lobby IATA backs off plan to weaken CORSIA emissions baseline

Published 15:30 on September 29, 2022  /  Last updated at 15:30 on September 29, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Voluntary Market  /  No Comments

Air carriers’ association IATA on Wednesday scrapped its request for a less ambitious CORSIA emissions baseline, setting the stage for the ICAO Assembly to adopt the slightly more ambitious compromise proposal put forth by the UN body’s Council.

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ANALYSIS: Japan seeks Asian region to adopt broader use of technologies for lower emissions path

Published 11:47 on September 29, 2022  /  Last updated at 11:47 on September 29, 2022  /  Asia Pacific, International, Japan, Other APAC  /  No Comments

Japan is seeking to enhance its role in the promotion and financing of low carbon projects in Asia, with a focus on kickstarting what officials term “transition technologies” that would nevertheless prolong the use of fossil fuel consumption if the emissions generated from that use, such as in power generation, are reduced or abated by those technologies.

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HK-listed firm signs 2 Mt carbon credit deal with Singapore trading company

Published 09:28 on September 29, 2022  /  Last updated at 09:28 on September 29, 2022  /  Asia Pacific, Carbon Taxes, International, Other APAC, Voluntary Market  /  No Comments

A Hong Kong-listed investment company has signed a carbon credits transaction agreement with a Singaporean trading company involving the purchase of 2 million voluntary carbon credits, it announced on Thursday.

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Carbon removal business set to return trillions for early investors -report

Published 00:01 on September 29, 2022  /  Last updated at 17:30 on September 28, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

The nascent carbon removal market is set to accelerate to maturity as a record year of investment pledges this year is bolstered by several underlying market dynamics, according to a report published on Thursday.

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Platform offers 9 mln national-scale carbon units, bigger volumes loom

Published 23:20 on September 28, 2022  /  Last updated at 01:33 on September 29, 2022  /  Africa, Americas, Asia Pacific, International, Nature-based, Other APAC, Paris Article 6, South & Central, Voluntary Market  /  No Comments

Some nine million national-scale deforestation reduction credits have again been made available to the voluntary carbon market this week, with initial buying limited but far greater potential volumes promised within weeks.

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Fungibility obstacles: whales, dolphins and other carbon credit attributes

Published 20:44 on September 28, 2022  /  Last updated at 20:44 on September 28, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, US, Voluntary Market  /  No Comments

Some carbon project developers care less about climate outcomes than they do about protecting nature or supporting vulnerable communities, a virtual event heard Wednesday – a stance that risks complicating fungibility for a market already struggling to simplify trading.

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Colombia’s new administration seen setting limits on offset usage in carbon tax reforms

Published 18:46 on September 28, 2022  /  Last updated at 18:46 on September 28, 2022  /  Americas, Carbon Taxes, International, Nature-based, South & Central  /  No Comments

Carbon tax reforms recently unveiled by Colombia’s newly elected leftist President Gustavo Petro are viewed by some observers as including controversial provisions that impose new limits on the use of offsets, measures that are causing confusion amongst stakeholders and potentially dimming the prospects for the passage of the legislation.

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Rating agency awards two fresh grades, puts one more on watch

Published 18:34 on September 28, 2022  /  Last updated at 18:34 on September 28, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A carbon credit ratings agency has given a cookstove project in Nepal and a group of hydropower plants in China, both accredited by Verra, a reasonable chance of avoiding a tonne of CO2

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