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Sweden seeks out Article 6 projects in the Dominican Republic

Published 18:50 on July 16, 2021  /  Last updated at 17:25 on July 19, 2021  /  Americas, Climate Talks, EMEA, International, Japan, New Market Mechanisms, REDD, South & Central, Switzerland  /  No Comments

Sweden is inviting carbon-cutting projects in the Dominican Republic to bid to be the first initiatives that could ultimately deliver Paris Agreement-era carbon credits to the Nordic country.

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Hong Kong to explore carbon market opportunities

Published 11:06 on July 16, 2021  /  Last updated at 12:11 on July 16, 2021  /  Asia Pacific, China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Other APAC, Voluntary Market  /  No Comments

Hong Kong will explore opportunities in establishing itself as a carbon trading centre for mandatory and voluntary carbon markets both in mainland China and internationally, with an initial focus on the Guangdong-HK-Macao greater Bay region.

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No soil carbon protocol guarantees high quality offsets -research

Published 23:41 on July 15, 2021  /  Last updated at 23:44 on July 15, 2021  /  Africa, Americas, Asia Pacific, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.

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Australia Market Roundup: Govt protests EU CBAM move, while offset issuances fall back to average levels

Published 11:15 on July 15, 2021  /  Last updated at 11:15 on July 15, 2021  /  Asia Pacific, Australia, Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

Australian Trade Minister Dan Tehan on Thursday accused the EU of “imposing its views and its ways” on other nations through its carbon border adjustment mechanism (CBAM) proposal, while new offset issuance levels this week declined to long-term average levels after last week’s bump.

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S&P Global Platts carbon analyst joins DC-headquartered energy consultancy

Published 21:44 on July 14, 2021  /  Last updated at 21:45 on July 14, 2021  /  Americas, Asia Pacific, Bavardage, EMEA, EU ETS, International, US  /  No Comments

The former director of emissions and clean energy analytics at S&P Global Platts has taken a director position at Washington DC-headquartered Rapidan Energy Group.

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Senate Democrats to incorporate US clean electricity standard, carbon tariffs in budget deal

Published 20:56 on July 14, 2021  /  Last updated at 11:25 on July 15, 2021  /  Americas, Carbon Taxes, CBAM, International, US  /  No Comments

US Senate Democrats on Wednesday announced they will include a clean electricity standard in an upcoming budget resolution, though it is uncertain if the proposal can pass muster in the reconciliation process or gain the support of conservative members of the caucus.

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‘Fit for 55’ Roundup: Updates and reactions to the EU’s major climate package

Published 16:58 on July 14, 2021  /  Last updated at 00:13 on July 15, 2021  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping, Switzerland, UK ETS  /  No Comments

The European Commission on Wednesday published its long-awaited ‘Fit for 55’ climate legislative package, seeking to recalibrate the bloc’s climate policies towards a tougher 2030 emissions target. Here’s a rolling timeline of today’s major developments and expert and stakeholder insight to complement Carbon Pulse’s other coverage.

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Shell plots 10 MtCO2/yr Alberta carbon capture facility

Published 20:29 on July 13, 2021  /  Last updated at 22:35 on July 13, 2021  /  Americas, Canada, International, Voluntary Market  /  No Comments

Oil major Shell announced a proposed project at its Alberta refinery on Tuesday that could capture more than 10 million tonnes of CO2 per year, adding to the spate of carbon capture and storage (CCS) and hydrogen initiatives planned for Canada’s fossil fuel-heavy province in recent months.

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Draft UN biodiversity text targets massive carbon cuts from natural ecosystems

Published 07:00 on July 13, 2021  /  Last updated at 08:50 on July 13, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Middle East, REDD, Voluntary Market  /  No Comments

The first draft of a post-2020 UN-led global biodiversity framework targets annual carbon reductions from natural ecosystems of 10 billion tonnes of CO2e by 2030, though observers doubted the number would survive upcoming negotiations.

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Canada proposes more rigorous carbon pricing benchmark as government rejects Saskatchewan tax proposal

Published 23:01 on July 12, 2021  /  Last updated at 09:09 on July 13, 2021  /  Americas, Canada, Carbon Taxes, International  /  No Comments

The Canadian government opposed Saskatchewan’s carbon tax proposal as it outlined more stringent benchmark criteria for provinces under the federal ‘backstop’ CO2 pricing regime, while the country’s updated Paris Agreement NDC confirmed Prime Minister Justin Trudeau’s administration will hike the national price by C$15/tonne annually over 2023-30.

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