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Gucci buys half a million forest carbon credits from Cambodia

Published 09:14 on February 11, 2020  /  Last updated at 22:03 on February 11, 2020  /  Asia Pacific, International, Other APAC, Voluntary Market  /  No Comments

Italian luxury clothing and accessory brand Gucci has bought 500,000 forestry carbon credits from Cambodia, local media reported, citing a government spokesperson.

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Switzerland to source 5 mln UN offsets after chemical firm discovers unreported emissions

Published 19:10 on February 10, 2020  /  Last updated at 08:39 on February 11, 2020  /  EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland  /  No Comments

Switzerland will buy 5 million UN carbon credits as part of a plan to cover recently-discovered chemical plant emissions that have potentially been discharged for decades.

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Low-cost EU airline emissions dip in January

Published 18:12 on February 10, 2020  /  Last updated at 18:12 on February 10, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International  /  No Comments

Two of Europe’s biggest low-cost airlines have reported a dip in in-flight emissions to start the year.

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Norway sets out higher Paris GHG pledge as world awaits more

Published 19:02 on February 7, 2020  /  Last updated at 01:35 on February 11, 2020  /  Climate Talks, EMEA, EU ETS, International  /  No Comments

Norway committed to increase its UN Paris Agreement emissions pledge on Friday, one of very few countries and less than a year ahead of the start of the climate pact that is drastically falling short of its global warming target.

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Swiss get 25 entries in latest bid for Paris-era carbon credits

Published 16:00 on February 7, 2020  /  Last updated at 17:56 on February 7, 2020  /  Africa, Asia Pacific, EMEA, International, New Market Mechanisms, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency received 25 submissions under its second call for proposals from developers hoping to sell emission units to the country under the Paris Agreement’s Article 6.

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Norwegian oil firm Equinor broadens climate goal to include its products

Published 17:22 on February 6, 2020  /  Last updated at 22:29 on February 6, 2020  /  EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Norway’s Equinor is joining other major European oil and gas companies in setting a target to rein in emissions including those from the fuel it sells, leaving the door open for using offsets to help meet the goal.

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UK government sacks COP26 climate summit boss

Published 21:32 on January 31, 2020  /  Last updated at 00:04 on February 1, 2020  /  Bavardage, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

The UK government has sacked the president of this year’s UN climate talks in Glasgow, announcing that the position will be made a ministerial role.

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Germany ‘names and shames’ more airlines for EU ETS non-compliance

Published 17:46 on January 31, 2020  /  Last updated at 17:52 on February 3, 2020  /  Aviation/CORSIA, Bavardage, EMEA, EU ETS, International  /  No Comments

The German government has ‘named and shamed’ another handful of airlines for failing to comply with the EU ETS, admonishing flagship carriers from Russia and Iraq.

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COP26 seen as “last chance” to forge Paris carbon trading rulebook

Published 23:04 on January 28, 2020  /  Last updated at 21:14 on January 31, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.

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World Bank sets November deadline for remaining REDD deals

Published 22:41 on January 27, 2020  /  Last updated at 22:41 on January 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

The World Bank Forest Carbon Partnership Facility (FCPF) will sign deforestation reduction agreements with its remaining 14 countries by the end of November, as the deals viewed as a possible base for international emissions trade begin to stack up.

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