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Brazil formalises voluntary REDD+ market from UN-backed programme

Published 18:30 on July 29, 2020  /  Last updated at 21:05 on July 29, 2020  /  Americas, Aviation/CORSIA, International, REDD, South & Central, Voluntary Market  /  No Comments

The Brazilian government has approved the creation of a voluntary forest offset market, an outgrowth of the UN Green Climate Fund’s inaugural foray into schemes designed to cut emissions by halting deforestation.

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Chemicals firm BASF to publish CO2 footprint of all its products

Published 18:24 on July 29, 2020  /  Last updated at 20:33 on July 29, 2020  /  EMEA, EU ETS, International, Voluntary Market  /  No Comments

Germany-based chemicals giant BASF plans by the end of 2021 to publish the carbon footprint of all the nearly 45,000 products it sells, in an effort to drive emissions cuts across its supply chain, it said on Wednesday.

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Global commodities firm launches AI-powered solution for ‘private wire’, carbon-neutral energy

Published 23:48 on July 28, 2020  /  Last updated at 00:03 on July 29, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

A global commodities firm has launched an AI-powered business to offer industry and SMEs a low-cost path to achieving ‘private wire’ energy supply and net zero emissions.

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Russia “extremely concerned” by EU carbon border tax plans, says could break WTO rules

Published 17:35 on July 24, 2020  /  Last updated at 17:39 on July 24, 2020  /  Asia Pacific, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Russia is “extremely concerned” about the EU’s plans to introduce a carbon border adjustment mechanism (CBAM) to prevent carbon leakage, the country’s economic development minister said on Thursday.

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South Africa set to launch carbon offset administration platform

Published 22:06 on July 22, 2020  /  Last updated at 22:35 on July 22, 2020  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The South African government will on Thursday launch its carbon offset administration platform, which will help developers to submit project applications and emitters to surrender credits against their national CO2 tax obligations.

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Shipping to buoy EU ETS coverage by 8-9% -analysts

Published 22:48 on July 21, 2020  /  Last updated at 22:48 on July 21, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

Including shipping in the EU ETS would increase the market’s scope by 8-9%, though the impact on allowance prices would depend on the sector’s emissions cap and level of free allocation, analysts said.

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Investors call on ICAO to deliver net zero aviation emissions goal with minimal offsetting

Published 22:53 on July 16, 2020  /  Last updated at 23:31 on July 16, 2020  /  Aviation/CORSIA, Climate Talks, International, REDD, Voluntary Market  /  No Comments

ICAO and national governments must set a long-term and binding GHG goal for global air travel ahead of COP26 next year, while countries should consider a market mechanism for afforestation and other measures in their net zero-aligned COVID-19 recovery plans, said a report from a UN-convened group of investors released Wednesday.

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Carbon Pulse adds another EU correspondent as Brussels becomes global climate action epicentre

Published 20:35 on July 14, 2020  /  Last updated at 22:13 on July 14, 2020  /  Africa, Aviation/CORSIA, Bavardage, EMEA, EU ETS, International, Middle East, Shipping, Switzerland, Voluntary Market  /  No Comments

Carbon Pulse has further expanded its roster of reporters, hiring a new Brussels-based correspondent to enhance the company’s news coverage and data analysis during a crucial period for both EU climate policy and the continent’s energy markets.

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UN launches 2020 tender to buy 224k Gold Standard CERs

Published 16:22 on July 10, 2020  /  Last updated at 17:58 on July 10, 2020  /  International, Kyoto Mechanisms  /  No Comments

The UN has opened a tender to buy just over 224,000 Gold Standard CERs to offset the organisation’s annual emissions.

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Norway pays Indonesia for cutting 11.2 MtCO2e under forestry deal

Published 12:59 on July 10, 2020  /  Last updated at 12:59 on July 10, 2020  /  Asia Pacific, EMEA, International, Other APAC, REDD  /  No Comments

Norway has paid Indonesia for reducing greenhouse gas emissions by 11.2 MtCO2e, the first payment under a 10-year-old bilateral forestry deal after a smaller transfer flagged last year never materialised.

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