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Japan, South Korea oppose move to bring global shipping to EU carbon market

Published 17:30 on November 26, 2020  /  Last updated at 17:30 on November 26, 2020  /  Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, South Korea  /  No Comments

Japan and South Korea has voiced concerns over EU plans to extend the scope of its ETS to include emissions from all voyages using the 27-nation bloc’s ports, which the European Commission is considering as part of its carbon market reform.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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MARCU MY WORDS: The importance of the Article 6 Guidelines to the success of the Paris Agreement

Published 22:46 on November 4, 2020  /  Last updated at 22:46 on November 4, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, Dialogue, International, Japan, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South Korea, Views, Voluntary Market  /  No Comments

The absence of the Article 6 Guidelines creates uncertainty for the accounting treatment of assets in the emerging carbon market under the Paris Agreement as well as for other related markets. The importance of the international accounting treatment cannot be overstated.

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Tokyo ETS firms donate 4.2 mln offsets to help make Olympics carbon free

Published 09:23 on October 30, 2020  /  Last updated at 21:56 on October 30, 2020  /  Asia Pacific, Japan  /  No Comments

A total 153 companies participating in Tokyo’s emissions trading scheme have donated almost 4.2 million carbon offsets to the metropolitan government to help offset emissions from the city’s hosting of the Olympic Games.

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Japan set to boost voluntary offset demand in lieu of mandatory carbon pricing

Published 14:04 on October 28, 2020  /  Last updated at 20:14 on October 28, 2020  /  Asia Pacific, International, Japan, Voluntary Market  /  No Comments

Japanese industries are likely to add to the fast-growing global demand for voluntary carbon credits as hundreds of companies strive to align with Prime Minister Yoshihide Suga’s net zero emissions target and as the introduction of a domestic cap-and-trade programme remains improbable.

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Japan pledges net zero emissions by 2050

Published 06:36 on October 26, 2020  /  Last updated at 23:26 on October 26, 2020  /  Asia Pacific, Climate Talks, International, Japan  /  No Comments

Japan will reduce its net greenhouse gas emissions to zero by 2050, Prime Minister Yoshihide Suga said on Monday, though a full suite of policies to meet the target has yet to be decided.

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UN board dodges decision on ‘back door’ CDM extension into Paris era

Published 22:56 on October 5, 2020  /  Last updated at 06:48 on October 6, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.

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CDM under “back door” threat as Paris era looms

Published 21:28 on September 30, 2020  /  Last updated at 13:06 on October 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, New Market Mechanisms, South & Central, Voluntary Market  /  No Comments

The CDM risks being killed “through the back door” as officials consider blocking post-2020 carbon offset activity rather than waiting for countries to agree on the UN mechanism’s future under the Paris Agreement.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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New Japanese PM Suga expected to stick close to predecessor’s climate line

Published 11:42 on September 16, 2020  /  Last updated at 00:47 on September 17, 2020  /  Asia Pacific, Japan  /  No Comments

Yoshihide Suga was sworn in as Japan’s new prime minister on Wednesday, and is expected to follow in predecessor Shinzo Abe’s footsteps on energy and climate issues after confirming the ministers for those portfolios will remain in their roles.

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