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New Paris climate pledges to help cut projected warming to 2.4C -scientists

Published 11:54 on May 4, 2021  /  Last updated at 11:54 on May 4, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, US  /  No Comments

The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.

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Policy, market outlook wipes out another planned Japanese coal plant

Published 11:12 on April 28, 2021  /  Last updated at 11:12 on April 28, 2021  /  Asia Pacific, Japan  /  No Comments

Another planned huge coal-fired power plant in Japan was put to rest this week as the government’s more ambitious climate policy and overall dubious market outlook for fossil fuels put the country on a lower-carbon path.

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Increased financial sector participation to dramatically change voluntary carbon market -panel

Published 19:47 on April 27, 2021  /  Last updated at 19:50 on April 27, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.

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LEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel

Published 23:30 on April 23, 2021  /  Last updated at 23:30 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.

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US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.

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Leaders Summit on Climate: Officials highlight need for public, private action ahead of COP26

Published 17:30 on April 23, 2021  /  Last updated at 19:01 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.

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US-backed coalition aims to raise $1 bln for jurisdictional REDD payments

Published 15:59 on April 22, 2021  /  Last updated at 09:19 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US, UK, and Norway launched a coalition on Thursday to raise $1 billion in private capital for jurisdictions that reduce deforestation emissions under the Architecture for REDD+ Transactions (ART) programme.

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Leaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets

Published 11:38 on April 22, 2021  /  Last updated at 19:05 on April 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

US President Joe Biden raised the country’s emissions reduction target on Thursday at the White House-convened Leaders Summit on Climate, as other nations including Japan and Canada increased their own Paris Agreement pledges to the 2015 UN pact.

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Japan’s Sumitomo, US ag firm team up on soil carbon

Published 08:18 on April 22, 2021  /  Last updated at 09:02 on April 22, 2021  /  Americas, Asia Pacific, Bavardage, International, Japan, Other APAC, US, Voluntary Market  /  No Comments

Trading firm Sumitomo Corp. and Boston-based Indigo Ag have agreed to explore a wide range of business opportunities related to generating carbon credits from agricultural technology and soil carbon projects in Japan and Asia.

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UN launches $70 trillion alliance to standardise net zero commitments around science-based targets

Published 22:33 on April 21, 2021  /  Last updated at 22:34 on April 21, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

UN climate envoy Mark Carney and a dozen government and financial leaders on Wednesday unveiled an alliance to coordinate standards and practices for net zero commitments worldwide in the lead-up this fall’s COP26 climate summit. 

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