Iceland agrees to buy 3.4 mln Kyoto emissions rights from Slovakia

Published 12:25 on September 27, 2023  /  Last updated at 12:25 on September 27, 2023  /  EMEA, EU ETS, Kyoto Mechanisms  /  Comments Off on Iceland agrees to buy 3.4 mln Kyoto emissions rights from Slovakia

Iceland has agreed to buy 3.4 million sovereign carbon units from Slovakia in order to fulfil its legally-binding obligations under the Kyoto Protocol’s second commitment period (2013-20).

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ANALYSIS: Observers sceptical on readiness of Article 6 REDD+ buyers as nations prepare ground

Published 17:36 on September 26, 2023  /  Last updated at 18:48 on September 26, 2023  / Roy Manuell /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Paris Article 6, South & Central, South Korea, US, Voluntary  /  Comments Off on ANALYSIS: Observers sceptical on readiness of Article 6 REDD+ buyers as nations prepare ground

Experts on the UNFCCC process have expressed scepticism that buyers are immediately lining up to buy Article 6-ready REDD+ results, which are expected to be offered to the market in the near future by at least three rainforest nations, though they suggested that there may significant future demand for such jurisdictional units if their use is fully established for transfer under the Paris Agreement.

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Policy frameworks across the globe not dealing with carbon removals adequately -campaign group

Published 16:24 on September 25, 2023  /  Last updated at 16:24 on September 25, 2023  / Rebecca Gualandi /  Australia, Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary  /  Comments Off on Policy frameworks across the globe not dealing with carbon removals adequately -campaign group

Policymakers around the world are getting it wrong on carbon removals and temporary carbon storage by placing them too high on the hierarchy of required climate action, campaigners warned in a pair of complementary reports on Monday.

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ANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers

Published 23:00 on September 21, 2023  /  Last updated at 23:24 on September 21, 2023  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary  /  Comments Off on ANALYSIS: Cloud of reputational risk continues to hang over voluntary carbon buyers

Negative media coverage continued to dominate discussions during a carbon conference in New York held this week, as stakeholders in the voluntary market reacted to fresh reports from a newspaper that has persistently criticised corporate credit use, with fears of reputational risk threatening to further depress buying activity.

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Three rainforest nations poised to offer tens of millions of sovereign carbon credits under Article 6

Published 20:09 on September 20, 2023  /  Last updated at 13:48 on September 26, 2023  / Roy Manuell /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary  /  Comments Off on Three rainforest nations poised to offer tens of millions of sovereign carbon credits under Article 6

Three more forest-rich countries are set to imminently offer up tens of millions of sovereign REDD+ units under Article 6 of the Paris Agreement, with Suriname, the first to already have had such issuances verified, expecting to complete sales of its carbon credits to buyers in the coming months at a targeted price of at least $30/tonne.

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Australia cancels 700 mln carbon credits to close Kyoto loophole

Published 02:47 on September 15, 2023  /  Last updated at 09:13 on September 15, 2023  / Stian Reklev /  Asia Pacific, Australia, International, Kyoto Mechanisms, Other APAC  /  Comments Off on Australia cancels 700 mln carbon credits to close Kyoto loophole

Australia announced on Friday it has cancelled its more than 700 million remaining Kyoto Protocol-era carbon credits to make sure no future government will be able to use them towards the country’s commitments under the Paris Agreement.

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UN body hails “quantum leap” in carbon mechanism discussions, but leaves methodologies guidance to go to the wire

Published 15:05 on September 14, 2023  /  Last updated at 18:37 on September 14, 2023  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary  /  Comments Off on UN body hails “quantum leap” in carbon mechanism discussions, but leaves methodologies guidance to go to the wire

The UN body responsible for guiding the Paris Agreement’s carbon crediting mechanism made significant progress at this week’s penultimate meeting, with observers noting they had never seen such consensus among the group, but ultimately failed to adopt final texts on methodological guidance after running out of time, leaving crunch discussions for the final meeting later this year.

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PREVIEW: Observers welcome progress made on key texts ahead of crucial UN carbon market meeting

Published 16:26 on September 8, 2023  /  Last updated at 16:26 on September 8, 2023  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary  /  Comments Off on PREVIEW: Observers welcome progress made on key texts ahead of crucial UN carbon market meeting

Stakeholders have welcomed the significant progress, notably on draft recommendations for removals, made by the UN body responsible for shaping the carbon crediting mechanism under Article 6 of the Paris Agreement ahead of a crunch meeting next week, while also highlighting the pressure of using the limited remaining time to finalise key aspects of the guidance, ahead of year-end negotiations at COP28.

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Carbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet

Published 01:28 on September 7, 2023  /  Last updated at 13:02 on September 7, 2023  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Biodiversity, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary  /  Comments Off on Carbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet

FREE READ – Carbon Pulse has increased its global team of reporters by nearly 50% in its largest hiring push to date, as the company channels significant investment into further strengthening the world’s premier carbon markets news service.

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AFRICA CLIMATE SUMMIT: Leaders call for global carbon taxation regime following $23 bln of pledges

Published 09:01 on September 6, 2023  /  Last updated at 23:04 on September 6, 2023  / Roy Manuell /  Africa, Carbon Taxes, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary  /  Comments Off on AFRICA CLIMATE SUMMIT: Leaders call for global carbon taxation regime following $23 bln of pledges

African leaders adopted the “Nairobi Declaration” as the curtain closed on the inaugural Africa Climate Summit in Kenya on Wednesday, calling for a tax on fossil fuels, aviation and maritime transport, and a reform of the world financial system that they said penalises African nations with excessively high interest rates.

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