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COP24: Article 6 text slashed in half as UN talks begin in earnest

Published 19:07 on December 5, 2018  /  Last updated at 21:53 on December 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central  /  No Comments

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.

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COP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open

Published 21:38 on December 4, 2018  /  Last updated at 02:07 on December 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US  /  No Comments

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

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COP24: Developers, NGOs spar over future role of CDM

Published 18:15 on December 4, 2018  /  Last updated at 20:33 on December 4, 2018  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Kyoto Mechanisms, New Zealand, South & Central, Switzerland, US  /  No Comments

The continuation of the CDM and its CER credits when the Paris Agreement takes effect in 2021 has emerged as a major point of contention in the early days of the UN climate summit in Poland, as developers and NGOs remain widely split on the issue.

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COP24: UN secretary-general details 2019 summit to raise climate ambition

Published 10:55 on December 4, 2018  /  Last updated at 10:55 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, REDD, South & Central  /  No Comments

The UN has identified six action areas with a high potential to drive GHG reductions and resilience as it encourages countries to bump up their Paris Agreement targets at a New York conference next September, Secretary-General Antonio Guterres announced on Tuesday.

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COP24: More than 70 entities join German initiative to offset emissions

Published 19:04 on December 3, 2018  /  Last updated at 01:16 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

More than 70 German companies, governments, and NGOs have joined a voluntary initiative launched by the German government to buy carbon credits on their way to carbon neutrality.

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COP24: Countries step up to host 2019 UN climate talks after Brazil withdraws

Published 12:04 on December 2, 2018  /  Last updated at 12:04 on December 2, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central  /  No Comments

At least four Latin American and Caribbean countries have voiced interest in hosting next year’s UN climate summit after Brazil withdrew its offer.

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South African govt proposes painful penalties for emitters that exceed carbon budgets

Published 22:33 on November 30, 2018  /  Last updated at 23:07 on November 30, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Companies that exceed their emissions limits set under South Africa’s upcoming climate laws will be forced to pay a penalty of at least five times the country’s carbon tax.

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PREVIEW – COP24: Nations aim to iron out Paris Agreement rulebook in Poland

Published 16:52 on November 30, 2018  /  Last updated at 17:43 on December 3, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments will converge in Katowice, Poland over the next two weeks to hammer out how to meet the goals of the 2015 Paris Agreement, but some countries are set to spurn calls for more urgent action.

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South African govt floats long-delayed CO2 tax bill in parliament, updates offset rules

Published 23:21 on November 21, 2018  /  Last updated at 00:10 on November 22, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

South Africa’s finance minister on Tuesday introduced the government’s long-awaited carbon tax bill in the National Assembly, a week after the Treasury released updated draft offset regulations.

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Oil firm Equinor vows to buy REDD units to offset international operations

Published 20:17 on November 20, 2018  /  Last updated at 00:32 on November 21, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway’s oil firm Equinor plans to buy REDD forest protection credits to offset its emissions from operations not already covered by carbon pricing as the company is set to ramp up its foreign exploration, its CEO said Tuesday.

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