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World Bank extends carbon credit eligibility ahead of N2O auction

Published 22:41 on August 8, 2019  /  Last updated at 23:43 on August 8, 2019  /  EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

The World Bank’s Nitric Acid Climate Auction Program (NACAP) has extended the emission reduction generation period that eligible CER and VER carbon credits can be delivered into the programme.

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Fourteen offset programmes apply for ICAO’s CORSIA aviation mechanism

Published 23:52 on August 6, 2019  /  Last updated at 01:02 on August 7, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

UN aviation body ICAO’s expert panel will consider 14 emissions unit programme applications for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto era offset programmes and REDD initiatives to jurisdictional schemes in China, the Middle East, and Poland.

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BRIEFING: World Bank REDD Deals

Published 22:59 on August 2, 2019  /  Last updated at 23:07 on August 2, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Three African nations have now signed deforestation reduction agreements under the World Bank’s Forest Carbon Partnership Facility (FCPF) that could form the base of possible international emissions trade, with more deals expected to come later this year.

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New Zealand to cancel over 16 mln privately held Kyoto units next year

Published 10:52 on August 1, 2019  /  Last updated at 04:37 on August 2, 2019  /  Asia Pacific, International, Kyoto Mechanisms, New Zealand  /  No Comments

New Zealand’s announcement this week that it will cancel all privately held Kyoto units in its registry will invalidate more than 16 million credits, according to a Cabinet paper.

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New REDD standard targets heavily forested countries for national-scale GHG reductions

Published 22:37 on July 29, 2019  /  Last updated at 00:14 on July 30, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

A new REDD standard will look to incentivise national-scale emission reductions in high forest cover, low deforestation (HFLD) countries, and the resulting carbon credits will be designed for use in a variety of compliance and voluntary markets.

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Norway and Suriname to explore carbon credits for preventing deforestation -report

Published 10:24 on July 19, 2019  /  Last updated at 10:29 on July 19, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway and Suriname are said to be exploring an arrangement where the South American country would earn carbon credits for keeping its tropical forest intact, according to a local news report.

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UK considers transport offsetting as developers eye domestic carbon market

Published 18:25 on July 18, 2019  /  Last updated at 18:25 on July 18, 2019  /  Aviation, EMEA, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

The UK has launched a consultation looking into mandating all transport providers to offer passengers the chance to offset their journeys over land, air, and sea to help bring down the sector’s carbon emissions.

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German government keeps CER standards in new tender to offset travel emissions

Published 13:40 on July 16, 2019  /  Last updated at 13:40 on July 16, 2019  /  EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Germany has launched a new tender to buy CERs to offset emissions from its 2018 business travel, setting extensive limits in a process that offers some clues as to what rich-nation governments may seek to push for under Article 6 of the Paris Agreement and the CORSIA international offsetting mechanism.

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Five more tropical forest countries selected to World Bank’s REDD Fund

Published 17:43 on July 15, 2019  /  Last updated at 17:43 on July 15, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The World Bank’s Forest Carbon Partnership Facility (FCPF) has selected emission reduction programmes from five developing countries to participate in the organisation’s Carbon Fund, bringing the nations a step closer to signing agreements seen as a possible base for forestry international emissions trade.

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UPDATE – Ghana notches REDD agreement with World Bank carbon fund

Published 17:14 on July 10, 2019  /  Last updated at 19:50 on July 10, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Ghana will take in up to $50 million for protecting its forests under the World Bank’s Forest Carbon Partnership Facility (FCFP), becoming the third African nation to sign the REDD deal seen as a base for possible international emissions trade.

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