UK court dismisses carbon fraudster appeals over unqualified expert witness
An UK appeals court has upheld convictions against seven men charged with committing fraud via various carbon markets, rejecting challenges over the prosecution’s use of an expert witness who was later discredited.
Read MoreRussia approves carbon trading pilot in far-eastern outpost
Russia has approved a pilot carbon trading scheme for its gas-rich Sakhalin island, a rare sign of climate action for the world’s fourth biggest emitter amid looming pressure from proposed EU border measures.
Read MoreOffset developers assess options following CDM suspension
Offset developers face a limited impact should the suspension of issuances under the UN’s CDM offset mechanism be resolved later this year, though some are seeking alternatives given the risk of further complications.
Read MoreGulf-based carbon standard targets issuance of 10 mln offsets in 2021
The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.
Read MoreBRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook
Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.
Read MoreGreen group EDF sees legitimate role for international offsets
International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.
Read MoreNGO call to end use of international offsets meets with resistance
An NGO proposal to replace international offsetting with climate finance in order to avoid double claiming has been met with resistance from some in the voluntary carbon market, who fear a lack of corporate interest.
Read MoreUN strikes compromise CDM deal in effort to avert shutout ahead of Paris decision
UN officials agreed on Monday “temporary measures” intended to maintain the CDM into 2021 and serve as a stopgap until countries can decide whether the offset mechanism can transition into the Paris Agreement era.
Read MoreClimate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary
Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.
Read MoreResearchers urge removal of older offsets, legacy projects to save global voluntary carbon market
Call it the ‘first-mover disadvantage’. Researchers are urging for carbon credits generated from historical emissions reductions, as well as the older projects that created them, to all be purged in a bid to save the global voluntary offset market.
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