Kyoto Mechanisms

Middle East oil project generates offsets valued near $400/t for niche EU market

Published 23:54 on August 25, 2020 / Last updated at 22:33 on September 15, 2020 / Ben Garside / Carbon Taxes, EMEA, International, Kyoto Mechanisms, Paris Article 6, Switzerland

Offset credits from an emissions reduction project at a Middle East oil production facility have been valued near $400/tonne, the first awards in an under-the-radar EU market where strict limits have resulted in some of the world’s highest carbon prices.

UN approves South Korean residential buildings for CDM

Published 10:31 on August 25, 2020 / Last updated at 22:35 on August 25, 2020 / Stian Reklev / Asia Pacific, Aviation/CORSIA, International, Kyoto Mechanisms, South Korea

South Korea can begin earning Certified Emission Reductions (CERs) from GHG cuts from residential buildings after the UN approved its new standardised baseline system for measuring emissions, the government said Tuesday.

Verra offers proposal for tagging Paris-eligible carbon credits

Published 23:14 on August 18, 2020 / Last updated at 19:25 on November 23, 2022 / Matthew Lithgow / Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, Switzerland, US, Voluntary

Offset standard developer and manager Verra has released a public consultation regarding how to identify VCS credits that will be eligible for trade under the Paris Agreement, becoming the latest organisation to seek a differentiation based on whether or not host countries make corresponding adjustments to their emissions inventories.

First batch of CERs cancelled against South African carbon tax

Published 20:14 on August 18, 2020 / Last updated at 15:29 on October 29, 2020 / Africa, Carbon Taxes, International, Kyoto Mechanisms, Voluntary

The first batch of CERs have been cancelled for use towards South Africa’s new carbon tax, UN data shows.

CARBON PULSE CONVERSATIONS 016: EDF and WWF on CORSIA

Published 23:28 on August 17, 2020 / Last updated at 13:35 on December 19, 2023 / Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Nature-based, Other APAC, Other Content, Paris Article 6, South & Central, US, Voluntary

In the latest edition of our Carbon Pulse Conversations podcast, we speak with Environmental Defense Fund (EDF) International Counsel Annie Petsonk and WWF Director of Carbon Market Governance and Aviation Brad Schallert about recent developments regarding UN body ICAO’s global aviation offsetting mechanism CORSIA.

German development agency awards €213k in UN offset purchase contracts

Published 21:09 on August 10, 2020 / Last updated at 21:14 on August 10, 2020 / Africa, Americas, Asia Pacific, China, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary

A German development agency has awarded four contracts worth a total €213,000 to buy “high quality” UN carbon credits to offset its emissions from 2017-18.

Big investors flag potential of carbon units to help green their portfolios

Published 18:41 on August 7, 2020 / Last updated at 16:30 on August 10, 2020 / Ben Garside / Americas, Canada, EMEA, EU ETS, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary

Emissions allowances can be bought by financial institutions to help align their portfolios with the Paris Agreement, investors managing more than $16 trillion said this week in an endorsement that further boosts prospects for carbon as an asset class.

South Korea sticking to plans for 4% reduction in ETS cap for Phase 3 -observers

Published 11:26 on August 3, 2020 / Last updated at 00:56 on August 4, 2020 / Stian Reklev / Asia Pacific, International, Kyoto Mechanisms, South Korea

South Korea is considering reducing the average annual amount of CO2 allowances issued to emitters in its ETS by 4% over 2021-25 compared to the 2018-20 period, according to participants at a government organised forum in Seoul.

New US-listed carbon ETF launched amid growing investor interest

Published 19:23 on July 30, 2020 / Last updated at 01:38 on July 31, 2020 / Africa, Americas, Asia Pacific, Bavardage, Canada, China, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Zealand, Other APAC, Paris Article 6, South Korea, Switzerland, US

A new US-listed exchange-traded fund (ETF) that tracks carbon prices in three markets was launched Thursday, allowing retail investors for the first time to indirectly hold cross-continental stakes in cap-and-trade schemes.

Global commodities firm launches AI-powered solution for ‘private wire’, carbon-neutral energy

Published 23:48 on July 28, 2020 / Last updated at 00:03 on July 29, 2020 / Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, South & Central, Voluntary

A global commodities firm has launched an AI-powered business to offer industry and SMEs a low-cost path to achieving ‘private wire’ energy supply and net zero emissions.

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