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Two CORSIA programmes approved as first REDD standards in a compliance carbon market

Published 19:25 on November 20, 2020  /  Last updated at 22:43 on November 20, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.

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Singapore firm hopes new LNG contract can drive carbon offset demand

Published 09:23 on November 13, 2020  /  Last updated at 02:10 on November 14, 2020  /  Asia Pacific, EMEA, International, Middle East, Other APAC, Voluntary Market  /  No Comments

Singapore-based Pavilion Energy this week signed a first LNG contract with Qatar Petroleum that quantifies the fuel’s GHG emissions from well to discharge port, which the company hopes can become a new industry standard and drive demand for carbon offsets.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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INTERVIEW: Carney-led voluntary CO2 market taskforce “barking up the wrong tree”, says South Pole boss

Published 22:00 on November 9, 2020  /  Last updated at 13:20 on November 10, 2020  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

On the eve of the release of an expert report that could help revolutionise the “murky” global voluntary carbon market, the head of South Pole – one of the world’s biggest offset developers – says the authoring taskforce led by former Bank of England head Mark Carney is “barking up the wrong tree” and should be focused more on how to significantly raise prices than on creating benchmarks or improving transparency.

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Climate finance for developing countries rose 11% in 2018 but risks missing 2020 target

Published 17:38 on November 6, 2020  /  Last updated at 17:38 on November 6, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Middle East  /  No Comments

OECD nations mobilised in 2018 11% more on climate finance for developing countries, compared with the previous year, although reaching the $100 million objective set by 2020 is still uncertain.

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Carney-led voluntary carbon taskforce to launch new “credible” offset market by early 2021 -media

Published 23:12 on October 16, 2020  /  Last updated at 23:26 on October 16, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A private-sector taskforce assembled by former Bank of England boss Mark Carney that is aiming to scale up global voluntary carbon offsetting will endeavour to launch a new “credible” market by early 2021, according to reports.

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EU’s Timmermans promises ‘best efforts’ to study national impacts of higher 2030 GHG target

Published 20:30 on October 16, 2020  /  Last updated at 22:17 on October 16, 2020  /  Americas, Carbon Taxes, CBAM, China, China's National ETS, EMEA, EU ETS, International, Middle East, US  /  No Comments

The European Commission will try to accommodate demands from some EU nations reluctant to endorse a higher 2030 emissions reduction target by assessing the impact on individual member states and sectors, the Commission’s climate chief Frans Timmermans said Friday.

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Middle East’s Global Carbon Council resubmits CORSIA application for full eligibility

Published 23:00 on October 2, 2020  /  Last updated at 23:00 on October 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The Qatar-based Global Carbon Council (GCC) has made several revisions to its voluntary offset programme as it seeks full eligibility under the UN body ICAO’s CORSIA international aviation offset system, according to a document posted Friday.

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INTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards

Published 00:15 on September 8, 2020  /  Last updated at 11:29 on September 8, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.

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California divvies out 1 mln compliance offsets as the largest project earns new credits

Published 21:40 on August 26, 2020  /  Last updated at 00:42 on August 27, 2020  /  Americas, Canada, International, Kyoto Mechanisms, Middle East, US, Voluntary Market  /  No Comments

California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted more than 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.

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