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EU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends

Published 18:47 on May 25, 2021  /  Last updated at 21:02 on May 25, 2021  /  Africa, Americas, Asia Pacific, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, South Korea, UK ETS  /  No Comments

Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.

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UK plans for in-person COP26 climate summit, explores COVID safeguards

Published 12:27 on May 14, 2021  /  Last updated at 21:13 on May 14, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The UK is planning on host the COP26 UN climate negotiations as an in-person summit in Glasgow in November and is considering various ways of ensuring protection against the coronavirus pandemic, the meeting’s president Alok Sharma said on Friday.

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New Paris climate pledges to help cut projected warming to 2.4C -scientists

Published 11:54 on May 4, 2021  /  Last updated at 11:54 on May 4, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, US  /  No Comments

The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.

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Germany, Russia sign MoU to ship hydrogen via controversial gas pipeline

Published 18:28 on April 30, 2021  /  Last updated at 18:31 on April 30, 2021  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

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Increased financial sector participation to dramatically change voluntary carbon market -panel

Published 19:47 on April 27, 2021  /  Last updated at 19:50 on April 27, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.

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LEAF to impose high-ambition climate, deforestation commitments on both buyers and sellers -panel

Published 23:30 on April 23, 2021  /  Last updated at 23:30 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The Lowering Emissions by Accelerating Forest (LEAF) finance coalition will impose high ambition requirements on public and private sector buyers and sellers of offsets, its founding nations the US, the UK, and Norway said on a webinar on Friday.

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US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.

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Leaders Summit on Climate: Officials highlight need for public, private action ahead of COP26

Published 17:30 on April 23, 2021  /  Last updated at 19:01 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.

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US-backed coalition aims to raise $1 bln for jurisdictional REDD payments

Published 15:59 on April 22, 2021  /  Last updated at 09:19 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US, UK, and Norway launched a coalition on Thursday to raise $1 billion in private capital for jurisdictions that reduce deforestation emissions under the Architecture for REDD+ Transactions (ART) programme.

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Leaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets

Published 11:38 on April 22, 2021  /  Last updated at 19:05 on April 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

US President Joe Biden raised the country’s emissions reduction target on Thursday at the White House-convened Leaders Summit on Climate, as other nations including Japan and Canada increased their own Paris Agreement pledges to the 2015 UN pact.

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