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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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GCF approves massive EBRD project to green industries in seven countries

Published 21:57 on August 21, 2020  /  Last updated at 23:14 on August 21, 2020  /  Africa, Americas, Asia Pacific, International, Middle East, REDD, South & Central, South Korea  /  No Comments

The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative’s annual budget.

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Carbon Pulse adds another EU correspondent as Brussels becomes global climate action epicentre

Published 20:35 on July 14, 2020  /  Last updated at 00:10 on September 16, 2020  /  Africa, Aviation/CORSIA, Bavardage, Carbon Taxes, CBAM, EMEA, EU ETS, International, Middle East, Shipping, Switzerland, Voluntary Market  /  No Comments

Carbon Pulse has further expanded its roster of reporters, hiring a new Brussels-based correspondent to enhance the company’s news coverage and data analysis during a crucial period for both EU climate policy and the continent’s energy markets.

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German govt launches tender to buy 431k CERs

Published 19:06 on July 8, 2020  /  Last updated at 19:06 on July 8, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, Voluntary Market  /  No Comments

The German government has launched a tender to buy 431,300 CERs to offset the emissions from a series of activities including those associated with its EU Council presidency.

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Global energy emissions growth sees dip in 2019 as coal’s role fades -BP

Published 10:33 on June 17, 2020  /  Last updated at 01:58 on June 18, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Global CO2 emissions from energy use grew by 0.5% in 2019, only partially unwinding the unusually strong 2.1% rise in 2018, oil major BP said in its annual energy review published on Wednesday.

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Israel mulls carbon tax on power, transport, and cooking gas

Published 18:17 on June 10, 2020  /  Last updated at 12:52 on June 11, 2020  /  Carbon Taxes, EMEA, Middle East  /  No Comments

Israel has started working on a carbon pricing strategy, with the central bank recommending the government to set up an emissions tax for power, road transport, and cooking gas, according to local reports on Wednesday.

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Eight offset programmes apply for CORSIA aviation mechanism during second intake

Published 22:34 on May 26, 2020  /  Last updated at 14:05 on May 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN aviation body ICAO’s expert panel will consider eight additional emissions unit programmes for the global offsetting mechanism CORSIA, with the submissions ranging from Kyoto-era crediting methodologies to jurisdictional-scale forest and land-use activities to an unauthorised application to incorporate the Northeast US RGGI carbon market.

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 08:05 on April 1, 2020  /  Last updated at 08:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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ICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision

Published 21:31 on March 26, 2020  /  Last updated at 21:31 on March 26, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.

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