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COP24: Asian Development Bank launches ITMO pilot support for SE Asia

Published 19:35 on December 7, 2018  /  Last updated at 00:27 on December 8, 2018  /  Asia Pacific, Climate Talks, International, New Market Mechanisms  /  No Comments

The Asian Development Bank (ADB) has teamed up with Germany and Sweden to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.

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COP24: Companies, business groups band together to avoid double counting in carbon markets

Published 12:30 on December 5, 2018  /  Last updated at 07:21 on December 6, 2018  /  Aviation, Climate Talks, International, New Market Mechanisms, REDD  /  No Comments

Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.

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COP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open

Published 21:38 on December 4, 2018  /  Last updated at 02:07 on December 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US  /  No Comments

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

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COP24: More than 70 entities join German initiative to offset emissions

Published 19:04 on December 3, 2018  /  Last updated at 01:16 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

More than 70 German companies, governments, and NGOs have joined a voluntary initiative launched by the German government to buy carbon credits on their way to carbon neutrality.

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COP24: Countries step up to host 2019 UN climate talks after Brazil withdraws

Published 12:04 on December 2, 2018  /  Last updated at 12:04 on December 2, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central  /  No Comments

At least four Latin American and Caribbean countries have voiced interest in hosting next year’s UN climate summit after Brazil withdrew its offer.

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PREVIEW – COP24: Nations aim to iron out Paris Agreement rulebook in Poland

Published 16:52 on November 30, 2018  /  Last updated at 17:43 on December 3, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments will converge in Katowice, Poland over the next two weeks to hammer out how to meet the goals of the 2015 Paris Agreement, but some countries are set to spurn calls for more urgent action.

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Oil firm Equinor vows to buy REDD units to offset international operations

Published 20:17 on November 20, 2018  /  Last updated at 00:32 on November 21, 2018  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Norway’s oil firm Equinor plans to buy REDD forest protection credits to offset its emissions from operations not already covered by carbon pricing as the company is set to ramp up its foreign exploration, its CEO said Tuesday.

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Hopes fade for progress on a CDM transition this year

Published 22:54 on November 19, 2018  /  Last updated at 09:54 on November 20, 2018  /  Americas, Asia Pacific, Aviation, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, Voluntary Market  /  No Comments

Governments are not expected to offer much clarity on how the CDM will transition into the post-2020 Paris Agreement era as year-end UN talks in Katowice get bogged down in other issues, observers say.

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Study to outline massive potential CO2 mitigation cost savings if countries cooperate

Published 14:34 on November 8, 2018  /  Last updated at 01:19 on November 9, 2018  /  Americas, Asia Pacific, Carbon Taxes, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms  /  No Comments

Governments could save almost $300 billion a year on emission reductions by 2030 if they cooperate rather than work alone, a conference heard this week.

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COMMENT: Paris goals can only be achieved in time with robust bottom-up action

Published 23:09 on November 6, 2018  /  Last updated at 23:09 on November 6, 2018  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Despite the scientific evidence, there are still nations that are either not convinced of the need to reduce emissions, or are unwilling to do so. But real demand for change is growing at ground level. Consumers around the world are paying greater attention to the environment and the climate, and making changes to their own lifestyles. They are also starting to ask uncomfortable questions of the businesses that supply them.

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