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Nordic firms unite to develop voluntary market for CO2 removals

Published 23:16 on April 17, 2019  /  Last updated at 00:16 on April 18, 2019  /  EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Twenty-three mostly Nordic firms led by Finnish utility Fortum are developing a platform to create and sell GHG removal units on the voluntary carbon market, in an effort to stimulate CO2 removal applications derived from soil and from concrete and wood used in buildings.

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CORRECTION: Nations seek to shift gears on UN Article 6 carbon market talks

Published 20:01 on April 16, 2019  /  Last updated at 23:12 on April 17, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year.

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ANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity

Published 23:17 on April 10, 2019  /  Last updated at 12:44 on April 11, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.

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Shell to invest $300 mln in land projects to help meet its own GHG goal

Published 19:45 on April 8, 2019  /  Last updated at 22:52 on April 8, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.

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Switzerland invites ITMO emission activity proposals, bars land-use

Published 14:43 on April 4, 2019  /  Last updated at 15:09 on April 4, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Switzerland  /  No Comments

Switzerland’s carbon credit procurement agency has opened its first call for proposals for GHG-cutting activities, with the aim of tying up its first emission trade agreements under the Paris Agreement.

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Campaigners urge governments boost funding to ‘overlooked’ landscape restoration

Published 18:45 on April 3, 2019  /  Last updated at 18:45 on April 3, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are chronically underfunding the restoration of natural landscapes that can simultaneously tackle climate change and biodiversity loss, an international group of campaigners said Wednesday.

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CDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors

Published 02:30 on April 3, 2019  /  Last updated at 09:59 on April 3, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.

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Chile moves UN COP25 climate summit to Easter Island over logistical, environmental fears

Published 00:01 on April 1, 2019  /  Last updated at 00:43 on April 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central  /  1 Comment

Amid a raft of concerns about overcrowding and a lack of conference venue options in Santiago, the Chilean government has announced its remote Easter Island as the surprise site for this year’s UN COP25 climate summit, highlighting the island’s ecological-driven collapse as a point of urgency for global efforts to reduce emissions.

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ANALYSIS: Long-delayed REDD deals seen as base for international emissions trade

Published 20:50 on March 28, 2019  /  Last updated at 23:43 on March 28, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Forest protection deals inked between African nations and a World Bank fund could spur international emissions trade under the Paris Agreement and ICAO’s CORSIA offsetting scheme for aviation, according to experts.

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ICAO names advisory board for CORSIA aviation offset scheme

Published 22:12 on March 27, 2019  /  Last updated at 13:09 on March 28, 2019  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, US, Voluntary Market  /  No Comments

UN aviation body ICAO has listed the members of its technical advisory board (TAB) for its CORSIA global offsetting mechanism, adhering to historical splits between rich and poor countries with the latter represented by major CDM host nations and oil majors.

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