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New UN Article 6 text emerges to raise hopes of emission trade deal this year

Published 17:53 on June 25, 2019  /  Last updated at 10:48 on June 26, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The UN produced a new draft text on rules covering international emissions trade on Tuesday, after governments broke a deadlock that some observers said raises the prospects for a deal later this year on the Paris Agreement’s divisive Article 6.

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California lawmakers urge adoption of Tropical Forest Standard

Published 23:09 on June 20, 2019  /  Last updated at 23:14 on June 20, 2019  /  Americas, Aviation, Canada, International, Mexico, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

Four California assemblymembers asked state regulator ARB this week to adopt the Tropical Forest Standard (TFS) for international sector-based offset programmes despite ongoing disagreement and environmental justice opposition to the proposal.

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CORRECTION – Canadian Conservative climate plan to eliminate CO2 tax, may count exports for Paris target

Published 01:15 on June 20, 2019  /  Last updated at 18:53 on June 20, 2019  /  Americas, Canada, Carbon Taxes, International, New Market Mechanisms  /  No Comments

Poll-leading Canadian Conservative Party leader Andrew Scheer said Wednesday that he would eliminate the ruling Liberals’ ‘backstop’ carbon tax and alter its output-based pricing system (OBPS) if elected as prime minister this fall, while potentially exploring the use of low-carbon exports to claim emission reductions towards the country’s Paris Agreement GHG target.

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UK set to host 2020 UN climate talks after Italy backs bid

Published 16:43 on June 18, 2019  /  Last updated at 19:32 on June 18, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD  /  No Comments

The British and Italian governments have agreed to partner on a proposal to co-host the 2020 UN climate talks, clearing the way for the UK to host the main summit, known as COP26.

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Voluntary carbon market stakes claim to thrive in Paris era

Published 21:32 on June 14, 2019  /  Last updated at 22:05 on June 14, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Entities should be able to continue buying voluntary carbon credits in the Paris Agreement era, though exactly how those claims will be reflected is still up for debate, a cross-stakeholder group has said.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, 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, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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EU airlines face CORSIA uncertainty as states order MRV rule re-write

Published 21:18 on June 13, 2019  /  Last updated at 21:18 on June 13, 2019  /  Aviation, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

EU airlines are being advised to continue monitoring their 2019 international flight emissions despite a lack of rules to govern the process due to bureaucratic delays.

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UK to set legal course for net zero 2050 emissions

Published 23:59 on June 11, 2019  /  Last updated at 23:21 on June 12, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

The UK will on Wednesday propose to enshrine in law a 2050 net zero greenhouse gas emissions target, Prime Minister Theresa May said in a statement late Tuesday in a bill set to go against the government’s in-house experts by leaving open the door to using international credits.

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UPDATE – UNEP touts limited role of offsets, questions ‘one-for-one’ approach

Published 21:51 on June 10, 2019  /  Last updated at 13:44 on June 12, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Carbon offset credits should only play a transitional role in meeting Paris Agreement goals and the use of such credits may be drawing to a close, UN Environment said Monday.

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ICAO targets Feb. 2020 for first CORSIA offset unit recommendations

Published 19:12 on June 10, 2019  /  Last updated at 19:12 on June 10, 2019  /  Aviation, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The expert panel for UN body ICAO’s CORSIA programme is aiming to make recommendations by Feb. 2020 on eligible credit types, coming less than a year before the start of the global aviation offsetting scheme’s pilot phase.

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