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Gulf-based carbon standard targets issuance of 10 mln offsets in 2021

Published 22:52 on January 14, 2021  /  Last updated at 00:21 on January 15, 2021  /  Africa, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Voluntary Market  /  No Comments

The first carbon credit standard in the Middle East aims to issue 10 million offsets this year from carbon-cutting projects, including units that other standards won’t touch.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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Green group EDF sees legitimate role for international offsets

Published 22:47 on December 17, 2020  /  Last updated at 00:25 on December 18, 2020  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.

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S&P Global Platts to launch CORSIA offset price assessment

Published 19:01 on December 16, 2020  /  Last updated at 19:07 on December 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Wednesday announced it will begin assessing prices for carbon credits approved for use in ICAO’s global aviation offset system CORSIA, as interest in the voluntary market grows.

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Indonesia, Costa Rica sign World Bank REDD deals as remaining deadlines extended

Published 21:10 on December 14, 2020  /  Last updated at 21:10 on December 14, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Indonesia and Costa Rica last week inked agreements with the World Bank Forest Carbon Partnership Facility (FCPF) to reduce deforestation-related emissions, while the other tropical forest nations with outstanding arrangements will receive additional time to sign the deals seen as a possible base of international carbon trading.

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UN strikes compromise CDM deal in effort to avert shutout ahead of Paris decision

Published 16:41 on December 14, 2020  /  Last updated at 00:09 on December 15, 2020  /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, South Korea, Voluntary Market  /  No Comments

UN officials agreed on Monday “temporary measures” intended to maintain the CDM into 2021 and serve as a stopgap until countries can decide whether the offset mechanism can transition into the Paris Agreement era.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, 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

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Switzerland’s Paris pledge curbs offset reliance, targets imports

Published 21:14 on December 10, 2020  /  Last updated at 06:03 on December 11, 2020  /  Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

Switzerland’s updated climate plan is set to curb the country’s reliance on international credits, but intends to use flight ticket tax revenues to help compensate for emissions linked to imported goods.

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Brazil says can reach net zero by 2060, fails to lift NDC

Published 10:02 on December 9, 2020  /  Last updated at 09:03 on December 10, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central  /  No Comments

Brazil says it can reach net zero emissions by 2060 without needing to lift its near-term Paris Agreement emissions pledge, though campaigners questioned the credibility of goals set by an administration that has allowed Amazon deforestation to rise.

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UK should front-load its effort towards net zero, say advisors

Published 00:01 on December 9, 2020  /  Last updated at 08:38 on December 9, 2020  /  Aviation/CORSIA, EMEA, EU ETS, New Market Mechanisms  /  No Comments

The UK should front-load its efforts towards its 2050 net zero goal by setting a 2035 emissions reduction target of 78% under 1990 levels, and should consider forcing airlines to buy domestic removals offsets, the government’s independent advisory body said on Wednesday.

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