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Ever Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes

Published 08:31 on April 1, 2021  /  Last updated at 18:29 on April 1, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

A new Greek startup, inspired by the beached cargo ship that briefly blocked the Suez Canal, is floating the idea of generating carbon offsets from the incident and other similar events that feature disruptions to global trade or transport, including the movement of fossil fuels.

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Japan seeks to bring JCM in line with Paris Agreement requirements

Published 09:30 on March 31, 2021  /  Last updated at 09:30 on March 31, 2021  /  Asia Pacific, International, Japan, New Market Mechanisms, Other APAC  /  No Comments

Japan’s environment ministry has launched a review of its Joint Crediting Mechanism (JCM), with a view to making the scheme consistent with the Paris Agreement on issues such as avoiding double counting of carbon credits.

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Lessons from no deforestation movement helping to shape investors’ views on net zero

Published 23:14 on March 30, 2021  /  Last updated at 23:18 on March 30, 2021  /  Americas, Canada, EMEA, Mexico, New Market Mechanisms, REDD, US, Voluntary Market  /  No Comments

Investors networks are increasingly adding interim targets and flexibility into frameworks to evaluate the validity of corporate net zero commitments, building on a decade of trial and error from the no deforestation movement, experts said.

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UPDATE – Middle East carbon standard approved as newest CORSIA offset programme

Published 21:37 on March 30, 2021  /  Last updated at 15:23 on March 31, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.

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South Africa proposes tougher 2030 emissions target for revised NDC

Published 12:44 on March 30, 2021  /  Last updated at 12:44 on March 30, 2021  /  Africa, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

South Africa’s government has proposed to tighten its 2030 emissions target by almost a third as part of a revised Paris Agreement pledge that sets out intentions for the export of correspondingly-adjusted carbon credits.

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VCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness

Published 21:37 on March 29, 2021  /  Last updated at 22:03 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.  

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UK should not use foreign credits to meet near-term climate goal, say advisors

Published 17:52 on March 26, 2021  /  Last updated at 17:52 on March 26, 2021  /  Climate Talks, EMEA, International, New Market Mechanisms, UK ETS  /  No Comments

The UK should not use foreign carbon credits to help meet its binding 2023-2027 emissions budget, but the country could consider purchases to help spur international action, the government’s climate advisory body said on Friday.

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VER suppliers still subject to unbalanced scrutiny on carbon credits -developer

Published 21:47 on March 24, 2021  /  Last updated at 21:50 on March 24, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) generators are still facing disproportionate levels of scrutiny compared to the behaviours of corporate buyers, despite efforts of project proponents to work with communities and incorporate more social and economic goals, a REDD+ developer said Wednesday.

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VCM Report: VER prices converge, while CORSIA credit premium emerges

Published 20:46 on March 22, 2021  /  Last updated at 11:57 on March 23, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.

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EXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market

Published 16:29 on March 22, 2021  /  Last updated at 00:13 on March 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.

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