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China, US climate talks fail to inspire confidence ahead of Glasgow

Published 13:12 on September 3, 2021  /  Last updated at 09:30 on September 4, 2021  /  Americas, China, Climate Talks, International, Japan, New Market Mechanisms, South Korea, US  /  No Comments

The US special envoy on climate, John Kerry, on Friday left China after several days of talks, but the absence of a joint statement at his departure leaves little reason for optimism ahead of the Glasgow COP26 UN climate negotiations in November, observers say.

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Carbon Pulse bolsters best-in-class reporting team with two more expert hires

Published 16:53 on September 2, 2021  /  Last updated at 01:01 on September 3, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

(Free read) – Carbon Pulse has significantly strengthened its best-in-class news reporting team by bringing aboard two more expert hires – one previously the lead energy analyst with The Economist Intelligence Unit (EIU), and the other a lead negotiator for Article 6 of the Paris Agreement.

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Japan ministries sign off on carbon trading plans, voluntary approach likely

Published 14:21 on August 25, 2021  /  Last updated at 14:21 on August 25, 2021  /  Asia Pacific, International, Japan, New Market Mechanisms, Other APAC, Voluntary Market  /  No Comments

Japan’s Economy, Trade and Industry (METI) and Environment (MoE) ministries have signed off on separate interim plans for a carbon pricing mechanism, with the former’s proposal based around a voluntary baseline-and-crediting scheme as well as access to offsets generated home and abroad appearing to be the frontrunner.

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Sweden partners with certifier Gold Standard on Article 6 work

Published 14:05 on August 25, 2021  /  Last updated at 14:05 on August 25, 2021  /  EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Sweden has teamed up with carbon project certifier Gold Standard to support its work procuring international credits under Article 6 of the Paris Agreement.

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Swiss Re strikes $10 mln deal for DAC removal units

Published 14:02 on August 25, 2021  /  Last updated at 14:02 on August 25, 2021  /  EMEA, New Market Mechanisms, Switzerland, Voluntary Market  /  No Comments

Reinsurance giant Swiss Re has agreed to pay $10 million to be supplied with carbon removals units over ten years from Swiss-based direct air capture (DAC) specialists Climeworks, the companies said on Wednesday.

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Myanmar submits revised Paris pledge strong on REDD, including Article 6 programme

Published 22:06 on August 24, 2021  /  Last updated at 22:06 on August 24, 2021  /  Asia Pacific, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South Korea  /  No Comments

Myanmar has submitted a revised NDC to the UN featuring its first mitigation goals and specifically referencing a South Korean programme it intends to develop under the Paris Agreement’s Article 6 international trading provision.

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VCM Report: VER bull run peters out as participants question rapid rise

Published 19:13 on August 23, 2021  /  Last updated at 22:29 on August 23, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised voluntary emissions reduction (VER) values retraced from record highs on the spot and futures markets last week, as traders and project developers thought the swift rise in voluntary carbon market (VCM) prices over the late summer months was due for a step back.

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Switzerland pitches its Article 6 deals to voluntary carbon market

Published 20:40 on August 19, 2021  /  Last updated at 20:40 on August 19, 2021  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

Switzerland’s bilateral emissions trading deals under the Paris Agreement’s Article 6 can provide a lower-risk framework for the voluntary market to develop carbon-cutting projects, the Swiss government said on Thursday.

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CORRECTION – ART programme upgrades REDD standard for low deforestation jurisdictions, emissions removals

Published 17:39 on August 19, 2021  /  Last updated at 17:29 on August 20, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) programme finalised the new version of its deforestation reduction standard on Thursday, setting out new methods for recognising and crediting high-forest, low-deforestation (HFLD) jurisdictions, Indigenous territories, and emissions removals.

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Sweden makes second swoop for Article 6 projects, this time in Ghana

Published 08:42 on August 19, 2021  /  Last updated at 08:42 on August 19, 2021  /  Africa, EMEA, International, New Market Mechanisms, REDD  /  No Comments

Sweden is inviting carbon-cutting projects in Ghana to bid to deliver Paris Agreement-era carbon credits to the Nordic nation, the country’s second such call.

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