Norway set to make first payment to Indonesia for halting deforestation
Norway is ready to make its first payment to Indonesia under the two nations’ 2010 agreement to halt deforestation, after the South East Asian nation reported a drop in greenhouse gas emissions from the sector in 2017.
Read MoreECOSYSTEM MARKETPLACE: Former UNFCCC boss Yvo de Boer still working the climate puzzle, but from a different angle
Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.
Read MoreFrench, Indian firms awarded UN offsetting contracts in 2018
The UN has awarded two contracts to buy a total 140,800 Gold Standard CERs to offset the organisation’s annual emissions.
Read MoreWorld Bank cuts carbon credit eligibility ahead of N2O auction
The World Bank’s Nitric Acid Climate Auction Program (NACAP) has shifted forward the eligibility cut-off date for carbon credits that can be sold in its inaugural auction, effectively reducing the pool of potentially available units.
Read MoreChina is world’s biggest funder of coal plants abroad -report
China’s public banks and corporations have become world leaders in funding coal-fired power plants, providing financing for over a quarter of the world’s new facilities while domestic limits often prevent such investments at home, a report has found.
Read MoreCOP24: UK, Italy announce bids to host 2020 UN climate talks
The UK and Italy are both vying to host the annual UN climate summit in 2020, their environment ministers announced Thursday.
Read MoreECOSYSTEM MARKETPLACE: Tropical countries far short of meeting deforestation targets
If we’re to prevent global temperatures from rising to a level more than 1.5ºC (2.7ºF) above pre-industrial levels, we must dramatically improve the way we manage our forests, farms, and fields.
Read MoreECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+
“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).
Read MoreThailand carbon market shaping up, but legal issues remain
Thailand is expecting to put in place over the next eight months a number of the elements that will make up its national carbon market, but the lengthy process of imposing a national climate change act means the programme won’t launch until after 2020.
Read MorePhilippines ditches carbon tax plans
The Philippines is abandoning plans to introduce a carbon tax, a senior government official told a conference, saying it would impose unpopular costs on consumers while doing little to reduce emissions.
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