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COP25: Indonesia to set up national ETS by 2024, pilot next year -official

Published 17:24 on December 6, 2019  /  Last updated at 17:36 on December 6, 2019  /  Asia Pacific, Other APAC  /  No Comments

Indonesia plans to launch a pilot emissions trading scheme for its power and industry sectors next year aiming to transition to full market no later than 2024, a government official said at the sidelines of UN climate talks in Madrid.

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COP25: With the rules still in flux, governments and businesses scramble to pioneer Paris carbon markets

Published 18:47 on December 5, 2019  /  Last updated at 15:52 on December 6, 2019  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

Businesses and governments on the sidelines of the Madrid climate talks are busy building the foundations for a Paris era international carbon market and carving out a role for themselves, even as delegates remain gridlocked in negotiations over the rules.

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COP25: Voluntary carbon market doubles to near-record volume in 2018, though prices flat -report

Published 16:07 on December 5, 2019  /  Last updated at 23:35 on December 5, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon trade worldwide doubled in 2018 to approach record levels at near 100 MtCO2e, as forest projects took a lead amid heightened demand but offset prices remained flat, researchers found in a report published on Thursday.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Should forest offsets be eligible for CORSIA?

Published 18:20 on December 3, 2019  /  Last updated at 18:20 on December 3, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.

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PREVIEW COP25: UN carbon market talks to take centre stage in Madrid

Published 01:00 on November 30, 2019  /  Last updated at 23:04 on December 2, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, 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

Officials from nearly 200 governments arrive at COP25 in Madrid next week to hammer out the rules for international emissions trade under the Paris Agreement, with several testing issues remaining from last year when disagreements nearly threw off a wider deal on the 2015 pact.

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None of 14 offset standard contenders meet CORSIA aviation scheme criteria -report

Published 15:09 on November 27, 2019  /  Last updated at 23:27 on November 27, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

None of the 14 carbon credit standards that have applied for eligibility under the UN’s global CORSIA aviation offsetting scheme meet the criteria set out by governments, while some of the candidates may not even be considered offset programmes.

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ECOSYSTEM MARKETPLACE: Shades of REDD+ Nesting – A good or bad piece of Swiss cheese?

Published 23:27 on November 25, 2019  /  Last updated at 23:28 on November 25, 2019  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

There was a time when people thought that forests were the low-hanging fruit of the climate challenge, and that reducing emissions from deforestation was fast, easy, and cheap. No one thinks that anymore.

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World on track to put record 3% dent in coal consumption -report

Published 11:38 on November 25, 2019  /  Last updated at 09:52 on November 26, 2019  /  Americas, Asia Pacific, China, China's National ETS, EMEA, EU ETS, International, Japan, Other APAC, South Korea, US  /  No Comments

Global electricity production from coal is on track for a record drop of 3% year-on-year in 2019 amid lower electricity demand and a rapid increase in renewables and nuclear power, a report said Monday, with even numbers in China falling.

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ANALYSIS: Experts divided on CORSIA aviation offset supply estimates, with CDM renewal risk in focus

Published 20:18 on November 15, 2019  /  Last updated at 20:18 on November 15, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, 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, US, Voluntary Market  /  No Comments

Experts are differing greatly on the potential supply of eligible carbon credits that could be available under ICAO’s global aviation offset scheme, and specifically on the amount of available CDM units, which are poised to play a key role.

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GCF approves funding for host of forest carbon projects

Published 10:05 on November 13, 2019  /  Last updated at 19:40 on November 13, 2019  /  Africa, Americas, Asia Pacific, China, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The Green Climate Fund board on Wednesday approved $308 million in funding for new projects, of which over 40% will go to forest carbon projects, although the World Bank’s International Finance Corporation withdrew an application for a controversial REDD bond scheme.

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