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Australian minister flags potential use of Asia-Pacific forest carbon credits

Published 11:03 on April 23, 2018  /  Last updated at 11:03 on April 23, 2018  /  Asia Pacific, Australia, International, Other APAC, REDD  /  No Comments

If Australia decides to open for using international carbon credits to meet its Paris target, forest offsets from the Asia-Pacific region might be among its target markets, according to Energy and Environment Minister Josh Frydenberg.

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WRI: What’s changing as countries turn INDCs into NDCs? Five early insights

Published 13:53 on April 19, 2018  /  Last updated at 13:53 on April 19, 2018  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views  /  No Comments

Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.

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Vietnam prepares to slap CO2 targets on industry to meet Paris target

Published 10:21 on April 6, 2018  /  Last updated at 10:21 on April 6, 2018  /  Asia Pacific, Other APAC  /  No Comments

Vietnam is finalising a plan that will impose CO2 caps on all sectors of the economy and possibly on individual major emitters, the Ministry of Natural Resources and Environment (MONRE) said, though it remains unclear if the South East Asian nation will go for an emissions trading scheme or a carbon tax.

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Singapore parliament approves carbon tax

Published 13:18 on March 20, 2018  /  Last updated at 13:18 on March 20, 2018  /  Asia Pacific, Other APAC  /  No Comments

Singapore’s parliament on Tuesday approved the government’s new tax on carbon emissions, meaning from next year the city state will be the first Asian nation to implement a national tax on CO2 emissions.

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Cambodia REDD project to share CO2 credit revenue with locals

Published 09:11 on March 14, 2018  /  Last updated at 18:14 on March 14, 2018  /  Asia Pacific, International, Other APAC, REDD  /  No Comments

The owners of a major REDD+ project in Cambodia have signed an agreement with 20 local villages to share the proceeds from carbon credit sales and help develop the communities.

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Southeast Asian forest carbon credits too cheap to stop logging -study

Published 09:35 on March 7, 2018  /  Last updated at 22:17 on March 7, 2018  /  Asia Pacific, International, Other APAC, REDD  /  No Comments

Forest carbon credits issued under mechanisms such as REDD+ generate only a fraction of the prices Southeast Asian foresters can earn from the rubber industry, making the units inefficient in halting deforestation and cutting greenhouse gas emissions at current levels, a new study found.

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SAVE THE DATE: Carbon Forward 2018 – Survive and thrive in the global carbon markets

Published 17:18 on March 2, 2018  /  Last updated at 17:18 on March 2, 2018  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Don’t miss the 3rd annual Carbon Forward conference and training day. Spend two days with top experts, players, and decision-makers from the global carbon markets as they address today’s most attractive opportunities and pressing challenges. And join us for the EU ETS pre-conference training day organised by carbon market experts Redshaw Advisors, where you will learn how to effectively manage your carbon risk ahead of the looming overhaul of the bloc’s emissions trading scheme.

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Carbon traders Virtuse move EU desk to Singapore, hire new trader

Published 12:17 on March 1, 2018  /  Last updated at 12:17 on March 1, 2018  /  Asia Pacific, Bavardage, EMEA, EU ETS, Other APAC  /  No Comments

Carbon trading firm Virtuse has relocated its EU trading desk to Singapore and has hired a new trader to handle that market from Asia.

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Hong Kong to launch world’s biggest sovereign green bond programme

Published 10:35 on March 1, 2018  /  Last updated at 21:38 on March 1, 2018  /  Asia Pacific, China, Other APAC  /  No Comments

Hong Kong will launch a HK$100 billion ($12.8 bln) green bond programme, the government said, making it the world’s biggest sovereign facility of its kind.

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Green Climate Fund board approves over $1b in fresh spending

Published 10:33 on February 28, 2018  /  Last updated at 01:10 on March 9, 2018  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, South & Central  /  No Comments

The board of the Green Climate Fund this week approved spending of over $900 million across 19 projects, including a large energy efficiency programme in Brazil and a private renewables scheme in India.

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