Australia announces Pacific climate aid package but struggles to convince
Australia this week will detail a A$500 million ($338 mln) climate aid package for the Pacific, Prime Minister Scott Morrison announced Tuesday, although observers were left unconvinced as long as Australia does nothing to stem its own rising GHG emissions.
Read MoreCARBON FORWARD 2019 – Stick or twist: investors came to the EU ETS, but will they go?
**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features a dedicated stream focused on the EU carbon market from an investor perspective.
Read MoreVietnam to introduce pilot carbon tax for power, cement production
Vietnam is planning to launch a two-year pilot carbon tax for thermal power generation and cement production across four provinces as it steps up market-based efforts to stymie its rapidly rising greenhouse gas emissions.
Read MoreSouth Korean firms sign major CDM deal in Bangladesh
Korea Midland Power and trading firm Ecoeye have signed a deal with subsidiaries of Bangadesh’s state-owned oil and gas firm PetroBangla to develop a CDM project that will generate some 1 million carbon credits annually for use in the South Korean emissions trading scheme.
Read MoreBRIEFING: World Bank REDD Deals
Three African nations have now signed deforestation reduction agreements under the World Bank’s Forest Carbon Partnership Facility (FCPF) that could form the base of possible international emissions trade, with more deals expected to come later this year.
Read MoreFinland to overcompensate for EU presidency flight emissions
Finland will buy 130,000 Gold Standard CERs from developer South Pole to overcompensate for flight emissions during its upcoming six-month term holding the rotating EU Presidency.
Read MoreJapan to co-fund seven new JCM projects for 3.8 mln carbon credits
Japan’s environment ministry on Thursday announced it would co-fund seven projects that it expects could generate almost 4 million carbon credits under the Joint Crediting Mechanism (JCM) by 2030.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreIndia outlines options for small-scale industry carbon market
India has decided to proceed with a voluntary carbon market for its small-scale industrial sector and has outlined options for what the programme might look like, while pausing plans to include the waste sector.
Read MoreKorean firms eye Myanmar mangrove CDM project
South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.
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