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Record batch of Colombian CERs cancelled by emitters against country’s carbon tax

Published 23:06 on July 20, 2018  /  Last updated at 23:06 on July 20, 2018  /  Americas, Carbon Taxes, International, Kyoto Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

A record batch of Colombian CERs were voluntarily cancelled this week for use by local emitters against the country’s carbon tax.

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Ex-BP environmental head sets up US firm to trade biofuels, forest carbon

Published 14:57 on July 5, 2018  /  Last updated at 14:57 on July 5, 2018  /  Americas, Asia Pacific, Bavardage, Canada, EMEA, International, REDD, US, Voluntary Market  /  No Comments

The former head of environmental products trading at oil major BP has left to set up a US-based firm specialising in biofuels and forest carbon assets.

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GCF talks collapse, chief resigns as US funding hole looms larger

Published 14:35 on July 4, 2018  /  Last updated at 05:19 on July 5, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, REDD  /  No Comments

A four-day meeting of the Green Climate Fund (GCF) board broke on Wednesday without taking any major decisions, as rich and poor nations rowed and failed to tackle how to replenish the GCF’s rapidly depleting funds currently lacking a US contribution.

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Mayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme

Published 20:22 on June 29, 2018  /  Last updated at 20:59 on June 29, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.

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ICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out

Published 00:37 on June 28, 2018  /  Last updated at 19:51 on June 29, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.

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Brazil government urged to start an ETS, slowly

Published 21:51 on June 21, 2018  /  Last updated at 21:51 on June 21, 2018  /  Americas, REDD, South & Central  /  No Comments

Brazil’s government should introduce an emissions trading system starting with extensive free allocation and a $10/tonne price ceiling, according to an academic study commissioned by business groups.

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Ben & Jerry’s customers scoop up REDD credits in retail offsetting initiative

Published 15:41 on May 24, 2018  /  Last updated at 15:41 on May 24, 2018  /  Americas, EMEA, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Ice cream maker Ben & Jerry’s is piloting an initiative where customers automatically offset the footprint of their retail purchases through buying Peruvian forestry offsets via blockchain technology.

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Voluntary carbon market unwise to continue outside blurred lines of Paris Agreement, experts warn

Published 22:47 on May 23, 2018  /  Last updated at 22:47 on May 23, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Voluntary carbon market developers risk being crowded out of existence by increasingly expansive climate policies worldwide unless they quickly work out a way to earn revenues within the scope of the Paris Agreement, experts said at an event on Wednesday.

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Future of global carbon markets rests on China success -survey

Published 10:00 on May 22, 2018  /  Last updated at 09:03 on May 22, 2018  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, US, Voluntary Market  /  No Comments

The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.

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Peru agrees to ‘nest’ Althelia’s REDD projects into its Paris efforts

Published 22:10 on May 21, 2018  /  Last updated at 22:10 on May 21, 2018  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Peru’s government has agreed to ‘nest’ two REDD projects financed by fund Althelia, claiming a global first that enables the developers to sell carbon credits abroad while later integrating with the government’s Paris emission pledge.

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