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BHP Billiton updates climate targets, eyes REDD+ credits

Published 07:42 on September 11, 2020  /  Last updated at 00:47 on September 16, 2020  /  Asia Pacific, Australia, International, REDD, Voluntary Market  /  No Comments

Australia-headquartered mining firm BHP Billiton on Friday announced new medium-term emissions targets and said it is in the process of acquiring more carbon credits from two REDD+ projects as part of its new offset strategy.

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INTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards

Published 00:15 on September 8, 2020  /  Last updated at 11:29 on September 8, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.

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New private sector taskforce seeks massive scale-up for voluntary carbon market

Published 22:21 on September 2, 2020  /  Last updated at 22:35 on October 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.

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CORSIA impacts weighing on otherwise resilient voluntary offset prices -developer

Published 23:14 on September 1, 2020  /  Last updated at 23:14 on September 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.

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CBL Markets introduces CORSIA-aligned global offset product

Published 15:39 on August 27, 2020  /  Last updated at 19:18 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.

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CORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis

Published 22:36 on August 26, 2020  /  Last updated at 00:12 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.

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New jurisdictional REDD standard may generate offsets in 2021

Published 18:59 on August 26, 2020  /  Last updated at 20:46 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.

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HSBC, Pollination team up to launch world’s largest natural capital offset fund

Published 16:53 on August 26, 2020  /  Last updated at 01:34 on August 27, 2020  /  International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Climate-focused investment firm Pollination has teamed up with the wealth management arm of HSBC to develop the world’s largest fund focused on natural capital.

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GCF approves massive EBRD project to green industries in seven countries

Published 21:57 on August 21, 2020  /  Last updated at 23:14 on August 21, 2020  /  Africa, Americas, Asia Pacific, International, Middle East, REDD, South & Central, South Korea  /  No Comments

The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative’s annual budget.

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Verra offers proposal for tagging Paris-eligible carbon credits

Published 23:14 on August 18, 2020  /  Last updated at 00:09 on August 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra has released a public consultation regarding how to identify VCS credits that will be eligible for trade under the Paris Agreement, becoming the latest organisation to seek a differentiation based on whether or not host countries make corresponding adjustments to their emissions inventories.

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