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COP25: Growing voluntary carbon market seeks stay from Paris-era rules

Published 22:42 on December 9, 2019  /  Last updated at 23:24 on December 9, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, New Zealand, REDD, Voluntary Market  /  1 Comment

The voluntary carbon market is seeking a 5-10 year stay from emissions auditing rules to prevent a collapse in clean investment, a risk some governments say is unfounded and could even slow national climate action.

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COP25: Roundup for Monday, Dec. 9

Published 13:02 on December 9, 2019  /  Last updated at 09:55 on December 10, 2019  /  Africa, Americas, Asia Pacific, Australia, Canada, China, 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

UN climate negotiations in Madrid shift into high gear this week with the arrival of ministers from most of the nearly 200 countries attending the COP25 talks tasked with finalising work on emissions trading rules under the Paris Agreement’s Article 6. Below is a running summary of those efforts, as well as other happenings at the summit.

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COP25: Chile ETS study, CO2 tax changes may stall as beleaguered gov’t changes tack on climate action

Published 19:29 on December 8, 2019  /  Last updated at 19:31 on December 8, 2019  /  Americas, Carbon Taxes, Climate Talks, REDD, South & Central, US, Voluntary Market  /  No Comments

Plans for a Chilean cap-and-trade programme and the passage of carbon tax reforms may stall as the country’s beleaguered government rolls out a sweeping economic recovery plan and backtracks on other its other climate action efforts in response to mass protests over living costs.

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COP25: Aviation offset stakeholders hit back at report criticising CORSIA applicants

Published 15:18 on December 7, 2019  /  Last updated at 15:55 on December 7, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A recent study challenging the carbon credit standards that have applied for the global CORSIA aviation offsetting scheme made questionable interpretations of the programme’s environmental criteria, and also ran counter to UN body ICAO’s own guidance in the process, developers and brokers said Friday.

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COP25: Major powers show signs of compromise on Article 6 -sources

Published 18:48 on December 6, 2019  /  Last updated at 05:17 on December 7, 2019  /  Aviation/CORSIA, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Switzerland, Voluntary Market  /  No Comments

Major powers were showing signs of compromise on negotiating the international emissions trade rulebook under the Paris Agreement’s Article 6 on Friday, boosting prospects that a deal can be reached by the end of next week as UN talks near their halfway point.

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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 22:39 on December 9, 2019  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, 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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Spain’s Repsol to consider forestry offsets for net zero emissions pledge

Published 13:03 on December 3, 2019  /  Last updated at 23:58 on December 3, 2019  /  Climate Talks, EMEA, EU ETS, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Fossil fuel company Repsol may purchase nature-based credits in pursuit of its 2050 net zero goal announced Monday, coming as part of a broader suite of interim CO2 intensity targets, internal carbon pricing updates, and renewable energy commitments.

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COP25: UN climate conference hosts snub Article 6 in push for ambition

Published 23:01 on December 2, 2019  /  Last updated at 23:02 on December 2, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

This year’s UN climate summit hosts declined to reference Article 6 as COP25 got under way on Monday, instead launching a push on governmental ambition that observers say could give them cover should carbon trade talks flounder.

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