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IATA launches aviation carbon credit exchange, announces first trade

Published 21:03 on November 25, 2020  /  Last updated at 23:18 on November 25, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.

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Averna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder

Published 18:17 on November 25, 2020  /  Last updated at 18:26 on November 25, 2020  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

The recent acquisition by private equity firm Averna Capital of a majority stake in ClimateCare will help prepare the low-carbon project developer for massive growth in the global offset market, the company’s founder told Carbon Pulse.

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Utility Enel to cut CO2 by nearly a third over next 3 years, plans earlier coal phaseout

Published 13:37 on November 24, 2020  /  Last updated at 22:21 on November 24, 2020  /  Americas, EMEA, EU ETS, South & Central  /  No Comments

Italy-headquartered utility Enel unveiled plans on Tuesday to cut its emissions by 30% over the next three years and to bring forward its coal phaseout date by three years to 2027.

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Two CORSIA programmes approved as first REDD standards in a compliance carbon market

Published 19:25 on November 20, 2020  /  Last updated at 22:43 on November 20, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.

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Switzerland signs second carbon offset deal with Ghana

Published 13:41 on November 18, 2020  /  Last updated at 13:41 on November 18, 2020  /  Africa, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

Switzerland has agreed a bilateral deal with Ghana to purchase carbon offsets under the Paris Agreement’s Article 6, in the second such agreement announced by the European nation in as many months.

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GCF waves through REDD projects as portfolio grows

Published 19:08 on November 13, 2020  /  Last updated at 23:55 on November 13, 2020  /  Americas, International, REDD, South & Central  /  No Comments

The Green Climate Fund this week approved a $136 million payment to Argentina and Costa Rica for emissions reductions achieved over the last decade, growing its portfolio of forestry-based carbon projects.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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Colombian ETS may not begin pilot phase until 2024 -govt official

Published 21:52 on November 11, 2020  /  Last updated at 23:14 on November 11, 2020  /  Americas, South & Central  /  No Comments

Colombia may not launch the pilot phase of its cap-and-trade programme under development until 2024, while the country seeks to finish the design of the ETS by year-end, a government official said Wednesday.

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UN could start issuing Article 6 carbon credits from 2023 -researcher

Published 19:26 on November 11, 2020  /  Last updated at 14:51 on November 12, 2020  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central  /  No Comments

The UN could begin issuing carbon credits from former CDM projects under the Paris Agreement’s Article 6.4 mechanism as early as 2023, an event heard Wednesday.

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ANALYSIS: Biden election win presents numerous climate policy opportunities, though challenges loom

Published 23:50 on November 9, 2020  /  Last updated at 23:50 on November 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, Carbon Taxes, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

The projected presidential victory of Democratic nominee Joe Biden this weekend opens the door for the US government to take swift action on domestic and global climate policy during the first days of his administration, although a potentially divided Congress could stifle some of the progress necessary to achieve rapid and deep decarbonisation.  

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