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Strong rebound risks cancelling out COVID-era emissions drop -IEA

Published 07:04 on March 2, 2021  /  Last updated at 10:04 on March 2, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.

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World’s climate pledges falling far behind target, UN report shows

Published 13:00 on February 26, 2021  /  Last updated at 11:53 on February 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, UK ETS  /  No Comments

Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.

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Swiss initiative taps trading firms to steer growth in climate neutral commodities

Published 09:46 on February 22, 2021  /  Last updated at 18:34 on February 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Switzerland, Voluntary Market  /  No Comments

A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.

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Offset developer ecosecurities tilts to forestry as market shifts toward removals

Published 14:42 on February 16, 2021  /  Last updated at 18:12 on February 16, 2021  /  Americas, Asia Pacific, Bavardage, EMEA, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

Carbon offset project developer ecosecurities will focus on nature-based activities after years of pursuing varied approaches, and is considering teaming up with major producers to develop initiatives at scale.

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Switzerland sets dates for final auction of Phase 2 carbon allowances

Published 20:04 on January 29, 2021  /  Last updated at 00:17 on January 30, 2021  /  EMEA, EU ETS, Switzerland  /  No Comments

Switzerland has set the dates for its final auction of Phase 2 (2013-20) carbon allowances.

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World’s compliance carbon markets increased 19% in value to $279 bln in 2020 -report

Published 22:29 on January 26, 2021  /  Last updated at 23:32 on January 26, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Mexico, New Zealand, Other APAC, South Korea, Switzerland, UK ETS, US  /  No Comments

Global compliance-based carbon markets increased in value by nearly a fifth in 2020 to €229 billion ($279 bln), according to analysts at Refinitiv, flagging a fourth consecutive annual rise and a fivefold jump within three years as the programmes shrugged off the effects of the COVID-19 pandemic.

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Trading house Trafigura to consider offsets to help meet its first GHG goal

Published 12:32 on January 6, 2021  /  Last updated at 00:27 on January 7, 2021  /  EMEA, International, Shipping, Switzerland, Voluntary Market  /  No Comments

Commodities trader Trafigura set its first emissions reduction target on Wednesday, aiming to cut its scope 1 and 2 emissions by at least 30% under 2020 levels by the end of its 2023 financial year.

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ANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters 

Published 23:00 on January 5, 2021  /  Last updated at 02:02 on January 6, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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First Swiss aviation carbon allowance auction sells out

Published 13:35 on December 14, 2020  /  Last updated at 16:27 on December 14, 2020  /  Aviation/CORSIA, EMEA, EU ETS, International, Switzerland  /  No Comments

The first ever auction of Swiss aviation carbon allowances has sold out, the government announced Monday.

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