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US Carbon Pricing Roundup for week ending Apr. 18, 2019

Published 21:53 on April 18, 2019  /  Last updated at 01:47 on April 19, 2019  /  Americas, US, Voluntary Market  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy at the US subnational level taken this week, including the approval of New York City’s climate bill featuring offsets and a possible carbon market, the launch of Hawaii’s first forest-based offset project, a planned hearing on a revised California offset bill, and movement on a proposal to increase Nevada’s Renewable Portfolio Standard (RPS).

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Nordic firms unite to develop voluntary market for CO2 removals

Published 23:16 on April 17, 2019  /  Last updated at 00:16 on April 18, 2019  /  EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Twenty-three mostly Nordic firms led by Finnish utility Fortum are developing a platform to create and sell GHG removal units on the voluntary carbon market, in an effort to stimulate CO2 removal applications derived from soil and from concrete and wood used in buildings.

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CORRECTION: Nations seek to shift gears on UN Article 6 carbon market talks

Published 20:01 on April 16, 2019  /  Last updated at 23:12 on April 17, 2019  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year.

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California mints 646,000 new offsets as forestry issuances remain strong

Published 23:32 on April 10, 2019  /  Last updated at 23:32 on April 10, 2019  /  Americas, Canada, US, Voluntary Market  /  No Comments

California issued more than 646,000 California Carbon Offsets (CCOs) across six projects, and forestry projects made up a bulk of the new issuances, regulator data showed Wednesday.

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ANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity

Published 23:17 on April 10, 2019  /  Last updated at 12:44 on April 11, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.

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Shell to invest $300 mln in land projects to help meet its own GHG goal

Published 19:45 on April 8, 2019  /  Last updated at 22:52 on April 8, 2019  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Oil major Shell will spend $300 million over the next three years to help meet its self-imposed short-term emission target by offering drivers the chance to offset their carbon footprint.

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Queensland government funds projects to boost state offset market

Published 10:10 on April 5, 2019  /  Last updated at 10:10 on April 5, 2019  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

The Queensland government has allocated A$1 million ($710,000) under its Land Restoration Fund to six pilot projects designed to help develop the Australian state’s carbon offset market.

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Campaigners urge governments boost funding to ‘overlooked’ landscape restoration

Published 18:45 on April 3, 2019  /  Last updated at 18:45 on April 3, 2019  /  Americas, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Governments are chronically underfunding the restoration of natural landscapes that can simultaneously tackle climate change and biodiversity loss, an international group of campaigners said Wednesday.

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CDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors

Published 02:30 on April 3, 2019  /  Last updated at 09:59 on April 3, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, South Korea, Voluntary Market  /  No Comments

The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.

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France confirms launch of GO auction in September

Published 20:25 on April 2, 2019  /  Last updated at 20:25 on April 2, 2019  /  EMEA, Voluntary Market  /  No Comments

France will begin auctioning green certificates in September, host platform EEX-owned Powernext said Tuesday in confirmation of supply that many observers expect to weigh on prices this year.

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