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South Africa’s parliament approves long-awaited carbon tax bill

Published 17:32 on February 19, 2019  /  Last updated at 17:32 on February 19, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

South Africa’s parliament on Tuesday approved the country’s long-awaited carbon tax bill, clearing a key hurdle in keeping the measure on track to enter into force this spring.

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Climate Action Reserve launches mitigation programme based on forecasted emissions reductions

Published 22:59 on February 13, 2019  /  Last updated at 01:57 on February 14, 2019  /  Americas, Canada, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Companies will be able to show emission mitigation efforts for future economic developments under a new programme launched Wednesday by California-based offset registry Climate Action Reserve (CAR), a departure from traditional offset activities that award credits after achieving reductions.

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California issues nearly 425k offsets as forestry projects net majority

Published 22:39 on February 13, 2019  /  Last updated at 01:47 on February 14, 2019  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California regulator ARB issued nearly 425,000 California Carbon Offsets (CCOs) this week, with a majority of the credits going to two existing forestry offset projects.

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ECOSYSTEM MARKETPLACE: Former UNFCCC boss Yvo de Boer still working the climate puzzle, but from a different angle

Published 00:05 on February 13, 2019  /  Last updated at 00:05 on February 13, 2019  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.

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World Bank carbon fund inks first REDD payment deals

Published 19:06 on February 12, 2019  /  Last updated at 20:46 on February 12, 2019  /  Africa, Americas, Australia, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.

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CARBON FAST FORWARD: A new series of regional carbon market conferences

Published 22:37 on February 11, 2019  /  Last updated at 22:37 on February 11, 2019  /  Bavardage, Climate Talks, Conversations, EMEA, EU ETS, International, New Market Mechanisms, Views, Voluntary Market  /  No Comments

Carbon Forward is launching a series of regional European carbon market conferences to help delve deeper into the issues affecting companies with exposure to the EU Emissions Trading System (ETS).

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WITHDRAWN-South Africa’s long-awaited carbon tax may see further delay -PwC

Published 17:37 on February 11, 2019  /  Last updated at 13:55 on February 12, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

**This story has been withdrawn due to inaccurate information published Feb. 8 by PwC. The consulting firm’s comments were based on an old version of South Africa’s carbon tax bill.**

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South African carbon tax bill heads for parliament vote after committee approval

Published 21:52 on February 5, 2019  /  Last updated at 21:52 on February 5, 2019  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

A South African parliamentary committee on Tuesday approved the country’s carbon tax bill, moving the long-awaited levy a step closer to becoming law.

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French, Indian firms awarded UN offsetting contracts in 2018

Published 22:17 on February 4, 2019  /  Last updated at 22:17 on February 4, 2019  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The UN has awarded two contracts to buy a total 140,800 Gold Standard CERs to offset the organisation’s annual emissions.

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Oil major BP joins rival Shell in beefing up climate disclosure

Published 18:07 on February 1, 2019  /  Last updated at 18:07 on February 1, 2019  /  Americas, Asia Pacific, EMEA, International, Voluntary Market  /  No Comments

Oil major BP has bowed to investor pressure by agreeing to disclose more information about how it views the climate risk of its operations, though it rejected campaigner calls to set emission targets for its products.

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