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ART programme approves five Central and South American jurisdictional REDD concepts

Published 17:51 on January 4, 2021  /  Last updated at 17:55 on January 4, 2021  /  Americas, Aviation/CORSIA, International, REDD, South & Central, Voluntary Market  /  No Comments

The Architecture for REDD+ Transactions (ART) on Thursday announced it has approved the first five submissions for jurisdictional deforestation reduction programmes that may generate carbon credits for use in international emissions trade.

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Massachusetts to pursue 100% zero-emissions vehicle mandate and regional LCFS

Published 16:26 on January 4, 2021  /  Last updated at 02:34 on January 5, 2021  /  Americas, RINs & LCFS, US, Voluntary Market  /  No Comments

Massachusetts will follow California’s lead in phasing out sales of new gas-powered light-duty vehicles by 2035, as well as implementing a regional low-carbon fuel standard (LCFS) to operate alongside the Transportation & Climate Initiative (TCI) carbon market, Governor Charlie Baker’s (R) administration announced last week.

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California awards 4 mln offsets to cap off bumper 2020

Published 22:03 on December 23, 2020  /  Last updated at 22:29 on December 23, 2020  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California divvied out 4 mln compliance offsets across all four active protocols this week, according to data published by state regulator ARB Wednesday, capping off a year that saw total credit issuances under the state’s WCI-linked carbon market rise 70% over 2019 levels.

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Cheap units from emerging nations dominate voluntary offset supply, survey shows

Published 00:07 on December 19, 2020  /  Last updated at 02:13 on December 19, 2020  /  Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Low-cost offsets from emerging or developed nations dominated voluntary carbon market supply in 2019, while market participants fear efforts to standardise pricing will make premiums even harder to achieve for high quality activities, according to a report published Friday.

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World needs to cut CO2 intensity five times faster to hit 1.5C Paris goal -report

Published 00:01 on December 18, 2020  /  Last updated at 00:17 on December 18, 2020  /  Americas, Asia Pacific, EMEA, International, Voluntary Market  /  No Comments

An annual decarbonisation rate of 11.7% is now needed to keep global warming below 1.5C, representing more than five times the 2.4% reduction level reached before the pandemic, according to a report published on Friday.

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Green group EDF sees legitimate role for international offsets

Published 22:47 on December 17, 2020  /  Last updated at 00:25 on December 18, 2020  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

International offsets can make a legitimate contribution to voluntary climate action, according to green group EDF, which set out key principles on Thursday that contrast with other campaigner calls to end the practise in an increasingly uncertain sector.

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President-elect Biden to tap North Carolina regulator to lead US EPA -reports

Published 18:07 on December 17, 2020  /  Last updated at 22:20 on December 17, 2020  /  Americas, International, RINs & LCFS, US, Voluntary Market  /  No Comments

US President-elect Joe Biden is expected to nominate North Carolina environmental regulator Michael Regan to led the EPA, Reuters reported Thursday.

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NGO call to end use of international offsets meets with resistance

Published 21:13 on December 16, 2020  /  Last updated at 00:29 on December 17, 2020  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, REDD, Voluntary Market  /  No Comments

An NGO proposal to replace international offsetting with climate finance in order to avoid double claiming has been met with resistance from some in the voluntary carbon market, who fear a lack of corporate interest.

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S&P Global Platts to launch CORSIA offset price assessment

Published 19:01 on December 16, 2020  /  Last updated at 19:07 on December 16, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Wednesday announced it will begin assessing prices for carbon credits approved for use in ICAO’s global aviation offset system CORSIA, as interest in the voluntary market grows.

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BP acquires majority stake in US offset developer Finite Carbon

Published 11:26 on December 16, 2020  /  Last updated at 01:18 on December 17, 2020  /  Americas, Aviation/CORSIA, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Oil major BP has acquired a majority stake in carbon offset developer Finite Carbon, deepening its interest in the forestry-focused company and targeting a major expansion internationally.

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