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Australia Market Roundup: Issuance slows, CDM deadlock could shift voluntary dynamics

Published 11:51 on October 9, 2020  /  Last updated at 11:51 on October 9, 2020  /  Asia Pacific, Australia, International, Voluntary Market  /  No Comments

Australian carbon credit issuances slowed to just over 250,000 units this week, while a UN impasse over the future of the CDM could have major impacts on Australia’s voluntary emissions market.

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California offset task force recommends shorter invalidation timelines, compliance limit transfers

Published 18:41 on October 8, 2020  /  Last updated at 23:19 on October 8, 2020  /  Americas, Canada, US, Voluntary Market  /  No Comments

California regulator ARB should reduce the invalidation period for offsets, allow regulated entities to trade compliance limits, and implement four new or revised protocols to incentivise additional credit usage in the state’s WCI-linked carbon market, according to a committee report published Wednesday.

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ANALYSIS: With millions at stake, Korean offset investors sweat over CDM impasse

Published 11:09 on October 8, 2020  /  Last updated at 23:35 on October 8, 2020  /  Asia Pacific, International, Kyoto Mechanisms, South Korea, Voluntary Market  /  No Comments

South Korean investors in projects expected to import tens of millions of carbon credits are tying their fortunes to a UN body that has so far dodged a decision on keeping Clean Development Mechanism (CDM) units flowing beyond this year.

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Chile targets 2023 for CO2 levy threshold changes and offset provision

Published 22:15 on October 7, 2020  /  Last updated at 22:49 on October 7, 2020  /  Americas, International, South & Central, Voluntary Market  /  No Comments

Chile is aiming to implement an overhaul to its flat $5/tonne carbon tax in 2023 that will alter the coverage threshold for emitters and allow companies to utilise offsets against an undetermined portion of their GHG output, a government official said Wednesday.

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Australia’s support for Pacific carbon markets falls short, group says

Published 09:57 on October 7, 2020  /  Last updated at 15:24 on October 7, 2020  /  Asia Pacific, Australia, International, Other APAC, Voluntary Market  /  No Comments

Australia’s 2020-21 budget includes a modest amount for supporting ocean and forest-based carbon activities in the Pacific region, but the government should do more, an industry group said Wednesday.

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Hudson Technologies and Bluesource team up to develop voluntary HFC offset projects

Published 22:55 on October 6, 2020  /  Last updated at 22:55 on October 6, 2020  /  Americas, International, US, Voluntary Market  /  No Comments

US refrigerant services provider Hudson Technologies and offset developer Bluesource announced a partnership on Tuesday to spur the creation of voluntary market carbon credit projects that reclaim high-global warming potential gases around the country.

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UN board dodges decision on ‘back door’ CDM extension into Paris era

Published 22:56 on October 5, 2020  /  Last updated at 06:48 on October 6, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, New Market Mechanisms, South Korea, Voluntary Market  /  No Comments

A move to block CDM post-2020 carbon offset activity looks set to go to the wire as officials on Monday opted to postpone until December a decision seen as a ‘back door’ threat to the UN mechanism.

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Brazil voluntary carbon programme may ease Paris double counting fears

Published 19:19 on October 5, 2020  /  Last updated at 22:32 on October 5, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, REDD, South & Central, Voluntary Market  /  No Comments

The Brazilian environment ministry (MMA) has launched a carbon-focused element of its voluntary ecosystem services market for forests that some stakeholders view as a positive sign for the country to avoid double counting emissions reductions under the Paris Agreement.

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Middle East’s Global Carbon Council resubmits CORSIA application for full eligibility

Published 23:00 on October 2, 2020  /  Last updated at 23:00 on October 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Middle East, New Market Mechanisms, Other APAC, South & Central, Voluntary Market  /  No Comments

The Qatar-based Global Carbon Council (GCC) has made several revisions to its voluntary offset programme as it seeks full eligibility under the UN body ICAO’s CORSIA international aviation offset system, according to a document posted Friday.

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San Diego County scraps climate plan after court rules against voluntary offset programme

Published 18:05 on October 2, 2020  /  Last updated at 18:06 on October 2, 2020  /  Americas, US, Voluntary Market  /  No Comments

San Diego County will begin crafting a new climate plan after a court this summer banned its voluntary offset programme for rural housing developments from the jurisdiction’s existing strategy, officials announced this week.

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