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Simply put, a carbon credit is a certificate representing one tonne of carbon dioxide avoided, reduced, or removed from the atmosphere. Organisations buy them to offset emissions, voluntarily or to meet regulatory obligations. Compliance markets, which operate under mandatory regulatory carbon reduction regimes, such as the Emissions Trading Systems of the European Union and the UK, are intended to limit the maximum allowable emissions and incentivise further reductions. The credits exchanged here are mostly known as allowances, or the right to emit carbon without incurring fines. Voluntary carbon markets have emerged to accommodate the trade in credits outside these legally…

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Prime Minister of CanadaCanada announces new partnership with Germany on critical minerals and energyToday, in Berlin, Canada and Germany signed a Joint Declaration of Intent to deepen co-operation to secure critical mineral supply chains,….5 days ago Source link

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In recent years, the intersection of agriculture and carbon markets has garnered significant attention, particularly as societies focus on achieving sustainability and mitigating climate change. A pivotal study by Cho, Yu, and Ampatzidis highlights how various stakeholders engage with carbon markets within the agricultural sectors of South Korea and the United States. This research underscores not only the comparative dynamics of these two nations but also the pathways to effectively connect agricultural stakeholders with evolving carbon market opportunities. The framework of carbon markets offers a unique mechanism for enhancing sustainability in agriculture. By enabling farmers to sell carbon credits generated…

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Prime Minister of CanadaCanada announces new partnership with Germany on critical minerals and energyToday, in Berlin, Canada and Germany signed a Joint Declaration of Intent to deepen co-operation to secure critical mineral supply chains,….5 days ago Source link

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Mr. Nguyen Tuan Quang, Deputy Director General of the Department of Climate Change, Ministry of Agriculture and Environment Cooperation under Article 6.2 of the Paris Agreement, especially within the framework of the Joint Crediting Mechanism (JCM) between Vietnam and Japan, has proven to be a highly-effective tool for achieving greenhouse gas emission reductions while promoting sustainable development. This mechanism not only facilitates international collaboration but also lays the foundation for countries to implement cost-effective mitigation actions and accelerate the formation of carbon markets. Following COP26 in late 2021, Article 6.2 has been shaped by a new set of international regulations,…

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