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Newsflash

China to have world's 2nd largest carbon trading scheme by 2014

24th January, 2013

China will have the world's second largest carbon trading scheme by 2014, or twice as big as Australia's regime, a latest report showed Thursday.

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Carbon price of $29 'not implausible', says Blair Comley

20th January, 2013

THE head of the federal climate change department says it is "not implausible" the European carbon price could rise to $29 a tonne by mid-2015, when Australia's emissions trading scheme begins.

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VCS to support voluntary CO2 market in Colombia

Voluntary carbon market’s widely used carbon accounting program, the Verified Carbon Standard (VCS), will help Colombia develop a market for carbon offsets, making it easier for local companies to buy credits to reduce their carbon footprints. The VCS signed a partnership agreement with conservation group Fundacion Natura to foster projects to generate carbon credits and to market them to Colombia’s biggest companies, the VCS said.

The two groups will offer training to project developers, auditors and policymakers on new offset crediting mechanisms, with a focus on projects to reduce emissions from deforestation and forest degradation (REDD). VCS said it will provide guidance on the use of new crediting mechanisms for REDD.