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Carbon Pulse

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Governments should offer ‘safe harbour’ to companies using high-quality carbon credits to protect them from greenwashing claims, industry body IETA has urged.

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Canada needs to evolve beyond a simple, single price on carbon emissions and look to creating markets and demand for its emerging low-carbon products, panellists said at a Toronto climate event on Wednesday.

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Coordinating the phaseout of fossil fuel production could lessen the impact and associated costs for both rich and poorer countries, leading to a fairer transition away from planet-heating products, a new report has found.

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As Canada responds to shifting economic realities, the country can pursue leadership in both decarbonisation and natural resource development, but fragmented carbon markets and policy uncertainty risk undermining investment in emissions-reduction projects, attendees heard at an event in Toronto on Wednesday.

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Panama has established a national carbon market framework introducing carbon credit registries, a future domestic emissions offsetting mechanism, and provisions for international carbon credit transfers under Article 6 of the Paris Agreement and CORSIA, according to a decree published last week.

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