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Brazil looks to swap World Cup publicity for carbon credits

SAO PAULO, April 15 (Reuters) - Brazil, looking to offset the carbon emissions generated by construction, travel and other activities related to hosting the 2014 Soccer World Cup, said on Tuesday it wants holders of United Nations-backed carbon credits to swap them for publicity during the games.

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Sweden scales up CO2 credit buying to fund cleaner cooking in Africa

LONDON, April 9 (Reuters) - Sweden has agreed to buy at least 4 million U.N.-backed carbon credits at above market rates from projects that will distribute more than half a million household cookers across African nations, the government said on Wednesday.

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Chile follows Mexico and wants to tax carbon emissions

SAO PAULO, April 4 (Reuters) - Chile's government wants to impose a tax on carbon dioxide (CO2) emissions from thermal power plants, the second major economy in Latin America to resort to environmental taxation to discourage the use of carbon-intensive fuels.

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Mining giant Chile prepping carbon tax to curb CO2 emissions

SANTIAGO, March 31 (Reuters) - Chile's new center-left government said it is poised to unveil a tax on carbon emissions to boost the use of less polluting energy sources and fight climate change.

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REDD+ forest deal snubs private sector, investors say

LONDON, March 21 (Reuters) - An international deal setting rules on financing projects to protect forests in developing nations does not go far enough to include the private sector, two investor groups said, warning that without corporate involvement the programme will fail.

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Vale, Braskem to enter cap-and-trade simulation in Brazil

SAO PAULO, March 13 (Reuters) - Some of the largest Latin American corporations including mining company Vale and financial conglomerate Itau Unibanco, will take part in a nine-month simulation of a cap-and-trade system in Brazil starting on Friday.

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Costa Rica opposition group says to scrap 2021 carbon neutrality target

SAO PAULO, March 7 (Reuters) - Costa Rica's leading opposition group, PAC, expected to win a four-year presidential term next month, will drop the country's commitment to carbon neutrality by 2021, an official said.

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South Africa delays to 2016 new carbon tax

CAPE TOWN, Feb 26 (Reuters) - South Africa will delay the introduction of a carbon tax by one year to 2016, tweaking its policies to better protect industry from a proposed tax price of 120 rand per ton of carbon equivalent, finance minister Pravin Gordhan said on Wednesday.

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Darfur cookstove project earns Sudan's first carbon credits

LONDON (Thomson Reuters Foundation) - An efficient cookstoves project in Darfur has been issued with Sudan’s first-ever carbon credits, in an effort to boost climate finance reaching poorer countries.

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Fund invests in Kenya forest project, boosts U.N. scheme

Feb 19 (Reuters) - Luxembourg-based Althelia Climate Fund has invested $10 million in a Kenyan project that is part of a United Nations scheme to take a market-based approach to curbing destruction of forests in developing nations.

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CDM executive board elects Barbados scientist Sealy as chair

LONDON, Feb 18 (Reuters) - A panel overseeing the United Nations' carbon market has elected a scientist from the Caribbean as its new chair with a German climate policy expert as deputy, the U.N.'s climate change secretariat said.

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Microsoft buys carbon credits from Madagascar rainforest

LONDON (Thomson Reuters Foundation) - Madagascar's government has agreed to sell forest-related carbon credits to Microsoft and Zurich's zoo, which will help protect the Makira National Park, in the first sale of state-owned REDD+ credits in Africa, according to the group that manages the park.

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Carbon jitters push rural Kenya toward conservation payments

NAROMORU, Kenya (Thomson Reuters Foundation) - Purity Irungu and the other womenfolk of Kamangura village used to trek the 10km to Gathiuru forest in central Kenya each day to gather wood for cooking.

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Brazil's Sao Paulo state delays plan on local carbon market

SAO PAULO, Feb 12 (Reuters) - Brazil's richest and most populous state, Sao Paulo, has indefinitely put on hold plans to implement a local carbon market, after failing to find ways to cap emissions, particularly in the energy sector, the official in charge of the program said on Wednesday.

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Bloomberg to plug mayors' climate progress to motivate world leaders

UNITED NATIONS, Feb 5 (Reuters) - Former New York Mayor Michael Bloomberg aims to use his new role as U.N. envoy on cities and climate change to help "frustrated" U.N. chief Ban Ki-moon motivate world leaders to cut greenhouse gas emissions by showing them progress made by large cities.

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Billions needed to fund deforestation prevention plan -report

SAO PAULO, Feb 3 (Reuters) - Donor nations, rainforest-rich countries and multilateral institutions will have to spend tens of billions of dollars in the next few years to ensure that nations undergoing deforestation will have incentives to halt the practice, a report released on Monday said.

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World may have to suck gases from air to meet climate goals-UN

OSLO, Jan 15 (Reuters) - Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft U.N. report showed on Wednesday.

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Wanted: major investors to spend 'clean trillion' on climate

NEW YORK, Jan 15 (Reuters) - Major institutional investors will need to ratchet up their investment in clean energy to achieve the massive funding goals necessary to avert catastrophic climate change, according to a report released on Wednesday by investment group Ceres.

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REDD programme reopens in Panama, learns lessons

LONDON (Thomson Reuters Foundation) - A U.N. programme aimed at protecting Panama's forests has been reopened after being suspended earlier this year due to disagreement between indigenous forest communities and the Central American nation's government over how the scheme was being managed.

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Sweden to buy 500,000 CO2 credits from Uganda cookstove project

LONDON, Dec 11 (Reuters) - Sweden will buy 500,000 U.N.-backed carbon offsets from a clean cookstove project in Uganda by 2021, the developer of the scheme said on Wednesday.

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Japan, Costa Rica sign carbon offset deal

LONDON, Dec 9 (Reuters) - Japan and Costa Rica said they had agreed to launch a scheme allowing Japanese companies to earn carbon credits by providing goods and services that the Central American nation will use to cut greenhouse gas emissions.

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Rich nations spurn call to use history to guide UN climate deal

WARSAW, Nov 15 (Reuters) - The European Union and the United States this week opposed a call by developing countries to measure each nation's historical responsibility for global warming to guide a U.N. deal in 2015 to cut future greenhouse gases.

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Brazilian bank BTG Pactual makes two energy hires in London-source

LONDON, Nov 15 (Reuters) - Brazilian investment bank Grupo BTG Pactual SA has hired two former Barclays Plc and Goldman Sachs Group Inc traders to manage its energy funds at the company’s London office, a source at the firm said on Friday.

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 Brazil government figures confirm spike in Amazon deforestation

RIO DE JANEIRO, Nov 14 (Reuters) - Deforestation in the Amazon increased by nearly a third over the past year, according to Brazilian government figures released on Thursday, confirming a feared reversal in what had been steady progress over the past decade against destruction of the world's largest rainforest.

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Brazil greenhouse gas emissions down 4.9 pct in 2012 —report

SAO PAULO, Nov 7 (Reuters) - Brazil’s greenhouse gas emissions (GHG) fell 4.9 percent in 2012 as declining deforestation rates and a drought-induced drop in cattle herds outweighed increased emissions from the energy sector, an independent study showed on Thursday.

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World Bank urges better cookstoves in developing states to curb deaths

OSLO, Nov 4 (Reuters) - Simple measures to reduce pollution from cooking stoves in developing nations could save a million lives a year and help slow global warming, a World Bank study showed on Monday.

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Costa Rica aims to sell 16 mln tns carbon credits on new exchange

SAN JOSE, Nov 1 (Reuters) - Costa Rica expects to sell 16 million tonnes of carbon credits over eight years on its new carbon exchange, Latin America's first, a venue that allows polluters to offset their emissions with permits they can buy.

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EU says 73 countries exempt from new aviation CO2 rules

LONDON, Oct 23 (Reuters Point Carbon) – Flights between the EU and 73 mostly developing countries will be exempt from Europe’s Emissions Trading Scheme under new rules proposed by the European Commission, according to documents released Wednesday.

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New bank to handle Costa Rica’s carbon credits trading

SAO PAULO, Oct 22 (Reuters Point Carbon) – Costa Rica has created a new financial institution to handle the expected trading of carbon credits among companies and public institutions that have joined the country’s aim to reach zero carbon emissions.

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 Sweden to buy 500,000 cookstove CO2 credits

LONDON, Oct 9 (Reuters Point Carbon) – Sweden will buy 500,000 U.N.-backed carbon offsets from a clean cookstove project in Ghana over the next three-to-four years, the developer of the scheme said late Tuesday.

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