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New Bank to Handle Costa Rica Carbon Credit Trading

2013-10-24 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Costa Rican Times: 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 countrys aim to reach zero carbon emissions. The initiative, called BANCO2, will assist dealings with Costa Ricas compensation units, known as UCCs, as well as with U.N.-issued carbon offsets and some types of voluntary markets credits. The bank will be a tool to help the country meet its target to become carbon neutral, but could...

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Climate change causes $1.1 billion in losses in Costa Rica, study finds

2013-09-03 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Puntarenas, on Costa Ricas central Pacific, is the province most affected by climate change, with damages in the six-year period reaching $164.5 million. Alberto Font A new report claims that climate change has caused $1.13 billion in damages in Costa Rica from 2005-2011 just under 17 percent of that in the agricultural sector. A recent study released by Costa Rican officials shows that the country has accumulated approximately $1.13 billion in losses due to climate change from 2005 to 2011,...

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VIDEO: Turtle eggs sold in Costa Rica

2013-09-03 05:36:48| BBC News | Business | UK Edition

A conservation project in Costa Rica is allowing locals to take turtle eggs from a beach during the nesting season and make money by selling them to the community.

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Costa Rica Carbon Credits Approved; Scam Warning

2013-08-19 10:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Costa Rican Times: A local carbon market will exist soon in Costa Rica, according to the Costa Rican Minister of Environment and Energy, Rene Castro, whose aim to reduce emissions. Ms. Castro informs us that they have already made a road map for the market they seek to create. The base price has already been defined as $3 per Costa Rican Compensation Unit (UCC). That amount is equal to a tonne of carbon dioxide and UCC will be a title within the MDVCC, the Voluntary Carbon Domestic Market of Costa Rica. The market...

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