CDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit
The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.
Read MoreCOMMENT – Wanted: Team coach for the Green Climate Fund
Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment — with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI’s take on how they could.
Read MoreUNFCCC pulls offsetting promotion after being accused of mocking low-carbon lifestyle changes
The UN’s climate division hastily pulled a social media campaign and accompanying video relaunching its voluntary offsetting platform on Wednesday, just hours after the ad was panned by campaigners and other viewers for mocking people’s efforts to lead a low-carbon lifestyle.
Read MoreRise of international compliance markets will still accommodate voluntary carbon offsets -experts
Several opportunities will still exist for voluntary market participants to develop and sell offsets over the next decade as more global compliance mechanisms come online, according to experts.
Read MoreCOMMENT: New CDM issuance rules penalise developers and discriminate against smaller companies
The UNFCCC’s Clean Development Mechanism (CDM) has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. But recent decisions by the UNFCCC risk alienating may of the companies whose activities support this mechanism and discriminate against smaller enterprises.
Read MoreL’Oreal, Nespresso detail strategies for reducing supply chain emissions
Companies are increasingly looking to carbon ‘insetting’ to blend corporate climate targets with attention to resiliency and co-benefits, according to two European-based entities speaking at a webinar on Monday.
Read MoreICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.
Read MoreNumber of deregistered CDM projects doubles
The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.
Read MoreGermany, World Bank gear up for €20m N2O offset auction
The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.
Read MoreRETRACTED – South African cabinet approves carbon tax proposal, bringing long-delayed bill a step closer to passage
This story has been retracted. South Africa’s cabinet approved a separate bill – the National Climate Change Bill – for publication and public comment. The government said this bill includes new measures to cut the country’s GHGs, including provisions for mitigation and adaptation measures, as well as instruments such as carbon budgets. While the details of the bill are vague as it is not yet available online, it does not specifically address South Africa’s proposed carbon tax, which remains under review.
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