UN REDD+ results’ debate lingers as fresh criticism surfaces on forest conservation efforts
Another organisation has condemned the use as carbon offsets of REDD+ “results units” issued under the UN’s Warsaw Framework, prompting the coalition promoting the concept to hit back against the “atmospheric garbage” currently for sale on the voluntary carbon market.
Read MoreResearchers tout plans for Congo Basin to rival Amazon in scientific research
Plans are underway to boost scientific research into the Congo Basin, the second largest rainforest and the most efficient carbon sink in the world, to the same level as the Amazon, a webinar heard Thursday.
Read MoreCOMMENT: One Planet, One Paris Agreement, One Carbon Standard and Accounting System
Concerns over the quality of carbon credits from Verra’s forestry projects are making headlines again, calling into question the validity of REDD+. This is a shame since ending deforestation is key to achieving a 1.5C world. But there is a solution, the UNFCCC REDD+ mechanism, write Kevin Conrad and Federica Bietta of the Coalition for Rainforest Nations (CfRN).
Read MoreVCM Report: Nature-based contracts crash lower amid lack of prompt demand
Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.
Read MoreUN posts Gabon’s REDD results, paving way for potentially huge national-scale carbon credit issuance
The UN late on Wednesday posted Gabon’s REDD forest protection results over the past decade, the final procedural step that paves the way for the world’s biggest carbon credit issuance.
Read MoreEEX looks to market sovereign REDD.plus credits after Xpansiv departed
German-based exchange EEX looks set to fill the gap left by Xpansiv last month after the latter dropped plans to host carbon units from sovereign forestry conservation platform REDD.plus.
Read MoreCOP27: South Korea, Gabon flag potential Article 6 partnership
Gabon has flagged the potential for a partnership with South Korea, whereby the African nation would provide carbon credits that is said could be used under Article 6.2 of the Paris Agreement to help meet climate goals.
Read MorePREVIEW – COP27: What the Sharm el-Sheikh talks will mean for carbon markets
UN climate talks opening in Egypt this week are unlikely to have the same emphasis on carbon markets as last year’s Glasgow summit, but experts expect development on crucial details underlying Article 6 of the Paris Agreement and how it impacts the voluntary carbon market (VCM) and global climate policy.
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