Responsible use of Article 6 lacking in key buyer, seller countries -analysis
At least four countries using the Paris Agreement’s Article 6 carbon markets mechanisms risk undermining, rather than strengthening, global climate action, according to an analysis published on Tuesday.
Read MoreVCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
Read MoreIndonesia targets export sale of 30 mln forestry carbon credits in July
Indonesia is looking to launch an international sale of forestry carbon credits next month, offering more than 30 million tonnes of emission reductions to global buyers, according to officials.
Read MoreVerra reinstates four more Chinese projects after review
Carbon standard Verra has reinstated four additional Chinese forestry and grassland carbon projects following a review of their government authorisations, according to a developer.
Read MoreScientists say 15% of global warming lies outside Kyoto-era climate ‘basket’, urge overhaul
Climate policies are overlooking up to 15% of global warming because they focus on a decades-old “basket” of greenhouse gases while ignoring other pollutants that indirectly heat the planet, according to a new paper.
Read MoreSingapore inks carbon market verification deals with Verra, Gold Standard
Singapore has signed cooperation agreements with carbon credit standards Verra and Gold Standard to expand the city-state’s role in project validation and verification, according to an announcement made Friday.
Read MoreINTERVIEW: India carbon market needs legal clarity on credit use before launch, lawyers say
India’s budding carbon market needs additional legal clarity before trading begins later this year, according to a legal expert who said current regulations have created ambiguity on whether compliance entities can use credits generated in the voluntary market.
Read MoreIndia carbon credit startups struggle for capital despite growing ambitions
India’s carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.
Read MoreGroups call for suspension of first PACM credits over Myanmar junta ties, human rights concerns
The first batch of carbon credits issued under the Paris Agreement’s Article 6.4 mechanism are linked to institutions controlled by Myanmar’s military junta and may have been verified under conditions that made independent oversight impossible, a report claimed on Thursday.
Read MoreINTERVIEW: Thailand’s ETS compliance phase unlikely before 2030 as key market rules remain undecided
Thailand’s parliament is expected to pass its Climate Change Act sometime in 2027, but the planned emissions trading system (ETS) is unlikely to impose compliance obligations until close to 2030, according to a legal expert who said many important design features remain undecided.
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