FEATURE: Voluntary carbon market lacks mechanism to purge disreputable actors
Voluntary carbon market (VCM) institutions, ranging from registries to ratings agencies and insurers, are often unable to weed out bad actors in repeated infringements with industry standards, lacking consistent policies or criteria to do so, market players told Carbon Pulse.
Read MoreEgypt seen opting for voluntary carbon market rather than CO2 tax -media
Egypt officially launched its regulated voluntary carbon market (VCM) this month, weeks after reports that the cabinet was working on late-stage drafts of carbon tax regulations, and the VCM-based incentive system could ultimately supplant taxation, according to local media reports.
Read MoreINTERVIEW: Investors’ growing demand for Africa’s natural assets can plug gap in long-term conservation
Investors’ demand for natural assets in Africa is increasing, with the private sector set to play an important role in bridging the gap in long-term land conservation in the region, the CEO of a conservation investment group has told Carbon Pulse.
Read MoreCameroon opens tender for support in development of national carbon market
Cameroon has opened a tender for support, via the UN Development Programme (UNDP), in establishing a national framework for carbon market and climate finance, with a focus on Article 6 engagement.
Read MoreZimbabwe evaluates voluntary carbon credit potential in industrial hemp farming
Government stakeholders and private sector representatives met in Harare, Zimbabwe this week to discuss strategies to generate carbon credits from hemp production, according to local media.
Read MoreDRC confirms withdrawal plans for oil exploration in key peatland, forest carbon areas
The Democratic Republic of Congo (DRC) has stepped back from plans to auction oil concessions on protected areas in the Congo Basin with carbon project potential, according to a press release.
Read MoreReforester in Ghana signs deal with carbon financier to boost credit supply
A carbon financier has gained exclusive access to 371,000 voluntary credits from reforestation projects in Ghana, which can now provide Internationally Transferred Mitigation Outcomes (ITMOs) to Singapore, it said Wednesday.
Read MoreINTERVIEW: UK developer receives first carbon credits from Verra’s new clean cooking methodology
A London-based investment management company and climate project developer has become the first to receive carbon credits under Verra’s latest cookstoves methodology, VMR0006 version 1.2, the company confirmed to Carbon Pulse.
Read MoreMalawi authorises ITMOs from cookstove carbon project
Malawi’s Ministry of Natural Resources and Climate Change (MNRCC) has provided a Letter of Authorisation (LoA) that permit up to 1.4 million carbon credits to be issued to a cookstoves project in the country and then be correspondingly adjusted under Article 6.2 of the Paris Agreement.
Read MoreSweden, Zambia sign Article 6 MoU
Sweden and Zambia have signed a memorandum of understanding (MoU) for bilateral climate cooperation under Article 6.2 of the Paris Agreement, according to a statement by the Swedish Energy Agency (SEA) on Tuesday.
Read More