BRIEFING: Biodiversity markets face governance concerns amid growing fragmentation
Fast growth in the biodiversity credit market is outpacing the development of robust governance frameworks, with experts stressing the need to urgently address fragmentation and integrity issues.
Read MoreANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreINTERVIEW: War pushes carbon insurers to pause cover in parts of Middle East
Armed conflict and policy uncertainty are making parts of the international carbon market harder to insure just as the EU looks to lean more on overseas credits, according to Bilal Hussain, co-founder and CEO of carbon credit insurer Artio.
Read MoreVerra issues corrections and clarifications for VM0042 carbon methodology
Verra has issued a number of corrections and clarification for version 2.2 of its VM0042 methodology for Improved Land Management that was released in October.
Read MoreAbsolute Climate launches consultation on updated carbon accounting standard
Carbon accounting firm Absolute Climate has opened a month-long public consultation on an updated version of its Absolute Carbon Standard (ACS), introducing revisions to its framework for certifying removal activities and low-carbon products amid growing scrutiny of market integrity.
Read MoreIntegrity trumps price as voluntary biodiversity market shows early signs of growth -report
Demand for voluntary biodiversity credits is being shaped more by integrity than price as the market moves from scheme design to early commercial activity, a new report has said.
Read MoreCarbon investor makes large-scale ‘staggered spot’ nature-based removals purchase
A UK-based voluntary carbon offset provider will buy nature-based removals from an afforestation, reforestation, and revegetation (ARR) project under a “staggered spot” agreement covering both issued and in-verification credits, it announced on Thursday.
Read MoreCOMMENT: Are Your Forest Carbon Projects Leaking?
Recently published research shows how estimates of leakage for forest carbon projects can be significantly improved, which is necessary for addressing an important integrity issue and building confidence in carbon markets as a tool for climate action.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreBRIEFING: Canadian CDR signal strong despite climate policy rollback
Canada’s pullback on climate policies in pursuit of energy and economic security doesn’t have to be at odds with its signal to ramp up its carbon removal (CDR) sector, industry players said at a recent event.
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