ECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice
The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.
Read MoreSwitzerland, Thailand lay foundation for future Paris carbon credit deal
Switzerland intends to procure carbon offsets from Thailand under a joint statement signed by the two nations on Friday, marking the fourth arrangement for Paris-era international emissions trade orchestrated by Bern to date.
Read MoreOffset retailer says only a fraction of nature credits meet basic standards
An offset retailer has rejected around 90% of nature-based projects it has examined and is insisting clients buy almost four carbon credits for every tonne emitted from a chosen few initiatives to ensure an effective contribution to climate action.
Read MoreSwitzerland to sign next Paris-era carbon offset deal with Senegal -official
Switzerland will soon announce its third bilateral deal under the Paris Agreement’s Article 6 to purchase carbon offsets from Senegal and is undertaking formal and informal discussions with a host of other countries on future arrangements, an official from the European country’s credit procurement agency said Thursday.
Read MoreRussia preparing carbon trading measures to absolve it from “unfriendly” EU protectionism -official
Russia is rolling out new domestic voluntary carbon offset rules and is considering extending its embryonic emissions trading scheme nationally in order to have its climate efforts recognised internationally, a high-level official said Tuesday, which should thereby spare the country from “unfriendly” protectionist actions such as EU border measures.
Read MoreEU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends
Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.
Read MoreCOMMENT: Offsetting 2.0 – how ratings can help avoid a race to the bottom
In order to avoid fungibility becoming a race to the bottom, the voluntary carbon market needs tools that recognise the variation in carbon returns and enables the creation of products that capture this variation, according to Sebastien Cross of BeZero Carbon.
Read MoreCOMMENT: Let’s remove ONLY what we can’t avoid
While carbon removals will play a role in mitigating climate change, we cannot afford to take our focus away from the urgent objective of avoiding emitting in the first place, write Sarah Leugers and Owen Hewlett of Gold Standard.
Read MoreUK plans for in-person COP26 climate summit, explores COVID safeguards
The UK is planning on host the COP26 UN climate negotiations as an in-person summit in Glasgow in November and is considering various ways of ensuring protection against the coronavirus pandemic, the meeting’s president Alok Sharma said on Friday.
Read More‘Meta-registry’, carbon clubs could help de-risk Paris emissions trading, experts say
A meta-registry connecting different carbon standards and coalitions of nations could help stamp out risks associated with bilateral and multilateral emissions trading under the Paris Agreement, experts said Tuesday in response to a new legal analysis published on the subject.
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