FEATURE: Carbon market experts see huge potential for crediting SF6 emissions mitigation from grid expansion
Market experts see significant potential in crediting the reduction of sulphur hexafluoride (SF6) emissions linked to grid expansion in the power sector and the clean energy transition, with a German government-backed initiative also looking at the role of carbon finance in the relatively untapped field of mitigation.
Read MoreSaudi Arabia offers Kenya $8 per carbon credit in COP16 VCM deal -media
Saudi officials and private sector players are open to buying carbon credits from Kenya in a voluntary market (VCM) deal at $8 per tonne, according to statements made on the sidelines of the UN Convention to Combat Desertification (UNCCD) COP16 conference in Riyadh last week.
Read MoreAfter Article 6 agreement, still no clarity on when trades will start flowing -panel
With Article 6 rules now in the books following consensus at COP29 in Baku, carbon market watchers said during a Thursday panel that there was still no clarity on when the international market would begin recording its first trades.
Read MoreANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say
The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.
Read MoreCORSIA market liquidity hinges on Article 6 alignment by eligible carbon standards -report
New CORSIA-eligible carbon standards under the UN’s aviation offsetting scheme will likely enhance liquidity in this credit-strapped market – but only if emission units comply with Article 6 requirements, and if participating countries institute “correct and balanced” incentives and penalties, as per a report published Wednesday by an international project developer.
Read MoreFEATURE: No sign of Canada’s 2035 climate target, despite mandate by law
Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.
Read MoreCOMMENT: A purposeful scientific community of practice can help carbon markets deliver impact at scale
Nature-based solutions, particularly those harnessed by the voluntary carbon market, play a critical role in addressing the urgent interlinked crises of climate change and biodiversity loss by mobilising private finance for conservation and restoration, fostering interdisciplinary research, and ensuring ethical practices, even as they face scrutiny and require continuous improvement to scale their impact effectively.
Read MoreArticle 6 deal puts pressure on capital markets to deliver for climate, says legal expert
The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.
Read MoreBRIEFING: UK wins praise for renewed climate leadership at COP29
The UK showed renewed climate leadership among developed countries at COP29 across the public, private, academic spheres, observers have said, making the new Labour government a standout at a summit that many found disappointing.
Read MoreINTERVIEW: Article 6 decision marks ‘fundamental’ shift in landscape for project developers
The breakthrough on Article 6, achieved in Baku last month, will have a huge impact on the ground in terms of project development, according to executives at a global association for the sector.
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