COMMENT: Six key questions the carbon market needs to resolve to deliver for nature – one year on
Twelve months ago, Respira’s Ed Hewitt posed six questions for the carbon market to resolve so it could deliver more for nature. How did these matters progress in 2023? And what’s the outlook for 2024 and beyond? Hewitt revisits the questions he asked and gives a status update for each.
Read MoreCOMMENT: No climate justice without carbon credits
Climate Action Reserve President Craig Ebert provides a response to what he calls “the misguided focus on low-quality credits and the elusive supply chain mitigation”.
Read MoreCOMMENT: Out with the bad, in with the good carbon market
The voluntary carbon market faced strong headwinds in 2023 – a reckoning due to carbon credit quality problems. The silver lining that could arrive in 2024: A market correction that can support a new VCM 2.0, rebuilding a market that is good for the planet and for people, writes Donna Lee of Calyx Global.
Read MoreECOSYSTEM MARKETPLACE: REDD can be high quality – Here’s how
Experts discuss the challenges and potential reforms in using REDD as a credible option for offsetting emissions, emphasising the need for high-integrity credits and improved methodologies to ensure environmental and social integrity while addressing criticisms and safeguarding Indigenous Peoples and local communities.
Read MoreCOMMENT: Update of the EU ETS free allocation – polluting for free during a climate crisis
The proposed revision of EU ETS free allocations fails to deliver social and environmental change, write Lidia Tamellini of Carbon Market Watch and Aymeric Amand of Sandbag.
Read MoreCOMMENT: The Voluntary Carbon Market is Reawakening – Let’s Make 2024 A Year of Action
This year, the American Forest Foundation attended its second Conference of Parties, COP28, held in Dubai. While many things came out of COP28, and perhaps even more hoped-for things did NOT come out of COP28, one incredibly important outcome concerned the voluntary carbon market’s role in the global struggle against climate change.
Read MoreCOMMENT: Westpac says no to deforestation – others will soon have to
All Australian banks and investors will soon need to make zero-deforestation commitments because it is increasingly well known that Australia is a deforestation hotspot, and this is attracting the scrutiny of legislators, consumers, and investors, the Wilderness Society writes.
Read MoreCOMMENT: Paris Agreement forest carbon transactions should follow tropical forest credit integrity guidance
In the context of increasing reports of forest carbon-related cooperative approaches under Article 6 of the Paris Agreement, Parties should apply strive to ensure that all credits transacted are of the highest quality by applying guidance developed by leading environmental and Indigenous organisations, writes the Wildlife Conservation Society and other groups.
Read MoreCOMMENT: US-EU negotiations on sustainable steel and aluminium showed little progress… so, what’s left for EU’s industry?
Negotiations over the Global Arrangement on Sustainable Steel and Aluminium (GSA) remain stuck in a complex impasse, necessitating substantial concessions that neither the EU or US is willing to provide, writes Irina Kustova, Research Fellow at Centre for European Policy Studies (CEPS).
Read MoreCOMMENT: To succeed, REDD+ should focus on what Indigenous peoples and Local Communities value
REDD+ standards should not only include technical and scientific aspects developed in the Global North, but also contributions and experiences of the inhabitants of the same territories where these standards will be implemented, writes Gustavo Sanchez of the Mexican Network of Rural Forestry Organizations and colleagues representing other Indigenous peoples and Local Communities.
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