ANALYSIS: Kenya’s limit on ITMO sales highlights Article 6 supply constraints, and may force developers back onto VCM
Kenya’s recent announcement that it will limit Article 6 transfers to 10 million Internationally Transferred Mitigation Outcomes (ITMOs) between 2026 and 2030 surprised many market participants, particularly given the scale of the country’s existing carbon project pipeline, and may signal a fundamental shift for project developers relying on voluntary prices currently languishing in single-digit figures.
Read MoreItaly plans carbon market cooperation with Tanzania -local media
Italy is eyeing carbon market investments in Tanzania through Article 6.2 of the Paris Agreement, following a meeting between the two governments in Bonn, according to local media.
Read MoreArticle 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreINTERVIEW: Cooling sector could generate Paris credits at scale, with legal caveats
The cooling sector has great potential to generate Paris Agreement carbon credits – especially in the Middle East, North Africa, and Turkiye (MENAT) – but projects must respect the boundaries set by other treaties, said the co-author of a recent report.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreSB64: Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.Â
Read MoreResponsible use of Article 6 lacking in key buyer, seller countries -analysis
At least four countries using the Paris Agreement’s Article 6 carbon markets mechanisms risk undermining, rather than strengthening, global climate action, according to an analysis published on Tuesday.
Read MoreSB64: Developing countries unite in pushback on unilateral trade measures
A wide range of developing country negotiating blocs – from middle-income and fossil fuel-rich, to the poorest and smallest – voiced concerns and opposition to unilateral trade measures, like border carbon fees, in one of the UN’s first dialogues on climate-related trade issues.Â
Read MoreSB64: Santa Marta can help overcome fossil fuel transition “deadlock”, Colombian official says
The landmark Santa Marta process on transitioning away from fossil fuels can help overcome the “deadlock” in UNFCCC talks, a Colombian official said during mid-year talks in Bonn on Monday.
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