BRIEFING: UN adopting ICJ opinion boost for Paris Agreement, international climate treaties
Last week’s UN General Assembly vote to adopt a resolution endorsing the International Court of Justice’s (ICJ) advisory opinion on states obligations on climate change is a boost for multilateralism and international climate frameworks, including the Paris Agreement, experts told Carbon Pulse.
Read MoreBRIEFING: Financiers single out ‘delivery risk’ as biggest obstacle for European carbon removal projects
The risk that a developer goes bankrupt or fails to deliver is the biggest obstacle to funding carbon removal (CDR) projects, financiers told a European Commission event on the EU’s Carbon Removals and Carbon Farming (CRCF) scheme last week.
Read MoreBRIEFING: Australian carbon market comes of age, but grapples with future direction
Fifteen years in, the Australian carbon market is becoming more vibrant, more active, and more mature. But as stakeholders prepare for a review of the Safeguard Mechanism, and with legislative changes to the Australian Carbon Credit Unit (ACCU) Scheme afoot, its future evolution is still to be determined.
Read MoreBRIEFING: Brazil carbon market players call for diversified demand amid Article 6 debate
Brazil’s carbon market needs more diversified and predictable demand if it is to scale beyond a niche voluntary market and to attract long-term investment, speakers said at an event in Sao Paulo.
Read MoreBRIEFING: Carbon removal buyers need stronger risk tools, as demand remains uncertain
Carbon removal (CDR) buyers remain constrained by delivery risk, high prices, unclear claims frameworks, and fragmented market data, experts said on Tuesday, as voluntary demand continues to play a limited role in scaling the still-nascent sector.
Read MoreBRIEFING: Optimism ahead of UN vote on landmark ICJ climate opinion
Environmental campaigners are optimistic that the UN General Assembly will vote on Wednesday to adopt a resolution to endorse last year’s historic International Court of Justice (ICJ) advisory opinion on climate change, which found that states have a legal obligation to cut GHG emissions.
Read MoreBRIEFING: Asian transition credits could find home in compliance markets, but questions over additionality remain -IEA
Compliance carbon markets could become the biggest source of demand for transition credits in Asia’s coal transition, provided project developers can prove that early closures are genuinely additional amid falling renewable energy costs, the International Energy Agency (IEA) said in a report.
Read MoreBRIEFING: Recent RGA spike “disproportionately” bullish, but prices to ramp up in coming years -analysts
The recent spike in RGGI Allowances (RGA) is “disproportionately bullish” and will ease this year, but the long-term price outlook for the programme is still strong, a pair of analysts said at a webinar co-hosted by Carbon Pulse this week.
Read MoreBRIEFING: Investors need clearer rules on what counts as climate solutions, experts say
Investors risk misallocating climate finance unless companies and banks use clearer definitions and reporting to show whether capital is flowing to credible low-carbon activities, finance experts said on Thursday.
Read MoreBRIEFING: BECCS ambitions in Brazil hinge on carbon pricing, regulatory clarity
Brazil’s ethanol industry could become a globally competitive source of engineered carbon removals through bioenergy with carbon capture and storage (BECCS), but developers are still waiting for the regulatory clarity and carbon pricing signals needed to make projects financially viable.
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