CARBON FORWARD 2018: Will international carbon trade thrive under the Paris Agreement?
The world’s biggest carbon offset market is set to sunset in 2020, with governments at odds over how the UN CDM’s thousands of projects and billions of carbon credits should be subsequently treated under Article 6 of the Paris Agreement.
Read MoreFew countries are pricing carbon high enough to meet Paris Agreement targets -OECD
Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a report released by the OECD on Tuesday.
Read MoreGCAS: US can get very close to Paris goal without federal action -report
The US can come within touching distance of its Paris Agreement emissions target even without any new policies from the federal government, according to California Governor Jerry Brown and former New York City mayor Michael Bloomberg, who launched a report on Wednesday outlining 10 policy initiatives for cities, states, and companies including carbon pricing.
Read MoreSouth Korea orders Samsung to pull failed CDM project
The South Korean government has ordered Samsung Electronics to withdraw a CDM project that originally aimed at generating nearly 770,000 carbon credits per year over a decade.
Read MoreFOREST TRENDS: Illegal mining forces suspension of ground-breaking voluntary forest carbon project in Brazil
As the first indigenous-led conservation effort to be financed through the sale of carbon offsets, the Suruí Forest Carbon Project (PCFS in Portuguese) dramatically slowed deforestation and incubated sustainable livelihood programs in Brazil’s Sete de Setembro Indigenous Territory (TISS), but a dramatic surge in illegal mining activities throughout the region in which TISS is located has forced the Paiter-Suruí indigenous people and their partners to suspend the program indefinitely.
Read MoreNations seek stripped-down Paris rulebook as work piles up
Governments are planning to agree only core elements of global guidance for international emissions trade this year, stripping down Article 6 text to the bare essentials as work mounts up on the wider Paris Agreement rulebook.
Read MoreCDM board celebrates centennial meeting, makes scheme tweaks ahead of key summit
The CDM’s Executive Board held its 100th meeting last week in Bangkok, ahead of intersessional UN climate talks this week in the Thai capital, agreeing a handful of scheme modifications in advance of this year’s crucial COP24 summit.
Read MoreClimate action could add $26 trillion to world economy if governments act -report
Strong climate action including robust carbon pricing could add at least $26 trillion to the world economy by 2030, accumulating 65 million jobs and avoiding 700,000 premature deaths from air pollution in the process, according to a wide-ranging study released on Wednesday.
Read MoreEU carbon price hike boosts hope for Paris rulebook deal, though markets may be sacrificed
A rapidly-rising EU carbon price is helping to boost confidence that the Paris Agreement rulebook will be finalised this year, though this could mean leaving out guidance on how carbon markets will operate under the UN pact.
Read MoreCarbon Pulse hires top carbon expert to lead Americas coverage
**FREE READ** – Carbon Pulse has hired one of North America’s top carbon market experts to lead its news coverage and expand its offerings on the continent.
Read More