New ITMO registry for Article 6 trade seeks to mop up CDM carbon credits
A carbon platform has launched a specific ITMO registry ahead of the closure of the UN’s Clean Development Mechanism (CDM), while also claiming voluntary players will have the “lowest cost” for trading credits that have been granted approval for Article 6 trade under the Paris Agreement.
Read MoreGuyana J-REDD+ programme “already aligned” with ICVCM’s CCP label, govt claims
Guyana’s national jurisdictional REDD+ (J-REDD+) programme, which currently uses the ART TREES v2.0 ‘high forest, low deforestation’ (HFLD) methodology, is “already aligned” with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) label, the government has claimed – even though the ICVCM has rejected this protocol for a CCP seal.
Read MoreMultilateral facility supported ITMO generation potentially worth over $500 mln in 2025
A South Korea-based multilateral climate finance facility last year supported mitigation programmes that could generate over $500 million in Internationally Transferred Mitigation Outcomes (ITMOs), also hitting other milestones, according to its annual report.
Read MoreBRIEFING: COP30 presidency advances on roadmap to halt deforestation, seeks global contributions
The Brazilian COP30 presidency is pushing forward with the development of a roadmap to halt and reverse deforestation and forest degradation by 2030, with the first consultations starting in New York on Monday on the margins of the 21st Session of the UN Forum on Forests (UNFF21).
Read MoreVCM REPORT: Mangrove carbon credits surge to record high
High-rated mangrove restoration credits surged to record highs last week amid an uptick in demand for quality nature-based units, while the Integrity Council for the Voluntary Carbon Market (ICVCM) said another standard body and another methodology met its Core Carbon Principles (CCP) bar.
Read MoreCookstove developer expands into Uganda, eyeing Article 6 carbon credits
A clean cookstove developer is expanding into Uganda, beginning with the delivery of 10,000 improved cookers to rural communities, it announced on Monday.
Read MoreFive countries set out Article 6.4 priorities in UN filings
Five developing nations have outlined activities they may approve under the Paris Agreement’s Article 6.4 crediting mechanism, with most placing forestry, land use, agriculture, waste methane, and renewables among their main areas of interest.
Read MoreLATAM Roundup: Brazil picks up Article 6 pace
Brazil is moving forward with Paris Agreement Crediting Mechanism (PACM) approvals and progressing toward an Article 6 regulation, breaking free from its prior policy stagnancy on Paris carbon markets, Carbon Pulse reported last week.
Read MoreCOMMENT: Look Beyond Binaries for Climate Progress
Echoing A Tale of Two Cities, today’s climate transition is marked by both unprecedented progress and mounting headwinds, and overcoming false binaries will be critical to unlocking the capital and action needed at scale.
Read MoreGhana signs climate cooperation agreements to support carbon market development -media
Ghana has signed 10 non-binding cooperation agreements with international institutions to support carbon market development, climate finance, renewable energy, and climate-resilient agriculture, a government official said Wednesday.
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