LACS26: Chile authorises landfill Article 6 project, nears Japan and Singapore bilateral agreements
Chile has issued a Letter of Authorisation (LoA) for a biogas landfill mitigation project, with the government also looking to operationalise two other bilateral agreements and preparing to assess a new batch of projects next month, a senior government official said this week at the Latin American Climate Summit (LACS).
Read MoreLACS26: Climate ambition, regulatory certainty could command premium in international carbon markets, experts say
The climate ambition of host countries and the stability of their regulatory frameworks are increasingly emerging as factors that could influence the price of internationally-traded carbon credits, as buyers and proponents seek to manage sovereign risks beyond the control of project execution, legal experts said this week during the Latin America Climate Summit (LACS) in Mexico.
Read MorePrivate sector registries no longer run VCM, investment bank says
The voluntary carbon market’s (VCM) era of private sector registry-centric governance is over, according to an investment bank which claims sovereign registries will assume the leading role in driving market changes now that Article 6 of the Paris Agreement is up and running.
Read MoreEU aviation, shipping decarbonisation held back by weak project economics -report
High sustainable fuel costs, policy uncertainty, and limited long-term offtake agreements are holding back private finance for the decarbonisation of EU aviation and shipping, despite growing policy support for cleaner fuels, according to a report published Wednesday.
Read MoreNearly 600 mln eligible CORSIA credits held up in LoA bottleneck, finds rating agency
The bottleneck in host countries approving projects for CORSIA, the international aviation offsetting scheme, is holding back nearly 600 million eligible credits to date, a ratings agency has found.
Read MoreUS carbon removal firm receives Japanese investor backing, signs credit deal
A US carbon removal company has secured investment from a Japanese trading firm to expand a facility in Arkansas, while separately signing a credit purchase agreement with a major shipping group, it announced Wednesday.
Read MorePeru targets 726k ITMO transfer to Switzerland from clean cookstoves project
Peru has become the first country in Latin America to register a cooperative approach project on the UNFCCC Article 6 platform, with the clean cooking programme expected to provide Switzerland with more than 726,000 Internationally Transferred Mitigation Outcomes (ITMOs) by 2030.
Read MoreIETA proposes hybrid Article 6 model for Brazil, retaining half of mitigation outcomes at home
Brazil should consider an Article 6 strategy that allows the export of carbon credits while retaining 50% of mitigation outcomes for domestic climate targets, carbon trading industry group IETA said in a new report.
Read MoreBenin eyes carbon markets to help deliver new Paris climate plan
Benin has raised its climate ambition under a newly submitted Nationally Determined Contribution (NDC), pledging to cut greenhouse gas emissions by one-third over the next decade while positioning itself to tap international carbon markets under Article 6 of the Paris Agreement.
Read MoreCarbon removals vulnerable to uncertain demand, concentration -report
Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.
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