Carbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).
Read MoreGerman ruling party seeks looser EU carbon cap, aviation freeze in upcoming ETS reform
The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.
Read MoreUzbekistan needs clearer Article 6 rules before scaling carbon trades, report finds
Uzbekistan has laid the groundwork for Article 6 carbon market participation, but still needs clearer rules on authorisation, corresponding adjustments, registry operations, and monitoring, reporting, and verification (MRV) before it can scale credible international carbon trades, according to a report.
Read MoreVietnam carrier urges first claim on domestic credits for sector
Vietnam Airlines has urged policymakers to prioritise allocating domestic carbon credits to the aviation sector as carriers prepare to meet international climate obligations, a domestic newspaper said.
Read MoreArticle 6 expert panel recommends two new methodologies for PACM crediting
Technical experts overseeing the Paris Agreement Crediting Mechanism (PACM) have recommended two draft methodologies for approval by the scheme’s Supervisory Body, while opening fresh consultations on key implementation tools.
Read MorePacific Islands Forum Secretariat floats regional climate finance taxonomy
Developing a Pacific Regional Climate Change Taxonomy would help improve transparency around climate-related expenditures and strengthen donor trust, said a report.
Read MoreANALYSIS: Market hopes new administration awakens giant dormant Colombia, key implementation questions loom
Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.
Read MoreASEAN could unlock up to $8.5 bln from CORSIA, report says
Southeast Asia could generate up to $8.5 billion over the next decade by supplying carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation, provided governments speed up approvals necessary to bring more projects online, according to a report released on Wednesday.
Read MoreDemocrats introduce bicameral bill to advance US clean shipping with $1 bln per year
Democrats in the US Senate and House of Representatives have reintroduced a legislative effort to fund advanced clean shipping technology and infrastructure.
Read MoreLATAM Roundup: State-backed institutions assist the voluntary carbon market
Latin America is creating opportunities for carbon project developers to generate credits, access finance, and commercialise issuances, developing national carbon markets, Carbon Pulse reported last week – although Global North funds retain their key role in the market, for now.
Read More