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 MoreVerra to decide on permanent integration of buffer-pool alternatives based on CCP eligibility
Carbon market standard Verra will decide whether to permanently integrate insurance- and fund-based alternatives to traditional buffer pools post-pilot, depending in part on whether credits issued under the approaches can qualify for integrity labels such as the Core Carbon Principles (CCP), according to a programme manager.
Read MoreNew leak of EU methane penalty guidance sparks fears of enforcement “black hole”
The European Commission plans to recommend that member states suspend some of the penalties for fossil fuel importers that breach the EU Methane Regulation for up to three years, according to a leaked draft – in a move that is drawing sharp criticism from climate advocates.Â
Read MorePCF26: INTERVIEW – Latin American cookstoves developer plans Article 6 expansion
A clean cooking project developer operating in multiple Latin American countries has already obtained one Article 6 Letter of Authorisation (LoA) and is hoping to gain more, while keeping up with market trends toward high integrity, representatives told Carbon Pulse in Peru.
Read MoreINTERVIEW: Airline urges Asia to scale up CORSIA supply to keep climate finance in region
A major airline wants more Asian countries to authorise carbon credits for use under the aviation sector’s CORSIA scheme, saying the region risks losing out on billions of dollars in climate finance to other markets.
Read MoreIETA urges India to speed up Article 6 deals, widen eligibility
Carbon market group IETA has urged India to move faster on Article 6 agreements and broaden the scope of eligible projects, warning the country risks missing out on billions of dollars in climate finance if implementation remains slow.
Read MoreSIDS look to Bonn talks to shape new 1.5C tools around project delivery
Small island developing states (SIDS) are pushing for two emerging 1.5C implementation tools to become practical routes for faster finance and project delivery, as negotiators look to shape the initiatives ahead of the SB64 talks in Bonn, Germany.
Read MorePCF26: Peru plans frenzy of registry, Article 6 announcements by June -official
Peru will by June accredit new standards to its national RENAMI carbon registry and approve over a dozen Article 6 projects, just on the heels of its recent authorisation of a flagship clean cooking project under Article 6.2, according to a senior official.
Read MorePeru eyes REDD carbon sales into Singapore under Article 6 by 2027, says developer
Peru will be looking to sell around 1 million forest carbon credits a year into the Singapore market under its bilateral Article 6.2 deal, a project developer told Carbon Pulse this week.
Read MoreAfrica Roundup: Zimbabwe’s turbulence highlights political risks in continent’s race for international carbon markets
Zimbabwe’s dispute over the eligibility of its carbon credits for aviation offsetting scheme CORSIA highlights the persistent political uncertainties around Sub-Saharan Africa’s race to enter international carbon markets – while scientific studies warn that carbon investments could be key to saving the continent’s vital forest sinks.
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