FEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.
Read MoreJapan acquires latest batch of ITMOs from Palau
Japan and Palau have completed their first transaction of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Tokyo-led Joint Crediting Mechanism (JCM), they announced.
Read MoreLACS26: Chile plans ‘matchmaker’ platform for early-stage carbon projects with investors
The Chilean government is looking into building a platform designed to increase carbon project transparency and connect developers with investors, consultants, and potential buyers across different markets, an official said on Thursday.
Read MoreColombian draft decree conditions carbon market continuation on emerging systems
Colombia has published a draft carbon markets decree addressing technical and safeguarding concerns with tools that don’t yet exist, also imposing new responsibilities on domestic and international entities, but leaving key implementation questions open.
Read MoreVoluntary carbon registry lists first Paris Agreement-aligned activity
A voluntary carbon registry has listed its first Paris Agreement-aligned project, a clean cooking initiative in Senegal that is set to expand to cover several different programmes in the coming years, it was announced on Thursday.
Read MoreJordan, Norway push ahead on carbon market cooperation
Jordan is aiming to be among the first Arab countries to join international carbon markets, by convening its third steering committee meeting for a Norway‑funded initiative to cut emissions from the waste sector.
Read MoreJapan-led JCM faces hurdles, but NbS may offer a path forward, paper says
The effectiveness of the Joint Crediting Mechanism (JCM) remains constrained by institutional complexity and insufficient partner engagement, but Tokyo’s move to scale up nature-based projects may address the issue of limited credit issuance, a new paper argued.
Read MoreLACS26: 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.
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