CORSIA supply and demand still cloudy, rating agency says
Supply and demand hangs in the air for Phase 1 Corsia with the unknown of credit quantity rubbing against regulatory uncertainty, a webinar heard Wednesday.
Read MoreIndustry, NGOs unite in urging Brussels to exclude carbon credits from EU CBAM
NGOs and European industry associations are pushing back against the European Commission’s plan to allow international carbon credits to be deducted from importers’ Carbon Border Adjustment Mechanism (CBAM) fees, in a statement released on Wednesday.
Read MoreCameroon plans to mobilise Article 6 to help meet new 41% emission reduction target
Cameroon is positioning carbon markets as a key pillar of its climate strategy, with an updated Nationally Determined Contribution (NDC) that boosts its emissions reduction ambitions, citing the economic value of its vast forests and clean energy potential as possible Article 6 revenue streams.
Read MoreCarbon broker, energy trader launch second auction for CORSIA-labelled credits
An environmental commodities broker and an energy trader have launched a second carbon auction, offering 100,000 Article 6- and CORSIA-labelled credits.
Read MoreUN review raises issues with Zimbabwe’s carbon market rules and registry
A UN technical review has flagged inconsistencies and lacking transparency in Zimbabwe’s carbon market infrastructure, including its national carbon registry, rules for collecting revenues, and the country’s first Article 6 project – although the government did clarify many of the issues.
Read MoreSouth Korea, Malaysia ink biogas pact, eye Article 6 carbon projects
Malaysia and South Korea have agreed to cooperate on biogas development and carbon market initiatives, including potential Article 6 projects under the Paris Agreement, they announced this week.
Read MoreSub-national governments seen crucial to advance India’s Article 6.2 partnerships
Engaging India’s sub-national governments is crucial for navigating the practical realities of Article 6.2 partnerships in the country, a conference heard Wednesday.Â
Read MoreNew Zealand promotes APAC carbon market cooperation, remains silent on looming ITMO obligation
New Zealand’s climate minister has promoted the government’s efforts to build capacity and cooperation on carbon markets in the Asia Pacific, but said nothing regarding its likely need to purchase millions of overseas credits to meet its 2030 international climate target.
Read MoreEU officials promote CBAM stick to APAC, hints at future carrots of int’l credit purchases
EU officials on Wednesday soothed nerves about growing compliance costs and regulatory hurdles for Asian countries from its Carbon Border Adjustment Mechanism (CBAM) by highlighting plans to explore international credit purchase to meet its 2040 climate targets.
Read MoreCarbon credit markets need binding regulation to scale with integrity, report says
Project-based carbon credit markets are moving towards a more regulated, state-led model as voluntary standards remain unable to address weak oversight, fragmented rules, and uncertainty around credit use, a report published Wednesday said.
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