LATAM Roundup: Countries leap into transactional phase of Article 6 under bilateral agreements
Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.
Read MoreFEATURE: Developers brace for Mexico-first carbon market after government signals
Mexican carbon project developers are increasingly preparing for a future in which domestic climate goals and the country’s emissions trading system (ETS) take precedence over international carbon credit exports, following fresh signals from the government that authorisations for overseas use may not be a near-term priority.
Read MoreSingapore, Tanzania sign carbon credits cooperation pact to advance climate action
Singapore and Tanzania have signed a memorandum of understanding (MoU) on carbon credits collaboration, as they aim to strengthen bilateral climate cooperation.
Read MoreSB64: Adaptation Fund enters Paris era with “dire” financial needs, PACM funds still pending
Negotiators at the SB64 climate summit in Bonn are transitioning the Kyoto-era Adaptation Fund (AF) to Paris, with UN carbon markets historically contributing large sums to the fund – but financing from the Paris Agreement Crediting Mechanism (PACM) is still on standby.
Read MoreFEATURE: “A logical destination” – govt-led forestry carbon projects remove market friction, command premiums
Forestry-based carbon projects that are government-led and factored into national accounting systems can achieve landscape-scale change, with credit prices trading at a premium, say experts.
Read MoreSB64: Article 6.2 TERs are in their lane, but PACM could add clarity, says UN
The UN’s Technical Expert Reviews (TERs) of Article 6.2 initial reports are fully within bounds, and are not erroneously applying Paris Agreement Crediting Mechanism (PACM) norms, a senior member of the UNFCCC has said.
Read MoreUN review flags major gaps in Malawi’s carbon market reporting
A United Nations technical review has identified significant weaknesses in Malawi’s reporting and governance arrangements for participation in international carbon markets under Article 6 of the Paris Agreement, raising concerns about transparency, accounting practices, and environmental integrity.
Read MoreSouth Korean investment company backs rice-focused JCM project in Vietnam
A Seoul-listed investment holding company has partnered with a developer to drive down emissions from Vietnam’s agriculture sector, eyeing the creation of carbon credits under the Joint Crediting Mechanism (JCM).
Read MoreSB64: Kenya sets 10-mln ITMO cap for Article 6 transfers through 2030 -official
Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.
Read MoreCarbon insurance market set for explosive growth, finds report
Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.
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