FEATURE: Climate finance, not offsets, increasingly seen as a nature-based solution as critics persist
With nature-based credits valued at a growing price premium to other types of carbon offsets, scrutiny over the process is also on the rise, with even forest protection standards that are said to be raising the bar on quality finding criticism for lacking environmental integrity.
Read MoreUN aviation body rejects latest offsetter applicants under CORSIA
UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, declining to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.
Read MoreVCM Report: VER price hike slows near record levels amid post-COP lull
Voluntary emissions reduction (VER) prices edged to new heights in some standardised contracts this week, while others slipped back amid subdued holiday-interrupted trade following the COP26 UN climate talks earlier in the month.
Read MoreANALYSIS: Switzerland touts model for international emissions trade, voluntary market
Switzerland sealed its fifth and sixth bilateral crediting agreements on the sidelines of the Glasgow UN climate talks this month, touting the deals as a model of Paris Agreement-era emissions trade for countries as well as for companies in the voluntary carbon market.
Read MoreUN carbon mechanism to take up to 3 years to build, ‘leaning on’ CDM rules
The Paris Agreement’s newly-established carbon market mechanism could take as long as three years to take shape, according to experts assessing the UN’s pace after countries approved Article 6 rules governing future international carbon markets at the COP26 summit earlier this month.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.
Read MoreANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback
Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.
Read MoreBrussels considers setting 2030 carbon removals goal -leaked document
Brussels is considering setting an EU goal to permanently remove 5 MtCO2 a year from the atmosphere by 2030 as part of a wider strategy to develop carbon removals solutions, according to a leaked draft of a European Commission document.
Read MoreCORRECTION – Verra seeks clarity on voluntary market use of Paris-adjusted units
Carbon standard manager Verra is seeking greater clarity on where corresponding adjustments may be appropriate for the voluntary carbon market, it said in a note on Thursday in the wake of a UN decision that may see host nations require such measures.
Read MoreCOMMENT: A Brave New (Article 6) World
Last week’s UN agreement on Article 6 is bullish for the role of market-based mechanisms in supporting global climate action. But the new dawn comes with added complexities, write Sebastien Cross and Tommy Ricketts of BeZero Carbon.
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