COP28: Agriculture carbon projects to be added to Japan’s JCM, official says
Japan is preparing to expand the scope of the bilateral Joint Crediting Mechanism (JCM) to cover overseas agricultural projects, a panel heard Sunday.
Read MoreCOP28: Roundup for Day 4 – Dec. 3
It’s Day 4 of COP28 and the focus begins to move away from world leaders, after a busy few days filled with international pledges, towards the nitty gritty of negotiations in Dubai. The devil, as they say, will be in the details in terms of progress on the global stocktake, as well as on carbon markets. Oh, and today is the first ever Health Day at a UNFCCC COP. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: Nations pledge hundreds of millions towards forestry plans for international carbon markets
Governments, private sector, and philanthropic initiatives have so far announced partnerships and funding pledges in the hundreds of millions of dollars for rainforest protection and restoration in multiple nations, specifically involving mobilising finance from international carbon markets and credit sales.
Read MoreCOP28: Verra to issue “very shortly” Article 6-aligned carbon credits, launch next version of VCS in 2025
Verra is set to soon issue its first carbon credits aligned with Article 6 of the Paris Agreement from projects in Africa, and also expects to launch its Verified Carbon Standard Version 5.0 in 2025, a senior member of the standards body told a panel at a COP28 side event.
Read MoreCOP28: Ratings agency partners with national government to boost Paris Agreement carbon credit use
A voluntary carbon credit ratings agency has partnered with an Asian government to help it use “high-quality” carbon credits towards meeting Paris Agreement goals, they said at a joint launch event on Saturday.
Read MoreCOP28: Roundup for Day 3 – Dec. 2
It’s Day 3 of COP28 and world leaders are speaking once again at Expo City in Dubai, UAE, with climate finance pledges mounting, and coal phaseout and renewables targets on the agenda. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: US, other countries’ carbon market arrangements seen threatening push to strengthen trade rules -leaked EU doc
The US and other countries are implementing emissions trading initiatives that could undermine efforts to introduce more robust and transparent standards for international carbon markets, risking missing the Paris Agreement’s goals by embracing existing but flawed approaches, according to a leaked EU document.
Read MoreCOP28: Fiji in talks with Singapore for international carbon trade, wants REDD+ in UN crediting
Pacific Island state Fiji is exploring bilateral carbon trade possibilities with Singapore, a government official told Carbon Pulse on the sidelines of COP28, underlining the country’s push for REDD+ to be included in UN crediting under Article 6.
Read MoreCOP28: Article 6 provides more “transparency” than voluntary carbon, says Zambia
Selling carbon credits under Article 6 of the Paris Agreement provides host countries with greater transparency over their climate assets via a more procedural and formal process, Zambia’s environment ministry said on the sidelines of COP28.
Read MoreCOP28: Roundup for Day 2 – Dec. 1
It’s Day 2 of COP28 and world leaders are descending on Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read More