Zimbabwe-hosted carbon exchange in U-turn over accepting banned Russian credits
A Zimbabwe-hosted carbon exchange has reversed course on accepting a Belarusian contribution of banned Russian credits to kick off trade, announcing that only African units will be allowed on the platform.
Read MoreUN carbon crediting body targets end of August for draft removals guidance
The UN body with a mandate to shape carbon crediting under Article 6 of the Paris Agreement has signalled that draft recommendations on removals are to be prepared by the end of August as it scrambles to ready guidance before the UN’s main COP28 climate summit at the end of the year.
Read MoreCTX partners with Zimbabwe to build pan-African carbon trading registry
Carbon Trade Exchange (CTX) is partnering with Zimbabwe to build a pan-African emissions trading registry to support the continent’s carbon market aspirations.
Read MoreBelarus group’s 2-Mt carbon credit contribution to help launch Zimbabwe bourse revealed to be banned Russian offsets -reports
A donation of 2 million carbon credits made last week by a Belarusian group to kick-off trade on Zimbabwe’s new carbon exchange has been reportedly revealed to be comprised of banned Russian offsets, in a development that could further deter climate-related investment in the African nation.
Read MoreANALYSIS: Governments set down marker in tackling cookstove over-crediting
Governments are drastically slashing carbon credit issuance rates from their own cookstove projects and helping craft a new global framework to tackle integrity concerns, moves that are also spurring an overhaul of a hefty chunk of the voluntary carbon market.
Read MoreBelarusian group, South Africa’s Zuma donate 2 mln questionable credits to Zimbabwe’s carbon trading efforts
A Belarusian group, through former South African President Jacob Zuma, has donated 2 million questionable carbon credits towards Zimbabwe’s nascent emissions trading efforts.
Read MorePREVIEW: UN carbon crediting talks poised for crunch debate on Paris alignment of projects
Members of the UN body shaping the rules for crediting carbon projects under the Paris Agreement are to dive deeper into a crucial debate around aligning activity baselines with the ambition of the accord, according to documents published ahead of next week’s meeting.
Read MoreANALYSIS: UK sends “very strong signal” on removals in ETS reform paper
The UK has set down a very significant marker for the inclusion of removals in its compliance carbon market and one that starkly differs from the EU position, experts have told Carbon Pulse, though integration is unlikely to be rushed.
Read MoreSouth Korea, Vietnam sign MoU on Article 6 collaboration
South Korea and Vietnam have signed a deal to collaborate on carbon trading under Article 6 of the Paris Agreement.
Read MoreVoluntary carbon stakeholders urge UN body to consider different crediting rules across removals types
Multiple voluntary carbon market (VCM) participants have submitted responses to a UN consultation regarding removal activities that may be credited under Article 6 of the Paris Agreement, urging differentiation between types to take into account varying permanence, reversal risk, and storage implications.
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