Voluntary 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.
Read MorePair of US senators unveil bipartisan clean cookstoves bill
Two US senators have introduced a bipartisan clean cookstoves bill aimed at mitigating health, environmental, and economic issues caused by exposure to smoke from traditional stoves and open fires.
Read MoreExperts urge integrity alignment between voluntary carbon market and Article 6 to end confusion
The voluntary carbon market (VCM) and Article 6 should apply a common criteria of minimum integrity to clean up confusion across buyers and sellers and ensure that carbon credits remain consistently regulated in line with international practices, experts told a virtual event on Wednesday.
Read MoreANALYSIS: Negotiators advance talks on Article 6 technicalities despite chaos of UN Bonn summit
Parties negotiating rules for the new UN carbon crediting mechanism under Article 6 of the Paris Agreement managed to advance discussions on technical details during UN climate negotiations held in Bonn over the past two weeks, despite chaotic scenes that held up wider progress at the gathering.
Read MoreZimbabwe eyes pan-African carbon trading registry as it prepares to host VCM summit
Zimbabwe is preparing to host a voluntary carbon markets forum as it targets creating a pan-African registry linked to the country’s Victoria Falls Stock Exchange (VFEX).
Read MoreMajor investors launch new agri-tech startup to turn Asian rice into carbon credits
A group of major investors has teamed up to launch a new agri-tech startup aimed at decarbonising rice cultivation in Asia via the voluntary carbon market.
Read MoreRemovals come to the fore at UN carbon market meeting, guidance body signals further work
The UN body helping to shape which projects are eligible under the Paris Agreement’s carbon credit mechanism has launched a consultation on the role of removals, with members planning further work to agree on technical elements relating to permanence, storage, and the classification of activities.
Read MoreGrowth of MENA regional carbon market to hinge on infrastructure, transparency -experts
The Middle East and North Africa (MENA) region’s aspirations to become a global hub for decarbonisation and sustainable finance will hinge on the construction of more robust market infrastructure and improved transparency on creation and use of carbon credits, concluded a roundtable debate at a conference held in Bahrain.
Read MorePREVIEW: Pressure builds on UAE hosts to set priorities ahead of crunch UN climate summit
Pressure is mounting on the UAE ahead of the UNFCCC’s intersessional climate change conference in Bonn next week, with criticism building among stakeholders over the Gulf state’s hosting of the year-end COP28 UN climate summit due to the lack of a clear agenda, split priorities among negotiating parties, and the potential influence of the fossil fuel industry.
Read MoreArticle 6 body to drop tonne-year accounting from UN carbon market recommendations
The body responsible for helping to shape which mitigation activities can be credited under the Paris Agreement on Thursday signalled it will drop the controversial tonne-year accounting method from its recommendations.
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