ANALYSIS: 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 MoreVerra 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.
Read MoreANALYSIS: Australia’s IPCOS seen starting as a boutique option for voluntary buyers
Australia during the Glasgow COP26 summit launched its Indo-Pacific Carbon Offset Scheme (IPCOS), though analysts expect voluntary buyers will continue to prefer cheap UN-issued credits unless next year’s election brings a new government wanting to incentivise more compliance buying.
Read MoreVCM Report: VER prices stretch records as traders digest Article 6 deal
Standardised, exchange-traded voluntary emissions reductions (VERs) continued to gap to new all-time highs this week though participants said the over-the-counter voluntary carbon market (VCM) was steady on Monday after nations agreed the Paris Agreement carbon credit rulebook this weekend.
Read MoreANALYSIS: South Korea faces offset issuance gap after Glasgow, while Japan gets clarity on market plans
South Korea’s carbon market will go several years with minimal access to foreign offsets while some projects risk financial ruin after this weekend’s UN climate deal, which provided Japan with certainty should it decide to tap into the voluntary carbon market.
Read MoreNations pledge to adjust voluntary units, not use pre-2020 offsets
A group of nations has vowed to take a stronger line on carbon credits than those agreed at the Glasgow COP26 UN climate talks, pledging not to use pre-2020 CDM credits and to apply corresponding adjustments to voluntary market units.
Read MoreCOP26: Reactions to the Glasgow Climate Pact and a summary of other major announcements
Here are selected expert reactions to the Glasgow Climate Pact, which was concluded at the UN COP26 summit late Saturday, as well as a summary of the major announcements made during the two-week talks.
Read MoreCOP26: UN talks compel nations to revise GHG pledges next year, shy away from coal exit
UN climate talks closed late Saturday by tasking nearly 200 nations to revise their emissions pledges within a year to “keep alive” the Paris Agreement’s 1.5C global warming goal, but the deal failed to commit to a faster coal phaseout.
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