Carbon project developers search for interim solution to CDM freeze
Developers with projects registered under the CDM are urging regulators to unfreeze post-2020 carbon credits to make them eligible for the voluntary and domestic carbon markets, aiming to keep revenues flowing ahead of the completion of a new carbon crediting mechanism under the Paris Agreement.
Read MoreOffset ratings service to integrate with a second credit marketplace
A carbon credit marketplace and a global ratings agency for the voluntary carbon market (VCM) have teamed up with the aim of providing customers greater confidence in the quality of the units they buy.
Read MoreCarbon Pulse hires its way to record reporter headcount, doubles article output
(FREE READ) – Carbon Pulse has further boosted its coverage of regional and global carbon markets after completing a hiring drive that allowed it to welcome another four talented journalists, giving the unrivalled news provider a record staff size and doubled story count.
Read MoreSurge in corporate target-setting not matched by delivery –SBTi
The Science Based Target initiative (SBTi) released its third annual progress report on Thursday, releasing the figures tied to the groundswell of companies that are committing and setting robust climate targets, while also pointing out a lack of reporting on actually delivering on those targets.
Read MoreCalifornia offset issuance drops to 4-mth low, Quebec mints first credits this spring
California regulator ARB handed out the fewest number of compliance offsets this week since December, while Quebec’s environment ministry awarded its first batch of credits since February, according to government data published Wednesday.
Read MoreANALYSIS: Mapping carbon project pathways for Paris Agreement era
Once thought to be at death’s door, the UN’s Clean Development Mechanism (CDM) lingers in the Paris Agreement-era, although there is a deep well of complexity on how its credits may be issued and used – resulting in many project proponents jumping ship for clearer waters in the voluntary carbon market.
Read MoreHistory lesson: Experts strive to avert past mistakes with new global carbon market mechanism
Criticism abounds for carbon credits stemming from projects that do not result in any additional climate benefits, encouraging experts to figure out how the UN’s new crediting mechanism can avoid making the same mistakes in the post-2020 era.
Read MoreVerra advances plans for carbon units that leverage project finance upfront
Carbon standard developer and manager Verra advanced plans on Tuesday for a new method to allow offset project proponents to leverage financing ahead of the verification and issuance of carbon credits.
Read MoreFEATURE: Carbon border ambitions broaden as Russian aggression uproots global trade regime
Discussions on preferred trade flows have become front and centre since Russia’s invasion of Ukraine, with ideas on how to protect domestic production, ban imports, and increase energy independence shaking the foundation of WTO rules that would govern carbon border adjustments.
Read MoreUN could help shed light on, not rein in, the credibility of net zero pledges
The UN Secretary-General-appointed expert group tasked with scrutinising non-state net zero pledges is set to provide only high-level guidance rather than authoritative standards, a senior UN official said following the group’s first meeting on Wednesday.
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