FEATURE: Bahamas and others step in from the sidelines of voluntary carbon market
The Bahamas has proposed legislation that will chart a course for the Caribbean nation’s participation in the voluntary carbon market, a move that follows other legal frameworks emerging from host countries and raises questions on how these play into the unregulated market’s norms.
Read MorePREVIEW: Nations push paper, not ambition, in efforts to curb shipping emissions
Governments are not short of ideas for a revised strategy to reduce GHGs from international shipping, but a proposal for a carbon pricing mechanism by a powerful group of nations led by China appears to fall short on ambition, according to documents reviewed by Carbon Pulse.
Read MoreVCM quality drive not seen solving removals vs avoidance credit debate
Upcoming principles to help measure offset quality will not rank “avoidance” over “removal” credits, a conference heard Wednesday, with experts expecting the debate within the voluntary carbon market (VCM) to continue to run.
Read MoreVCM Integrity Council appoints Indigenous and Local Community leadership
The Integrity Council for the Voluntary Carbon Market (ICVCM) announced on Tuesday the appointment of Indigenous people and Local Community (IPLC) representatives to its governing board and advisory board.
Read MorePledging power: Nations face early credibility test as GHG reporting deadline looms
Friday marks the due date for countries’ official tally of their 2020 GHG emissions, revealing which nations kept or broke their international climate promises, and pointing to potential trust implications for the UN’s Paris Agreement.
Read MoreCalifornia offset issuances top 1 mln as voluntary retirements pick up
California regulator ARB gave out more than 1 million compliance offsets for the second straight issuance period this past week, while a tech giant’s recent purchases may have boosted the number of credits retired for voluntary purposes, according to state data published Wednesday.
Read MoreNet zero non-governance leads to runaway climate change -report
If governments fully realise their net zero mitigation pledges the world could stabilise temperature rise at just below 2C but official UN pledges subject to international scrutiny are weaker and could see warming of as high as 3C, according to a paper published on Wednesday.
Read MoreBetter voluntary carbon market oversight on its way, say experts
There is limited authoritative oversight of the voluntary carbon market, but both private-led initiatives and governments are beginning to show interest, according to participants at the North American Carbon World (NACW) conference in Anaheim, California.
Read MoreUK govt to fund new regional Mexican voluntary carbon market
The British government will fund a voluntary carbon offset market across four Mexican states with the aim of potentially scaling up into a compliance-based mechanism, a conference heard Friday.
Read MoreANALYSIS: Scientific support for carbon removals has its limits
The Intergovernmental Panel on Climate Change (IPCC)’s pathways to maintaining a liveable planet rely on carbon removals, but the experts’ caution on how these technical and nature-based methods should be deployed suggest that governments are unlikely to give untrammelled backing.
Read More
