UN explores repurposing CDM-based online offset platform for Paris era
The UNFCCC is considering repurposing its voluntary offset platform, which is supplied by Kyoto-era credits, in order to support the new carbon credit generation mechanism under the Paris Agreement.
Read MoreLATAM Roundup: LAC awaits Article 6 credits, sees limited ETS progress
Carbon Pulse rounds up June’s developments in Latin American and Caribbean (LAC) carbon markets, seeing two countries score high-priced Article 6 deals with a Swiss agency and several others make minor ETS announcements, though direct taxes continue as the region’s carbon pricing mainstay.
Read MoreBRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility
The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.
Read MorePREVIEW: Mexican presidential candidates offer options towards national decarbonisation
Candidates in Mexico’s presidential election – to be held this Sunday – have presented differing approaches to ramping up the country’s climate ambitions.
Read MoreLATAM Roundup: Article 6 heats up and compliance systems seek certifiers in South America
Carbon Pulse rounds up May’s developments in Latin American and Caribbean carbon markets, seeing South American countries push forward under Article 6 bilateral agreements, compliance carbon pricing systems broaden their base of certification schemes, and new announcements of large-scale nature-based projects.
Read MoreMexican body introduces national carbon standard in push for voluntary market transparency -media
A Mexican standards body has launched a new version of an international offsetting standard adapted to the national context as the country moves to pass new transparency regulations governing the voluntary carbon market (VCM), according to a local media report.
Read More2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
Read MoreVCM Report: Bad headlines abound, but voluntary carbon prices little changed
Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.
Read MoreINTERVIEW: French environmental company pilots biodiversity credits in Mexico
A French-based environmental company has started piloting a biodiversity credit methodology for nature conservation and restoration projects in Mexico, with the first results expected by the end of October, Carbon Pulse has learned.
Read MoreICVCM decision on first eligible voluntary carbon methodologies delayed til June as Verra, ART get nod of approval
Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)’s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.
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