Egypt to launch carbon insurance product in Q3 -official
A public-private partnership spearheaded by Egypt’s Financial Regulatory Authority (FRA) will launch carbon credit insurance in the coming months, an official told a webinar Tuesday.
Read MorePost-issuance legal risks for carbon credits manageable with pre-issuance products -report
Gaps and inconsistencies across global property law regimes regarding voluntary carbon credits (VCCs), typically construed as post-issuance problems, can be addressed using the pre-issuance risk management tools of ratings and insurance, according to a report published Monday.
Read MoreINTERVIEW: Developing countries need national tools to supplement int’l climate finance
Amid huge shortfalls in international climate finance during a ‘triple crisis’ of nature, climate, and burdensome debt, developing countries must apply new models and policies to unlock domestic and private sector funding, according to the co-chair of a high-level expert review.
Read MoreCarbon Pulse launches new NDC Tracker ahead of COP30 in Brazil
As countries submit new national climate plans to the Paris Agreement ahead of a September deadline, Carbon Pulse is keeping track of who’s submitted what, and gauging interest in Article 6 in particular among parties.
Read MoreEgyptian financial regulator expands influence in VCM oversight body
Egyptian Financial Regulatory Authority (FRA) Chair Mohamed Farid will be able to name more personnel to the country’s voluntary carbon market (VCM) oversight body, according to a decision issued Tuesday by the FRA’s Board of Directors.
Read MoreFEATURE: Key officials drive momentum for carbon markets in Iraq
A few high-ranking officials in the Iraqi government are accelerating Article 6 and voluntary carbon market (VCM) engagement after years of dormancy, with efforts centred on a new state-owned carbon markets enterprise.
Read MoreOECD urges Israel to raise carbon tax, boost climate efforts across power, building sectors
Israel’s newly implemented carbon tax applies too low a rate to natural gas and risks undermining the country’s climate targets, the Organisation for Economic Co-operation and Development (OECD) said in a report published last week.
Read MoreResearchers release open-access global map of nature-based carbon offset projects
A team of researchers has released a global open-access database containing the geospatial boundaries of 575 forest-based carbon offset projects across 55 countries, aiming to boost transparency in the voluntary carbon market.
Read MoreBahrain passes carbon tax bill
Both chambers of Bahrain’s legislature this week voted on and approved a bill that includes the creation of a carbon tax, leaving final ratification and promulgation up to the king.
Read MoreRatings could safeguard $15-bln market for voluntary carbon in compliance schemes, finds analysis
The transacted value of voluntary carbon credits integrated into compliance schemes could reach $15 bln by the early 2030s, according to a ratings agency – with ratings to play a key role in shoring up integrity.
Read More
