BRIEFING: World Bank REDD Deals
Three African nations have now signed deforestation reduction agreements under the World Bank’s Forest Carbon Partnership Facility (FCPF) that could form the base of possible international emissions trade, with more deals expected to come later this year.
Read MoreFinland to overcompensate for EU presidency flight emissions
Finland will buy 130,000 Gold Standard CERs from developer South Pole to overcompensate for flight emissions during its upcoming six-month term holding the rotating EU Presidency.
Read MoreJapan to co-fund seven new JCM projects for 3.8 mln carbon credits
Japan’s environment ministry on Thursday announced it would co-fund seven projects that it expects could generate almost 4 million carbon credits under the Joint Crediting Mechanism (JCM) by 2030.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreIndia outlines options for small-scale industry carbon market
India has decided to proceed with a voluntary carbon market for its small-scale industrial sector and has outlined options for what the programme might look like, while pausing plans to include the waste sector.
Read MoreKorean firms eye Myanmar mangrove CDM project
South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.
Read MoreCarbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report
The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.
Read MoreIndia launches first emissions trading experiment
India on Wednesday launched a regional air pollution emissions trading market, marking a shift to a more market-based approach to dealing with environmental issues as a voluntary carbon trading programme is also on the steps.
Read MoreASEAN would benefit from closer ties on MRV, carbon trading, study finds
There is scope for ASEAN nations to cooperate closer on MRV and carbon pricing instruments, paving the way for what could eventually evolve into a region-wide emissions trading market, a study has found.
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