COMMENT: ICAO’s carbon market report offers valuable lessons for Article 6 talks
A report by experts recommending carbon credits for the ICAO’s CORSIA international aviation mechanism provides valuable lessons for the Article 6 negotiations. Even in the absence of an Article 6 agreement at COP26, countries which want to use global carbon markets should heed these lessons.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Should forest offsets be eligible for CORSIA?
When operating details of the Kyoto Protocol’s CDM were negotiated from 2001-03, many voiced concerns about forest carbon credits and their high risk of reversals, potential to displace emissions, and the difficulties in accurately quantifying emission reductions. Nearly two decades on, it is worthwhile to reconsider the question of whether or not forest mitigation could be ready for carbon markets. The question is back on the table as ICAO sets up a scheme for reducing emissions from international air travel.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Nesting – A good or bad piece of Swiss cheese?
There was a time when people thought that forests were the low-hanging fruit of the climate challenge, and that reducing emissions from deforestation was fast, easy, and cheap. No one thinks that anymore.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Bridging the National vs Project Divide
Efforts to reduce tropical deforestation are divided into two separate worlds: One that believes that governments need to lead any effort on reducing emissions from deforestation and degradation (REDD+), and one that sees a role for private carbon projects. We must unify these worlds to increase the chances to curb deforestation.
Read MoreCOMMENT: Carbon markets in Pakistan – Can the myth be turned into a reality?
A carbon pricing instrument could support Pakistan reducing its greenhouse gas emissions and set the country into a lower-emissions pathway. However, carbon pricing cannot be seen in isolation, as an end in itself, and therefore it is important to ensure such approach is aligned with national priorities and that it can support and reinforce other existing policies, UNFCCC carbon pricing consultant Syeda Hadika Jamshaid argues in this op-ed.
Read MoreECOSYSTEM MARKETPLACE: Understanding Elizabeth Warren’s Climate Change Risk Disclosure Act
The Green New Deal has been the focal point of the climate debate among the Democratic presidential candidates. Less publicized is the Climate Risk Disclosure Act, a proposal from Senator and presidential contender Elizabeth Warren, that seeks to frame climate change as a threat to the public markets.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Can Oil and Aviation Fuel a Marshall Plan for Forests?
Deforestation is increasing around the world, and we need a Marshall Plan for Forests. But who will fund it? In this installment of the series “Shades of REDD+”, we look at two sectors that may soon comprise the largest source of demand for forest carbon credits. Both can be part of the solution, but only if key criteria are met.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: A Marshall Plan for Tropical Forests?
Farming and forestry account for nearly a quarter of all the greenhouse gas emissions generated by man, and deforestation of tropical forests accounts for half of this. To end deforestation, we must find solutions to make conservation of forests financially viable, and REDD+ is a key part of that.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: New Series to Explore History and Future of Forest Finance
Deforestation is a classic “wicked problem” with no easy solutions. REDD+ has been conceived to be the master of this problem. In this new series, we’ll look whether REDD+ has delivered on the early hopes, how it is implemented in countries, what works, what doesn’t – and of course, how it could still become a story of success.
Read MoreECOSYSTEM MARKETPLACE: Brazil slashed GHG emissions 70% before Bolsonaro, and nobody noticed
Last week, Brazil’s top security adviser said that the Amazon forest was his country’s to exploit, regardless of the impact on greenhouse gas emissions. “I don’t accept this idea that the Amazon is world heritage, this is nonsense,” General Augusto Heleno Pereira said. “The Amazon is Brazilian, the heritage of Brazil and should be dealt with by Brazil for the benefit of Brazil.”
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