ECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice
The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.
Read MoreCOMMENT: Growing Pains in the UK ETS
The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.
Read MoreCOMMENT: Offsetting 2.0 – how ratings can help avoid a race to the bottom
In order to avoid fungibility becoming a race to the bottom, the voluntary carbon market needs tools that recognise the variation in carbon returns and enables the creation of products that capture this variation, according to Sebastien Cross of BeZero Carbon.
Read MoreCOMMENT: Letâs remove ONLY what we canât avoid
While carbon removals will play a role in mitigating climate change, we cannot afford to take our focus away from the urgent objective of avoiding emitting in the first place, write Sarah Leugers and Owen Hewlett of Gold Standard.
Read MoreCOMMENT: Financing carbon dioxide removals â what role for ETS in the race to net zero?
Carbon pricing and specifically emissions trading systems can play an important role in incentivising removals necessary for achieving Paris Agreement emissions targets, according to the ICAP Secretariat.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: ART, JNR or GCF⌠Which is Best for Countries?
Carbon finance is growing and countries are faced with an array of choicesâincluding whether to pursue projects, nesting or jurisdictional REDD+, which standards to use in doing so, and what finance opportunity to pursue. The landscape can be a confusing array of options. In this contribution to the Shades of REDD+ series, targeted for forest countries, we try to demystify three opportunities to capture finance for jurisdictional REDD+ performance.
Read MoreCOMMENT: EU carbon’s “fine mess”
Carbonâs been on a bit of a journey in the last week, and to judge from the chatter in the market there really is no end in sight. How high can it go? What can stop it? Whoâs going to call the top? Most of the reasons why carbon is rising are clear and not really new. But what *is* new, to me at least, is the âfine messâ that has developed involving natural gas and carbon prices.
Read MoreCOMMENT: The next ETS arriving at Platform 4…
Now that EU ETS compliance is over with for another year, the market can metaphorically wash its hands and move on to the next course of this never-ending feast of carbon: the start of the UK ETS. The world’s newest carbon market is set to kick off, with both the inaugural free allocation and first auctions imminent. But where will UKAs price?
Read MoreCOMMENT: Assessing co-benefits in the voluntary carbon market
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) has collectively arrived at a solution for what âco-benefitsâ should count as part of a carbon credit. It believes this will help maintain quality in the market, increase transparency and also create a mechanism to develop an appropriate pricing benchmark for these âco-benefitsâ, according to Chris Leeds of Standard Chartered.
Read MoreECOSYSTEM MARKETPLACE – Claims+Credibility: Embracing Diversification to Scale Carbon Markets
If total greenhouse gas emissions in new or updated country plans offer a mere 0.5% reduction, greater ambition is needed from governments to fill this gap. Can a robust voluntary carbon market play an important role in this context?
Read More