ANALYSIS: Ageing UN carbon projects eye voluntary carbon market opportunities in light of Article 6 delays
Projects from the UN’s Kyoto Protocol-era Clean Development Mechanism (CDM) are transitioning to the voluntary carbon market (VCM) in light of stalling Article 6 negotiations, experts have told Carbon Pulse, though some caution that opportunities may only be short term, and units could be a tough sell for some buyers.
Read MoreBolivia proposes Amazonian mechanism as a non-market approach to climate mitigation -media
Bolivia supports creating a regional Amazonian mechanism for climate change mitigation and adaptation through sustainable forest management, but would avoid carbon markets, according to remarks by Bolivian Vice-President David Choquehuanca, as reported by local media.
Read MoreUS-led Indo-Pacific initiative plans Article 6 collaboration, weighs big spending on carbon removals
The Indo-Pacific Economic Framework (IPEF), spanning 13 countries across the region and the US, has penned a Clean Economy Agreement (CEA) that involves collaboration on the Paris Agreement’s Article 6 and potential spending of as much as $10-15 billion on carbon removals this decade.
Read MoreINTERVIEW: Carbon royalties for state, market exposure for communities would help Article 6 succeed -developer
Allowing governments access to a portion of the credits from carbon projects they host, and giving communities greater exposure to markets, would help Article 6 to get off the ground, according to a project developer.
Read MoreExchange to imminently launch CORSIA, REDD+ voluntary carbon futures
A Singapore-based exchange is expected to be ‘weeks away’ from launching two physically-settled voluntary carbon futures contracts, one focused on units eligible for the current phase of CORSIA, and the second on jurisdictional REDD+ credits.
Read MoreMajor Korean utility to pursue energy efficiency projects for Paris-aligned carbon credits
A subsidiary of South Korea’s largest power company has partnered with a domestic cement producer to conduct international energy efficient projects in the Asia-Pacific that can generate Paris-aligned carbon credits.
Read MoreCF ASIA: Asian countries should allow offsets in their compliance schemes, banker says
Project-based carbon credits complement compliance markets and countries in the Asia-Pacific region should allow them in their compliance programmes to help drive demand for credits, a banker told Carbon Forward Asia conference on Friday.
Read MoreCF ASIA: India at least half a year away from seeing first offset project in domestic market
The first project to be registered under India’s domestic carbon market is likely at least half a year away, as the South Asian nation is still building the technical foundations that will underpin the scheme, an expert told the Carbon Forward Asia conference.
Read MoreTaiwan carbon exchange signs MoU to source carbon credits from Eswatini
Taiwan’s stock and carbon exchanges signed Memorandums of Understanding (MoU) with their market counterparts in the African kingdom of Eswatini, aiming to link the two nation’s carbon markets, they announced Tuesday.
Read MoreANALYSIS: Experts hail “milestone” German net negative emissions proposal
Industry stakeholders have described Germany’s plans to establish a 2060 target for achieving net negative GHGs as a “significant milestone” for the carbon removals space and international climate action.
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