Top

Japan backs New Zealand-based project for JCM

Published 00:37 on February 3, 2023  /  Last updated at 00:37 on February 3, 2023  /  Asia Pacific, International, Japan, New Zealand, Other APAC, Paris Article 6  /  No Comments

Japan has agreed to co-fund the development of a second third-country project under the Joint Crediting Mechanism (JCM), that aims to utilise green hydrogen produced in New Zealand.

Read More
Top

COMMENT: One Planet, One Paris Agreement, One Carbon Standard and Accounting System

Published 21:45 on February 1, 2023  /  Last updated at 22:10 on February 1, 2023  /  Africa, Americas, Asia Pacific, Contributed Content, EMEA, International, Nature-based, Other APAC, Other Content, Paris Article 6, South & Central, Voluntary  /  No Comments

Concerns over the quality of carbon credits from Verra’s forestry projects are making headlines again, calling into question the validity of REDD+. This is a shame since ending deforestation is key to achieving a 1.5C world. But there is a solution, the UNFCCC REDD+ mechanism, write Kevin Conrad and Federica Bietta of the Coalition for Rainforest Nations (CfRN).

Read More
Top

Finland publishes guide on best practices for voluntary carbon market

Published 11:29 on February 1, 2023  /  Last updated at 11:34 on February 1, 2023  /  Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

The government of Finland on Wednesday published a guide to good practices for the voluntary carbon market (VCM), that aims to both improve the reliability of the domestic market and also create opportunities for Finnish companies to utilise credits as part of climate strategies in a responsible manner.

Read More
Top

South Korea secures first government CDM deal in Uzbekistan

Published 03:19 on January 27, 2023  /  Last updated at 03:19 on January 27, 2023  /  Asia Pacific, Kyoto Mechanisms, Other APAC, Paris Article 6, South Korea, Voluntary  /  No Comments

South Korea has signed its first government contract to buy Clean Development Mechanism (CDM) carbon credits from a landfill gas project in Uzbekistan.

Read More
Top

Ratings agency urges UN to learn “lessons” from voluntary carbon market for Article 6 crediting

Published 20:18 on January 26, 2023  /  Last updated at 20:26 on January 26, 2023  /  International, Nature-based, Paris Article 6, Voluntary  /  No Comments

The co-founder of a carbon credit ratings agency on Thursday urged the UN to ensure that the “lessons of the voluntary carbon market” are applied to the issuance of credits under the Paris Agreement’s Article 6, referring to recent media allegations of over-crediting in REDD+ projects.

Read More
Top

FEATURE: Ghana emerges as frontrunner on Paris Agreement-era carbon sales

Published 22:08 on December 21, 2022  /  Last updated at 09:06 on December 22, 2022  /  Africa, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Switzerland, Voluntary  /  No Comments

Ghana is fast developing global leadership as a seller of carbon credits under the Paris Agreement’s Article 6 international trade provision by establishing levies on such exports, having already developed key relationships with several buyer nations and big-hitting trading houses.

Read More
Top

Oil major admits Indigenous people could miss out on benefits from Congo reforestation project

Published 18:33 on December 20, 2022  /  Last updated at 18:33 on December 20, 2022  /  Africa, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

A major oil company is considering extending the area of its reforestation carbon credit project in the Republic of Congo, after details were brought to light by Carbon Pulse about how some Indigenous people living within the original remit of the venture will not be entitled to receive compensation and benefits.

Read More
Top

UNDP and Klik Foundation sign MoU for international carbon trade

Published 17:02 on December 20, 2022  /  Last updated at 17:02 on December 20, 2022  /  International, Paris Article 6  /  No Comments

The United Nations Development Programme (UNDP) and Switzerland’s Klik Foundation have announced that they wish to cooperate in their climate protection efforts under Article 6 of the Paris Agreement as part of a Memorandum of Understanding (MoU), they announced Monday.

Read More
Top

Standards body refutes claims of not consulting local people in huge forestry project

Published 12:45 on December 20, 2022  /  Last updated at 13:24 on December 20, 2022  /  Americas, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

A critical letter about the treatment of indigenous people in a jurisdictional forestry conservation project in Guyana involving the oil major Hess has been refuted by the standards body crediting the scheme, the jurisdictional Architecture for REDD+ Transactions (ART) programme.

Read More
Top

Two more African nations ready themselves for international carbon trading

Published 23:42 on December 19, 2022  /  Last updated at 02:52 on December 20, 2022  /  Africa, Carbon Taxes, EMEA, Nature-based, Paris Article 6, Voluntary  /  No Comments

Two more African nations have introduced guidelines and regulations to govern carbon trading, with a view to selling forest credits and other types of offsets to foreign buyers.

Read More