UN carbon markets body to start work on Article 6 crediting tools, present wider package by COP29

Published 17:38 on March 1, 2024  /  Last updated at 19:42 on March 1, 2024  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, Paris Article 6, US, Voluntary

Members of a UN body tasked with shaping carbon crediting under Article 6 will begin work immediately on several tools, including on baselines, additionality, and leakage, and open a consultation on methodological elements, in a bid to constructively push ahead on operationalising the international mechanism.

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Air cargo group launches voluntary carbon offsetting platform

Published 17:26 on March 1, 2024  /  Last updated at 17:26 on March 1, 2024  / Roy Manuell /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

A new portal enabling aviation industry firms and individuals to purchase voluntary credits to offset carbon emissions is now live, a spokesperson for The International Air Cargo Association (TIACA) confirmed to Carbon Pulse.

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Voluntary carbon credit retirements maintain pace in February, on track to reach 233 mln this year

Published 15:47 on March 1, 2024  /  Last updated at 09:15 on March 2, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Middle East, Nature-based, New Zealand, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.

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INTERVIEW: Puro to apply for CORSIA eligibility, issue credits from three more voluntary carbon methodologies

Published 15:49 on February 29, 2024  /  Last updated at 10:21 on March 1, 2024  / Rebecca Gualandi /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, EU ETS, International, Paris Article 6, UK ETS, Voluntary

Voluntary carbon removals standard Puro.earth will issue credits under three further methodologies this year and formally apply to have its units approved under the current phase of the UN’s CORSIA aviation offsetting scheme, the company’s CEO told Carbon Pulse.

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Switzerland and Ghana authorise first ITMOs from cookstove carbon project

Published 13:01 on February 29, 2024  /  Last updated at 13:01 on February 29, 2024  / Paddy Gourlay /  Africa, EMEA, International, Paris Article 6, Switzerland, Voluntary

Switzerland and Ghana have authorised the first sovereign carbon credits from a cookstoves project, meaning that once issued and transacted, they can be used towards the European country’s national Paris Agreement climate target.

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ICVCM revises down number of voluntary carbon credit methodologies assessed for integrity stamp, but promises quick turnaround

Published 13:00 on February 29, 2024  /  Last updated at 16:12 on February 29, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.

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Philippines ITMO registry operator launches digital platform for nature-based solutions

Published 10:29 on February 29, 2024  /  Last updated at 10:29 on February 29, 2024  / Chia-Erh Kuo /  Asia Pacific, Nature-based, Other APAC, Paris Article 6, Voluntary

The operator of the Philippines’ national carbon registry has unveiled a platform dedicated to the development of nature-based solutions (NBS).

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Guyana to sell first carbon credits eligible for current phase of UN CORSIA aviation offsetting scheme

Published 21:37 on February 28, 2024  /  Last updated at 22:05 on February 29, 2024  / Roy Manuell /  Americas, Aviation/CORSIA, Climate Talks, International, Nature-based, Paris Article 6, South & Central, US, Voluntary

Guyana will become the first country to see millions of its voluntary carbon credits deemed eligible and made available for global buyers in current phase of the UN’s CORSIA international aviation offsetting scheme.

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Cuba to offer financial incentive for CO2 removals from improved forest management

Published 16:26 on February 28, 2024  /  Last updated at 16:26 on February 28, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, International, Nature-based, Paris Article 6, South & Central, Voluntary

Cuba has legislated financial incentives to generate CO2 removals via improved forest management (IFM) through a certification process mediated by the government, according to a resolution published in the country’s Official Gazette on Feb. 21.

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South Pole appoints sustainable finance expert as new CEO

Published 09:30 on February 28, 2024  /  Last updated at 09:30 on February 28, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, Paris Article 6, South & Central, Voluntary

Large voluntary carbon project developer and investor South Pole has appointed the former head of sustainable finance at HSBC as its new CEO, the firm announced Wednesday.

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