Japan backs New Zealand-based project for JCM
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 MoreCOMMENT: One Planet, One Paris Agreement, One Carbon Standard and Accounting System
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 MoreFinland publishes guide on best practices for voluntary carbon market
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 MoreSouth Korea secures first government CDM deal in Uzbekistan
South Korea has signed its first government contract to buy Clean Development Mechanism (CDM) carbon credits from a landfill gas project in Uzbekistan.
Read MoreRatings agency urges UN to learn “lessons” from voluntary carbon market for Article 6 crediting
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 MoreFEATURE: Ghana emerges as frontrunner on Paris Agreement-era carbon sales
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 MoreOil major admits Indigenous people could miss out on benefits from Congo reforestation project
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 MoreUNDP and Klik Foundation sign MoU for international carbon trade
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 MoreStandards body refutes claims of not consulting local people in huge forestry project
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 MoreTwo more African nations ready themselves for international carbon trading
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.
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