US govt funds initiative to support nations’ Article 6, CORSIA carbon trading strategies
The US Department of State is lending financial support to an effort that will help developing countries’ governments improve their national climate strategies under the Paris Agreement’s market-based Article 6 and separate CORSIA mechanism for international aviation through carbon trading.
Read MoreToyota seeks carbon credits from Saudi solar power plant
Japan’s Toyota Tsusho Corp. is investing in a 100MW solar power project in the Wadi ad-Dawasir region in southwestern Saudi Arabia that will generate carbon credits under the Joint Crediting Mechanism (JCM), and on Friday secured support from the government, which will co-fund the project development.
Read MoreUAE signs forest carbon agreements with two African nations
The United Arab Emirates on Tuesday signed deals with two separate African countries to develop forest conservation projects on the continent and earn carbon credits.
Read MoreUNDP, Switzerland defend rice farming methodology amid Verra decision to halt use
The UN’s Development Programme and Switzerland have defended the rice farming methodology behind the first authorised emissions transfer under the Paris Agreement, with a senior official emphasising key differences to the Verra protocol that was halted last week over integrity concerns.
Read MoreJapan 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.
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