Carbon market “co-benefit premiums” could steer finance towards higher-impact nature projects -researchers
Adding “co-benefit premiums” to carbon markets to reward nature-based climate projects that deliver measurable adaptation, biodiversity, and social benefits alongside carbon sequestration, could redirect investment towards higher-impact projects that are currently overlooked.
Read MoreBrussels still considering whether to include international credits in EU ETS
The European Commission is weighing whether to give international carbon credits a narrow, delayed role in the EU Emissions Trading System (EU ETS) after 2035, as senior officials insist they will not be allowed as standard compliance units for regulated companies.
Read MoreBRIEFING: Chile’s low CO2 tax rate excluding REDD+ credits, unlikely to rise
Chile’s Ministry of Environment (MMA) is actively courting REDD+ projects to diversify the portfolio of carbon credits used to offset its CO2 tax – but the low $5 per tonne tax rate can make it economically inviable to integrate them.
Read MoreIndonesia’s new registry clears voluntary carbon exports without authorisation
Indonesia has issued new rules allowing some carbon credits to be traded overseas without government authorisation or corresponding adjustments, while setting out a framework for international standards to operate within the country’s revamped registry system due to be launched later this week.
Read MoreBrussels outlines upcoming EU ETS changes, granting industry €6 bln in extra free allowances
The European Commission will propose a targeted amendment to the EU Emissions Trading System (ETS) next week that is expected to provide industry with an additional €6 billion worth of free carbon allowances over the 2026-30 period, while outlining other elements of the reform meant to give more leeway for industries to continue emitting into the 2040s, also clarifying that some 400 million permits as part of an ‘Investment Booster’ will not be monetised by the bloc.
Read MoreParis Agreement Article 6 registries on track for year-end launch
The two registries that will operate the Paris Agreement’s Article 6 mechanism will be operational by the end of this year, the UNFCCC said Tuesday.
Read MoreEnvironmental groups urge DRC to pause carbon market law, warning over governance risks
Environmental groups in the Democratic Republic of the Congo (DRC) have called on the government to halt its proposed carbon market legislation, warning that the draft law risks undermining existing governance reforms and investor confidence by advancing without sufficient consultation.
Read MoreBrazil proposes up to 50 MtCO2e in ITMO transfers through 2031-35 in draft resolution
The Brazilian government has proposed authorising up to 50 million tonnes of CO2e in Internationally Transferred Mitigation Outcomes (ITMOs) for international transfer during 2031-35, according to a draft resolution published on Tuesday.
Read MoreVerra signs capacity building agreement with Argentine province, looks to support international transfers
The government of Argentina’s Misiones has signed a memorandum of understanding (MoU) with Verra to strengthen the province’s technical capacity to participate in international carbon markets, following the standard’s recent approval of its landmark jurisdictional forest carbon programme.
Read MoreEU should use international credits to build carbon pricing systems abroad, policy brief says
The EU should use its quota for international carbon credits to help build domestic carbon pricing systems in partner countries, rather than treating them as a cheaper route to fulfilling its 2040 emission targets, according to a recent policy brief.
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