CFEL24: Most VCM participants now seek compliance-eligible projects -ratings agency
Most voluntary carbon market (VCM) investors are now only looking at projects expected to fit within regulated regimes, like CORSIA or Article 6, according to the head of a carbon project ratings agency.
Read MoreCFEL24: UK could consider using Article 6 credits for ‘above and beyond’ mitigation as it mulls next NDC
The UK may use international credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country’s lead negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard on Tuesday.
Read MoreBRIEFING: Article 6 needs streamlining and specifics, fewer constraints, says carbon industry
UN negotiators should facilitate private sector involvement in Article 6 through measures designed to streamline deal-making, authorisation, and transaction, but should not over-emphasise central infrastructure or interpret the Paris Agreement to preclude REDD projects, according to a carbon trading industry body.
Read MoreArticle 6 body adopts sustainable development tool
The body mandated to shape the UN’s Article 6.4 carbon crediting mechanism has adopted a sustainable development tool, as it also scrambles to ready guidance ahead of COP29 next month.
Read MoreDubai summit highlights plans for UAE carbon registry
An Emirati resolution to establish a national registry of carbon credits aligned with Article 6 of the Paris Agreement earned special mention at the World Green Economy Summit held in Dubai this week.
Read MoreINTERVIEW: Demand for Article 6 units won’t suddenly boom in case of agreement
Demand for carbon credits aligned with Article 6 of the Paris Agreement is not going to suddenly spike if an agreement on rules to operationalise UN international carbon markets is found at COP29 at the end of the year, a senior EU negotiator told Carbon Pulse.
Read MoreRwanda, Sweden plan Article 6 cooperation
The Swedish Energy Agency (SEA) and the Rwandan Ministry of Environment signed an MoU on Thursday for a cooperative partnership under Article 6 of the Paris Agreement.
Read MoreANALYSIS: Voluntary carbon market must stop ‘infighting’ and own the narrative to usher in new era
Changing the narrative, such as dropping ‘offsetting’ language, will be crucial to navigating a successful transition away from years of scandal for the voluntary carbon market, but this will be contingent on the sector coming together and controlling the narrative, experts told a conference this week.
Read MoreANALYSIS: Article 6 can supplement finance goals at COP29
Article 6 is meant to create a UN carbon crediting and trading system, but it can also support adaptation and the overarching New Collective Quantified Goal (NCQG) financing target at COP29, experts have told Carbon Pulse.
Read MoreLaos prepares for access to international carbon market
Heavily forested Laos has issued a decree to “define principles” around cooperation in multilateral carbon market projects, a state-run newspaper said Thursday.
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