INTERVIEW: Non-profit seeks to provide India with first voluntary carbon market registry
An Indian non-profit is working to establish the country’s first indigenous registry for the voluntary carbon market, its executives told Carbon Pulse in an interview.
Read MoreArab League signs MOU with Qatar-based centre to build Article 6 capacity -media
The Arab League on Monday signed a Memorandum of Understanding (MoU) with a Qatari sustainability institution to enhance regional cooperation and build local capacity on carbon markets, according to reports in regional media.
Read MoreINTERVIEW: EU could accept Article 6 credits for CBAM, ETS — if they’re strong enough, says ex-top official
The EU could accept international carbon units in its Carbon Border Adjustment Mechanism (CBAM), ETS, or ETS2 schemes — as long as the credits are of a high enough quality, according to a former top climate official.
Read MoreUS President Trump declares “national energy emergency”, exits Paris Agreement
US President Donald Trump declared a national energy emergency during his inaugural speech on Monday, in a move aimed at unleashing fossil fuel production in the country, and ended the day by exiting from the Paris Agreement.
Read MoreLATAM Roundup: Mexico eyes ETS as subnational CO2 taxes spread, Honduras targets Article 6
The administration of new Mexican President Claudia Sheinbaum last week stated it would prioritise operationalising the country’s long-delayed emissions trading system (ETS), potentially leading a recent wave of ETS plans in the region, though subnational CO2 taxes continue as the dominant carbon pricing mechanism in the North American country.
Read MoreCARBON FORWARD MIDDLE EAST: Iraq steps up Article 6 push with project reviews, talk of ‘cooperative approaches’
The Iraqi government has in recent weeks deliberated on cooperative approaches, a source familiar with the matter said Friday – just weeks after the country announced it had begun reviewing carbon project proposals to take the Paris Agreement from theory to practice.
Read MoreCARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.
Read MoreCARBON FORWARD MIDDLE EAST: FEATURE – Compliance emissions pricing measures take root in the Gulf
Multiple gulf states have adopted domestic greenhouse gas (GHG) emissions pricing or reporting schemes over the past year, reflecting coordinated efforts to reduce the carbon intensity of their economies, market participants said at Carbon Forward Middle East in Abu Dhabi.
Read MorePREVIEW: High hopes for Indonesian exchange’s first international carbon credit sale, but doubts raised over buyer interest
Indonesia’s first international sale of carbon credits on its national exchange next week has been hailed as an exciting development for the country’s market, but observers have raised concerns that there could be a lack of interested buyers for a multitude of reasons.
Read MoreSwitzerland commits millions for carbon removal projects
Switzerland has opened a funding round worth CHF 100 million (€106 mln) to develop carbon removal projects in the country, the government announced Thursday.
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