EU warned against rushed return to international carbon credits
The European Union risks repeating the mistakes of the Kyoto Protocol as it moves to reintegrate international carbon credits into its climate policy, a Brussels-based think tank has warned, amid growing calls to include next-generation credits in the EU carbon market.
Read MoreCountries need regulatory frameworks to fill integrity gaps for carbon credit markets -report
Regulatory oversight should be viewed as an enabling condition to scale up carbon credit markets, according to new research.
Read MoreSB64: Swiss ITMO buyer “sitting on a bag of money”, but funds may not be available in a few years
Supply bottlenecks make international carbon credit procurement cumbersome, but host country processes need to hasten to stimulate investment, said a representative of Switzerland’s procurement entity, adding domestic political pressures beckon on its horizon.
Read MoreUkraine adopts Article 6 pilot framework, national carbon registry rules
Ukraine has adopted a two-year framework on Wednesday to test procedures for authorising, issuing, and transferring mitigation outcomes under Article 6 of the Paris Agreement, alongside rules for a national carbon registry.
Read MoreBiogas carbon project secures approval from Kenya, eyes Article 6, CORSIA trade
A Kenyan biogas project has announced it has secured formal approval from the country’s government, eyeing Article 6 trade, just days after a government minister said the number of credits allowed for international sale would be limited to around 10 million until 2030.
Read MoreFragmented carbon credit rules could let developers “shop around” for weaker safeguards, report warns
Divergent rules for managing carbon reversal risks could weaken market integrity and encourage project developers to choose less demanding standards, according to a report released Thursday.
Read MoreSB64: FEATURE – SIDS say mitigation finance, Article 6 must move from ambition to implementation at Bonn
Small island developing states (SIDS) want the Bonn climate talks to move mitigation finance and Article 6 support beyond discussions and towards practical access to concessional capital, project preparation support, and implementation pathways needed to meet finance-dependent climate targets, experts told Carbon Pulse.
Read MoreColombia launches first zero-emissions cargo corridor, targets 1k electric trucks by 2032
The Colombian Ministry of Transportation, in partnership with several private and international organisations, has launched the country’s first zero-emissions freight corridor, aiming to tackle one of the country’s main sources of GHGs.
Read MoreSB64: BRIEFING – PACM influence on carbon markets extends far beyond Article 6.4, experts say
The Paris Agreement Crediting Mechanism (PACM), a UN-regulated carbon market grounded in Article 6.4 rules, is guiding national frameworks, voluntary market (VCM) standards, and even other UN schemes, experts and country delegates said on the sidelines of climate talks in Bonn.
Read MoreInternational finance lobby group urges EU to broaden recognition of carbon credits under CBAM
A major international financial markets lobby group has urged the European Commission to ensure that carbon prices paid in third countries under the EU’s Carbon Border Adjustment Mechanism (CBAM) encompass all recognised compliance instruments, including domestic and international credits, warning that proposed restrictions could undermine the bloc’s objective of preventing double carbon pricing.
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