UN talks bring climate damage to the fore ahead of Egypt summit
Rich-to-poor payments for climate-related harm is set to be the focus of year-end UN climate negotiations, experts said on Thursday as interim talks wrapped in Bonn amid concerns over whether voluntary carbon market infrastructure should feature in a new global emissions trading regime.
Read MoreRace to Zero campaign tightens rules to help prevent greenwashing
The UN-backed Race to Zero campaign updated its criteria on Wednesday to ensure credible net zero targets from corporates and financial organisations, aiming to overcome greenwashing concerns while specifying requirements for carbon credit use and other elements.
Read MoreUN climate talks outline steps needed to advance global carbon markets
UN climate negotiations in Bonn have outlined several technical issues that need to be addressed to advance government-level emissions trade, including infrastructure to track trade, accounting practicalities, and other issues that also have implications for the voluntary carbon market (VCM).
Read MoreEighty five nations seek ‘share of proceeds’ from voluntary carbon market
Some 85 vulnerable countries are urging the voluntary carbon market to apply principles from the Paris Agreement’s Article 6 emissions trading rulebook, including shaving off a share of credit issuance proceeds to help them cope with a warmer climate.
Read MoreTech to check: The digital revolution is finally coming to carbon project verification
While interest in the voluntary carbon market (VCM) continues to surge, some of the underlying mechanics need a revamp to keep pace, according to some experts highlighting how harnessing technology can improve both carbon project verification and overall impacts.
Read MoreGold Standard softens stance on adjusted credits in new claims guidelines
Carbon credit certifier Gold Standard issued new guidelines on Thursday for how its units can be used by voluntary buyers given the new Paris Agreement context, providing greater flexibility on the need for authorisation from the project’s host-country government.
Read MoreShipping’s net zero ambition in the doldrums at the IMO
On World Oceans Day, international shipping looks set to run aground of progress to phase out emissions, with governments clashing at the UN’s International Maritime Organisation (IMO) negotiations over a potential global 2050 net zero emissions goal.
Read MoreClarksons introduces VER platform for corporate shipping clients
Integrated shipping services firm Clarksons has launched a carbon mitigation platform that will allow its clients to purchase VERs from two global offset standards.
Read MoreChile finalises climate strategy legislation, announces CO2 pricing cooperation with Canada
The Chilean government on Sunday presented details of the country’s much anticipated climate legislation to reach net zero emissions by 2050, and followed this on Monday by announcing collaboration with Canada on carbon pricing initiatives.
Read MoreVCM Report: Technology-based VER prices lift after lengthy slump
Standardised technology-based credits lifted for the first time in two months this week while nature-based units again stalled amid moderate trade.
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