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ECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice

Published 15:07 on June 10, 2021  /  Last updated at 15:07 on June 10, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, REDD, Views, Voluntary Market  /  No Comments

The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.

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COMMENT: Growing Pains in the UK ETS

Published 12:22 on May 31, 2021  /  Last updated at 12:22 on May 31, 2021  /  Conversations, EMEA, EU ETS, UK ETS, Views  /  No Comments

The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.

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COMMENT: Offsetting 2.0 – how ratings can help avoid a race to the bottom

Published 19:56 on May 20, 2021  /  Last updated at 20:22 on May 20, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

In order to avoid fungibility becoming a race to the bottom, the voluntary carbon market needs tools that recognise the variation in carbon returns and enables the creation of products that capture this variation, according to Sebastien Cross of BeZero Carbon.

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COMMENT: Let’s remove ONLY what we can’t avoid

Published 18:41 on May 20, 2021  /  Last updated at 18:41 on May 20, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, Conversations, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

While carbon removals will play a role in mitigating climate change, we cannot afford to take our focus away from the urgent objective of avoiding emitting in the first place, write Sarah Leugers and Owen Hewlett of Gold Standard.

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COMMENT: Financing carbon dioxide removals – what role for ETS in the race to net zero?

Published 12:40 on May 18, 2021  /  Last updated at 12:40 on May 18, 2021  /  Americas, Asia Pacific, Canada, China's National ETS, Conversations, EMEA, EU ETS, International, New Market Mechanisms, New Zealand, REDD, South Korea, Switzerland, UK ETS, US, Views, Voluntary Market  /  No Comments

Carbon pricing and specifically emissions trading systems can play an important role in incentivising removals necessary for achieving Paris Agreement emissions targets, according to the ICAP Secretariat.

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COMMENT: EU carbon’s “fine mess”

Published 09:56 on May 14, 2021  /  Last updated at 09:56 on May 14, 2021  /  Conversations, EMEA, EU ETS, Views  /  No Comments

Carbon’s been on a bit of a journey in the last week, and to judge from the chatter in the market there really is no end in sight. How high can it go? What can stop it? Who’s going to call the top? Most of the reasons why carbon is rising are clear and not really new. But what *is* new, to me at least, is the “fine mess” that has developed involving natural gas and carbon prices.

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COMMENT: The next ETS arriving at Platform 4…

Published 11:34 on May 10, 2021  /  Last updated at 11:34 on May 10, 2021  /  Conversations, EMEA, EU ETS, UK ETS, Views  /  No Comments

Now that EU ETS compliance is over with for another year, the market can metaphorically wash its hands and move on to the next course of this never-ending feast of carbon: the start of the UK ETS. The world’s newest carbon market is set to kick off, with both the inaugural free allocation and first auctions imminent. But where will UKAs price?

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COMMENT: Assessing co-benefits in the voluntary carbon market

Published 19:35 on May 5, 2021  /  Last updated at 21:49 on May 5, 2021  /  Conversations, REDD, Views, Voluntary Market  /  No Comments

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) has collectively arrived at a solution for what ‘co-benefits’ should count as part of a carbon credit. It believes this will help maintain quality in the market, increase transparency and also create a mechanism to develop an appropriate pricing benchmark for these ‘co-benefits’, according to Chris Leeds of Standard Chartered.

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ECOSYSTEM MARKETPLACE – Claims+Credibility: Embracing Diversification to Scale Carbon Markets

Published 23:44 on April 26, 2021  /  Last updated at 16:58 on June 1, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  1 Comment

If total greenhouse gas emissions in new or updated country plans offer a mere 0.5% reduction, greater ambition is needed from governments to fill this gap. Can a robust voluntary carbon market play an important role in this context?

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COMMENT: “Fasten your seatbelts, it’s going to be a bumpy night.”

Published 21:13 on April 16, 2021  /  Last updated at 21:13 on April 16, 2021  /  Conversations, EMEA, EU ETS, Views  /  No Comments

The EU carbon market’s compliance season is almost over. A large proportion of industrials have by now completed their 2020 purchases, and the market seems to be on the verge of crossing €45/t at the same time. So we turn to the question of “what next?” Here are some of the factors that carbon reporter Alessandro Vitelli thinks are at play.

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