LCAW26 roundup: Hope floats for climate action while London drips in heat
Scorching heat dominated this year’s London Climate Action Week – even amid talk of new challenges and ideas, ranging from the hopes and fears posed by AI, to the need and opportunity to quickly stem ultra-potent superpollutants.
Read MoreINTERVIEW: French real estate pioneer shapes EU push to certify CO2 stored in buildings
France’s decade-old BBCA low carbon building label has provided the “laboratory” and much of the methodology now underpinning Europe’s push to create a single low carbon label and certification scheme for biogenic CO2 stored in buildings, its president Stanislas Pottier told Carbon Pulse in an interview.
Read MoreLonger reference periods could improve reduced deforestation emissions estimates -study
Longer historical reference periods could improve confidence in estimating emissions reductions from reduced deforestation initiatives, according to new research.
Read MoreLCAW26: CBAM is the stick, Article 6 the carrot, and market instruments the tool to implement, says commodities trader
The clearest route to scaling carbon markets is to penalise emissions using carbon border fees and reward low-carbon intensity products through the use of market instruments such as book-and-claim and environmental attribute certificates (EACs), according to a representative of a global commodities trading house.
Read MoreLCAW26: INTERVIEW – Japanese govt should look beyond domestic carbon market to international credits, investor group says
The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).
Read MoreEU, US corporates could drive $17 bln of annual climate investment by addressing ongoing emissions, says Gold Standard
Companies across the EU and US could mobilise around $17 billion annually for climate action if they adopt the ‘advanced’ level of the Science Based Targets initiative’s ongoing emissions framework under its newly updated corporate standard, said Gold Standard on Thursday as it released a report setting out how such emissions could be dealt with.
Read MoreLCAW26: Voluntary carbon coalition rebrands and launches fellowship
A coalition of academic institutions, non-profits, and private businesses has rebranded itself and launched a new fellowship programme to help scale high-integrity carbon markets, the group announced Tuesday.
Read MoreLCAW26: Indonesia’s new carbon registry coming in two weeks -minister
Indonesia is set to launch its carbon credit registry in two weeks, as part of the country’s push to drive finance towards the protection of its vast forests, the country’s forestry minister confirmed during London Climate Action Week on Wednesday.
Read MoreLCAW26: New mechanism to mitigate very long-term project risk launching this year
Mitigating reversal risk in carbon markets beyond the standard project life horizon will be possible with a new market-wide ‘Permanence Trust’ mechanism to be piloted later this year, said experts at London Climate Action Week.
Read MoreUPDATE – LCAW26: Singapore, ICVCM partner up to advance carbon markets in Asia
The Singapore government and the Integrity Council for the Voluntary Carbon Market (ICVCM) have signed an agreement to advance high-integrity carbon markets in Asia, they announced Wednesday during London Climate Action Week.
Read More