FEATURE: Colombian safeguards draft decree could suffocate existing nature-based carbon projects if enacted, market players say
Provisions on crediting periods and the ownership of carbon credits in a draft decree regulating land-based mitigation activities could place even greater financial strain on an already weakened Colombian carbon market if enacted, stakeholders have told Carbon Pulse.
Read MoreNbS carbon removal offtake security costs could raise credit prices, report warns
Security requirements in long-term nature-based (NbS) carbon removal offtake agreements could increase developers’ financing needs and push up credit prices, particularly for early-stage projects in the Global South, a new report has warned.
Read MoreCOMMENT: If a Month of Football Is Worth a Tax Break, the Climate Is Worth More
If governments are willing to suspend tax rules to host a football tournament, they should consider doing the same for verified carbon and recycling credits to unlock the private capital needed for climate action.
Read MoreIndia proposes risk buffer for nature-based projects under offset scheme, seeks input
India has launched a consultation on draft rules that would allow nature-based carbon projects into its emerging carbon market, proposing a risk-buffer system for forest, wetland, mangrove, and soil carbon activities.
Read MorePeru’s national carbon registry adds two new standards
Peru’s Ministry of Environment (MINAM) has accredited two new standards and added 17 new methodologies to the national carbon registry RENAMI, as per a resolution issued Thursday.
Read MoreEU’s CRCF forest methodology needs baseline, risk-based rules to avoid over-crediting -report
The EU should tailor its Carbon Removals and Carbon Farming Regulation (CRCF) methodology for improved forest management (IFM) to regional climate risks and forest conditions, while tightening baseline rules to reduce over-crediting risks, a policy brief published Thursday said.
Read MoreMalaysia seeks ICVCM, CORSIA alignment for national forest carbon registry
Malaysia is seeking to upgrade its national forest carbon registry to meet standards set by the Integrity Council for the Voluntary Carbon Market and the aviation sector’s Carbon Offsetting and Reduction Scheme for International Aviation.
Read MoreFEATURE: Corporates excited about new SBTi climate standard’s nod to market instruments
Companies are “excited about finally having clarity” on using market instruments to show progress towards their climate targets under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, say consultancies referring to the standard’s “incredible ripple effect”.
Read MoreIndependent monitoring could serve jurisdictional, investor needs in J-REDD+, speakers say
Independent due diligence on jurisdictional claims will be increasingly necessary for generating buyer-facing confidence in jurisdictional REDD+ (J-REDD+) programmes, speakers said during an online event on Thursday.
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 More