Carbon Market Watch welcomes the opportunity to provide feedback to the IFRS S2 Climate-related disclosures standard. We focus below on questions 5, and 10 which cover the topics of target setting and reporting of information related to corporate climate mitigation action.
Verra has launched a public consultation on a new methodology, developed by NCX, which proposes methods for the generation of carbon credits from activities aimed at deferring timber harvest by as little as one year. This response covers Carbon Market Watch’s (CMW) main comments on the methodology. It does not provide detailed advice on specific …
Verra is proposing to introduce tonne-year accounting, a method whereby it would issue credits representing the permanent storage of 1tCO2 to projects that store carbon temporarily. Each tonne sequestered for one year would be worth one “tonne-year” and one hundred tonne years would make up one carbon credit. For example, storing 1 tonne for 100 …
Read more “Carbon Market Watch response to Verra’s proposed “tonne-year accounting” method”
Kanaka Management Services Private Limited, a project developer, has proposed a Verra Verified Carbon Standard (VCS) project entitled ‘REDD+ Project in Oro Province of Papua New Guinea‘. If approved, this proposed project would be the second largest Verra VCS project, generating 8.1 million credits annually for 100 years. The proposed project was open for public …
The UK Climate Change Committee recently issued a public consultation on the subject of “Carbon Offsets call for evidence”, which closed on 28 February 2022. The consultation covered the main risks and opportunities presented by voluntary carbon offsets, the quality and duration of offsets, voluntary offset market regulation and standards, Harnessing Financial Flows, and more.
Les marchés internationaux du carbone représentent une grande opportunité de développement pour les pays africains, écrit Anyssé Kenfack Ngnintedem*. Les marchés internationaux du carbone, plus spécifiquement le régime de compensation des émissions de CO2 dans le secteur de l’aviation civile internationale (CORSIA), représentent une grande opportunité pour les pays africains. Ils permettent non seulement aux …
Read more “Amplifier la dynamique des marchés internationaux du carbone en Afrique”
The deal on Article 6 at COP26 has generated considerable interest and confusion. Join a group of leading experts to understand the implications of the new rules governing carbon markets.
After over five years of dithering and two weeks of intensive negotiations, the world’s governments settled on slimmed-down ground rules for carbon markets under the Paris Agreement’s Article 6. This deal will provide escape hatches for government and corporations seeking to renege on their climate responsibilities, in particular undermining the urgent emissions cuts needed in …
Read more “COP26: Half-baked carbon market rules fail to take heat off the climate”
We fight the climate wars no longer only against denialists but also against what climate scientist Michael Mann calls “inactivists”, writes Sabine Frank. I don’t know at which UN climate conference this trend began, but at COP15 in Copenhagen, the shift was certainly not yet apparent. The recent BBC ‘conspiracy thriller’ The Trick is a …
Read more “October editorial: COP26 and the rise of the climate inactivists”
Carbon markets are high on the agenda at the UN’s COP26 climate change conference. Carbon Market Watch’s Gilles Dufrasne has prepared this handy guide to explain the issues at stake related to Article 6. The next UN climate change conference (COP26) kicks off this weekend. One of the key items up for negotiation is the …
Read more “COP26: Five reasons why carbon markets (Article 6) matter”
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