Carbon markets have emerged as formidable instruments in the global fight against climate change. The Glasgow Climate Pact and the resulting enthusiasm around Article 6 have further underscored their importance. At the heart of this burgeoning industry lies the offset registry, a pivotal tool ensuring transparency, credibility, and efficacy. The Read more…
In the urgent quest to combat climate change, carbon markets have proven to be a pivotal tool, and within this, offset registries like the Climate Action Reserve have emerged as unsung heroes. The Essence of Offset Protocols The protocols set by the Climate Action Reserve are essential for ensuring the Read more…
In the rapidly evolving landscape of climate change mitigation, carbon markets emerge as a vital player. Experts from the IETA and University of Maryland (UMD) have suggested that if Parties to the Paris Agreement operate in tandem via international mechanisms like Article 6, we could witness transactions close to $1 Read more…
Year 2021 marked a pivotal year for the Voluntary Carbon Market (VCM), with transactions reaching $1 billion by early November. The market saw the trade of almost 300 million units. The adoption of rules for Article 6 of the Paris Agreement during COP26 further amplified the market’s prominence. However, as Read more…
In the ever-evolving landscape of climate action, the Voluntary Carbon Market (VCM) emerges as a beacon of hope and a tool for change. Navigating this landscape requires understanding the nuances of carbon credits: both the ones that advocate for emission avoidance and the others that focus on its removal. Carbon Read more…
At the confluence of rigorous research and comprehensive analysis, the University of Maryland and the Pacific Northwest National Laboratory have produced an enlightening paper. This work, titled “How much could Article 6 enhance Nationally Determined Contribution ambition toward Paris Agreement goals through economic efficiency?” was proudly presented in the Climate Read more…
As we delve into the world of carbon markets and climate mitigation, the importance of the Paris Agreement and its components, particularly Article 6, cannot be overstated. This provision paves the way for countries to accomplish their Nationally Determined Contributions (NDCs) in the most economically efficient manner. Carbon Markets: The Read more…
The global landscape has recently witnessed significant strides in the realm of climate agreements and carbon markets, particularly in the aftermath of COP26. With updated pledges and Article 6 guidance coming to light, there’s a newfound enthusiasm in the international community about the future of our planet. In this comprehensive Read more…
Emissions Trading Systems (ETSs): Expanding the Scope The ETS approach, originally targeting core sectors like power and industry, is undergoing a transformation. The world recognizes that for holistic climate solutions, other sectors too need to come under the ambit of ETS. With countries and regions redefining their climate targets, ETS Read more…
The world is witnessing an environmental revolution, and the carbon credit system has emerged as a linchpin in reaching the targets set by the Paris Agreement. The recent announcement of Internationally Transferred Mitigation Outcomes (ITMOs) ushers in a new era of cooperation and ambition. Understanding Internationally Transferred Mitigation Outcomes (ITMOs) Read more…