Cooperative Mechanisms under Article 6 of the Paris Agreement

Blue Carbon and FAB Sign MOU to Accelerate Climate Action and Green Investments

Retrieved on: 
Friday, September 22, 2023

Climate finance is increasingly assuming a central role in the global battle against climate change, as highlighted in the recent Africa Climate Summit.

Key Points: 
  • Climate finance is increasingly assuming a central role in the global battle against climate change, as highlighted in the recent Africa Climate Summit.
  • The partnership between Blue Carbon and FAB is therefore set to accelerate climate progress and channel crucial green investment capital towards much needed mitigation-based projects.
  • Commenting on this transformative collaboration, Sheikh Ahmed Dalmook Al Maktoum Chairman of Blue Carbon, noted, "We see immense potential in the collaboration between Blue Carbon and FAB to elevate climate finance to new heights.
  • This partnership will also facilitate carbon offset transactions between Blue Carbon and FAB that align with FAB's overarching sustainability objectives, the climate mitigation agenda of COP28 and the UAE's impressive NetZero2050 vision.

CERO Technologies Launches Carbon Credit Generation SaaS Platform

Retrieved on: 
Wednesday, September 20, 2023

CERO's digital Measurement, Reporting and Verification (dMRV) platform brings efficiency, automation, and transparency to carbon credit creation, positioning the company to help the world meet its decarbonization targets

Key Points: 
  • CERO's digital Measurement, Reporting and Verification (dMRV) platform brings efficiency, automation, and transparency to carbon credit creation, positioning the company to help the world meet its decarbonization targets
    VANCOUVER, BC, Sept. 20, 2023 /PRNewswire/ - CERO Technologies Inc. ("CERO"), a pioneering technology company unlocking the scalable potential of voluntary carbon credits, announced the successful launch of its multi-activity carbon credit SaaS platform.
  • CERO's innovative platform addresses critical pain points in the global carbon market: transparency and scalability.
  • "We are revolutionizing carbon credit generation, helping to shift the industry from analog to digital," said David Oliver, Co-Founder and Chief Technology Officer of CERO.
  • Its adaptable and scalable platform accelerates carbon credit calculation and verification by interfacing with high-quality data.

CARIBBEAN AIRLINES LAUNCHES ITS SUSTAINABILITY PROGRAMME

Retrieved on: 
Saturday, June 3, 2023

Piarco, June 03, 2023 (GLOBE NEWSWIRE) -- Caribbean Airlines, the leading carrier in the region, announces the launch of its Sustainability Programme in line with the principles of Environment, Social and Governance (ESG) guidelines.

Key Points: 
  • Piarco, June 03, 2023 (GLOBE NEWSWIRE) -- Caribbean Airlines, the leading carrier in the region, announces the launch of its Sustainability Programme in line with the principles of Environment, Social and Governance (ESG) guidelines.
  • "As a responsible corporate citizen, Caribbean Airlines is dedicated to investing in the destinations we serve, positively impacting the lives of people throughout the region," said Garvin Medera, CEO of Caribbean Airlines.
  • To provide a central platform for the Sustainability Programme, Caribbean Airlines has launched a dedicated website at cs.caribbean-airlines.com.
  • Through its Sustainability Programme, the airline is actively contributing to inspiring future generations, supporting the betterment of the Caribbean region, and the communities it serves.

The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization

Retrieved on: 
Monday, May 15, 2023

STOCKHOLM, May 15, 2023 /PRNewswire/ -- The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization (WSSO) in October 2023, in partnership with numerous governments and international organizations, NST Chairman Peter Nobel announced May 15.

Key Points: 
  • STOCKHOLM, May 15, 2023 /PRNewswire/ -- The Nobel Sustainability Trust (NST) will inaugurate the World Sustainability Standards Organization (WSSO) in October 2023, in partnership with numerous governments and international organizations, NST Chairman Peter Nobel announced May 15.
  • WSSO's mission, Mr. Nobel said, is to unify standards in sustainable development fields such as energy, carbon credit, green finance, the environmental industry, energy conservation, carbon neutrality-related technologies, and ESG.
  • In addition, WSSO will support the roll-out of the carbon market and other projects outlined in the Paris Agreement.
  • The first head of the Secretariat will be Dr. Bruno Wu, received in 2022 the first medal for Outstanding Contribution in Sustainability.

Establishment of the Paris Agreement Article 6 Implementation Partnership Center

Retrieved on: 
Friday, April 28, 2023

To expand the implementation of Article 6, it is necessary to build high-integrity carbon markets with increased private investment through international collaboration.

Key Points: 
  • To expand the implementation of Article 6, it is necessary to build high-integrity carbon markets with increased private investment through international collaboration.
  • In response, the “Paris Agreement Article 6 Implementation Partnership” was launched at COP27 by Japan.
  • As of 27 April, 2023, 66 countries and 32 institutions agreed to join the partnership, which demonstrates the growing commitment to the implementation of Article 6.
  • IGES will serve as the secretariat of the "Paris Agreement Article 6 Implementation Partnership Center" to support the development of institutional and governance frameworks, and capacity-building of government officials and related organisations under the Article 6 market mechanisms.

Global Carbon Credit Market Report 2023: Rising Carbon Emissions Drives Growth

Retrieved on: 
Wednesday, April 19, 2023

The global carbon credit market traded value was US$978.56 billion in 2022.

Key Points: 
  • The global carbon credit market traded value was US$978.56 billion in 2022.
  • At present, the overall carbon market is mainly characterized by the degree of regulation, namely the regulated compliance carbon market (CCM) and the unregulated voluntary carbon market (VCM).
  • The global carbon credit market has been growing over the past few years, due to factors such as the rising carbon emission, increasing corporate efforts in carbon offsetting, increase in adoption of net zero targets, increasing demand for natural climate solutions, establishment of CORSIA, etc.
  • Since the lack of governance and unified standards make it difficult for market participants to verify the quality of a given carbon credit, it became a hurdle for market growth.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

Carbon Credits Need More Supply and Integrity to Meet Global Demand, Says IEF

Retrieved on: 
Thursday, December 1, 2022

Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.

Key Points: 
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed, Joseph McMonigle said in a keynote address to the S&P Global Carbon Markets Conference in Barcelona.
  • According to the World Bank, global carbon credit revenue grew 60 percent to $84 billion in 2021.
  • Saudi Arabia, for example, held its first auction in October, selling 1.4 million tons of high-quality, CORSIA-compliant and Verra-registered carbon credits.
  • The IEF is the global home of energy dialogue promoting energy security, market stability and transparency.

Canada joins with partners to roll out the Global Carbon Pricing Challenge

Retrieved on: 
Tuesday, November 15, 2022

Last year, at COP26, Prime Minister Trudeau issued a challenge to triple the global coverage of carbon pricing by 2030.

Key Points: 
  • Last year, at COP26, Prime Minister Trudeau issued a challenge to triple the global coverage of carbon pricing by 2030.
  • The Challenge will also create a forum for dialogue and coordination to make pricing systems more effective and compatible and to support other countries in adopting carbon pricing.
  • At present, about twenty percent of global greenhouse gas emissions are covered by carbon pricing.
  • The Global Carbon Pricing Challenge encourages countries to work toward a collective goal of covering sixty percent of global emissions by 2030.

ProducePay and ALLCOT to Launch Industry-First Carbon Offset Program For Produce Growers

Retrieved on: 
Tuesday, July 19, 2022

ProducePay , the marketplace transforming the global produce industry into a more connected and sustainable supply chain, has partnered with ALLCOT to create a carbon offset program developed specifically for growers of primary crops.

Key Points: 
  • ProducePay , the marketplace transforming the global produce industry into a more connected and sustainable supply chain, has partnered with ALLCOT to create a carbon offset program developed specifically for growers of primary crops.
  • View the full release here: https://www.businesswire.com/news/home/20220719005966/en/
    A recent feasibility study ProducePay conducted in consultation with ALLCOT to assess the carbon market potential of five produce growers revealed that each grower was well poised to be a future participant in the global carbon market.
  • ProducePay expects its carbon offset program to be a new service offered to growers in its marketplace later this year.
  • ALLCOT has also ensured that ProducePays carbon offset program will meet the rigorous international standards of their carbon verification .