Thank you for your participation in the Survey for the World Bank "Unlocking Global Emission Reduction Credit Demand"
The California Cap-and-Trade Program began operation in 2012 with the opening of its tracking system for allocation, auction distribution, and trading of compliance instruments. Compliance obligations started in January 2013. The program covers ~75% of the state’s GHG emissions.
Operational since 2005, the European Union Emissions Trading System (EU ETS) is the oldest system in force. It is a cornerstone instrument of the EU’s policy framework to combat climate change and reduce GHG emissions cost-effectively. The system covers some 10,000 stationary installations, in the energy and industry sectors, and airlines operating in the EU. This represents around 38% of the EU’s total emissions. In 2021, the EU ETS entered its fourth trading phase (2021-2030).
Please see Case Study for further details.
The CAD Trust Founding Partners also announced the governance structure and the composition of the CAD Trust Council that will advise and guide the initiative by setting its strategic direction.
CAD Trust was formed by three Founding Partners, IETA, the World Bank and the Singapore Government. It will engage with a variety of governments and public and private organisations to set the specifications for an open-source metadata system to share information about carbon credits and projects across digital platforms, easing future integration of multiple registry systems.
The concept of nature-based solutions (NbS) – actions addressing key societal challenges through the protection, sustainable management and restoration of ecosystems, benefiting both biodiversity and human well-being – is increasingly being applied around the world. More than 130 countries have already included NbS actions – such as reforestation, green infrastructure, sustainable agriculture and aquaculture, or coastal protection – in their national climate plans under the Paris Agreement.
This website provides resource for the publication of Scaling Blended Finance for Climate Action: Perspectives from Private Creditors. (membership needed for viewing)
Carbon forward contracts are a way for investors to pre-fund climate action. They’re bespoke agreements between investors and project developers, where the project developer commits to delivering carbon credits to the buyer at a pre-defined price and time in the future. The funds from the issuance of these forwards then help project developers cover their overhead costs. In return, investors can access future high-quality supply at a discount from the market rates of comparable projects.
The proposed Project Activity involves demand side energy efficiency measures in building lighting systems through replacement of existing luminaires with more energy efficient “Light Emitting Diodes” (LEDs) lighting luminaires in the corridors, staircases and void decks of several existing buildings located in 12 Town councils nationwide.