The power of markets to increase ambition
EDF's economic analysis indicates that:
EDF's economic analysis indicates that:
This report provides an up-to-date overview of existing and emerging carbon pricing instruments around the world, including international, national and subnational initiatives. It also investigates trends surrounding the development and implementation of carbon pricing instruments and how they could accelerate the delivery of long-term mitigation goals. Specifically, this includes the use of carbon taxes, emissions trading systems and crediting mechanisms.
In PART I of the report, blended finance data and insights provide a market overview with a look back to last year’s report and an assessment of the current challenges, macroeconomic impacts, and exogenous shocks that have equally shaped the broader climate finance market and the climate-related blended finance market. This section reviews recent downturns in sustainable investment and points at opportunities where blended finance can serve as an active mechanism to respond to the global challenges that adversely impact funding flows.
Technical Advisory Body (TAB)
As per Assembly Resolution A39-3, the Technical Advisory Body (TAB) was established with the mandate to make recommendations to the Council on the eligible emissions units for use by the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Assembly Resolution A41-22 requested the ICAO Council to develop and update the ICAO document referenced in Annex 16, Volume IV related to the eligible emissions units for use by the CORSIA, considering the recommendations of the TAB.
The SD-GEO is a standardized contract that allows for delivery of cookstove projects with at least five Sustainable Development Goals (SDGs) from the Verra or Gold Standard registries. Eligible projects will be carefully vetted under the CBL Standard Instruments Program that contains the Global Emissions Offset™ (GEO®), the first in this series developed by Xpansiv, as well as the Nature-Based Global Emissions Offset™ (N-GEO®), “widely seen as the frontrunner to become the VCM’s biggest price benchmark,” according to Quantum Commodity Intelligence.
The excel-based standardised template to easily, clearly and transparently monitor SDG impact. From 13 March 2022, the SDG Impact Tools are a mandatory part of the project development cycle. You can find all the information you need to apply these tools in the SDG Impact Tool Featured Requirements page.
By connecting registries through a decentralised infrastructure, and making CAD Trust information publicly available, it will be possible to identify risks of double counting that can damage the integrity of the markets. The data layer can be used to support data sharing, and it provides a backbone infrastructure that can support services built by the public and private sectors to support market activity, such as compliance reporting, transacting, and benchmarking services.
Operational Phase:
Verra, which operates the world’s largest greenhouse gas (GHG) crediting program, and leading climate-tech company Pachama will pilot a digital measuring, reporting, and verification (DMRV) platform harnessing remote-sensing to measure forest carbon. This pilot marks a significant milestone in global efforts to increase efficiency, transparency, and integrity in forest carbon projects.