voluntary carbon markets

Governments adopted on Nov 11 guidelines to further develop a United Nations-administered global voluntary carbon market. Developing more specific rules will take 12 to 18 months, says BMI.

As the UN biodiversity summit COP16 enters its second and final week, a report by MSCI Carbon Markets draws a link between the carbon credit market and addressing the biodiversity funding challenge.

The nation will open up its carbon market to a wider group of participants, including asset managers, banks and insurers.

South Pole announced in February 2022 that Temasek subsidiary GenZero had taken a minority stake.

“Think how regulated the financial market is [and] think how unregulated the non-financial, in this case, the carbon market is.”

The paper, released March 26, examines the importance of clarifying the legal characterisation of voluntary carbon credits.

China will relaunch its voluntary carbon crediting scheme in May, after suspending it in 2017 due to a lack of auditing standards.

The 30-page report explores the state of the carbon markets today and offers eight recommendations to “unlock impact”.

Criticisms levelled at carbon markets could mean an increase in climate-based dispute resolution cases.

Asian companies tend to fall under “followers’ or laggards’ archetypes”, with “very few” early adopters when approaching offsets.