The Integrity Council for the Voluntary Carbon Market (ICVCM)’s Post

🍀Our CCP label will launch a new chapter for the #VoluntaryCarbonMarket. The CCP label is designed to mobilise new and additional private investment into climate solutions, removing billions of tonnes of emissions that would otherwise not be viable. By making it easier for buyers to identify high-integrity #carboncredits, the CCP label will help accelerate flows of finance to countries in the Global South, supporting the #SDGs and the growth of vibrant green economies. ⤵️Find out more about our assessment process and latest updates here: https://ow.ly/ouZJ50QF5oi

🍀Our CCP label will launch a new chapter for the #VoluntaryCarbonMarket. The CCP label is designed to mobilise new and additional private investment into climate solutions, removing billions of tonnes of emissions that would otherwise not be viable. By making it easier for buyers to identify high-integrity #carboncredits, the CCP label will help accelerate flows of finance to countries in the Global South, supporting the #SDGs and the growth of vibrant green economies. ⤵️Find out more about our assessment process and latest updates here: https://ow.ly/ouZJ50QF5oi

State and Trends of Carbon Pricing: International Carbon Markets. As developing nations grapple with the largefinancing needs required to achieve our climate goals, the urgency to mobilize sub stantial capital towards communities, nature, and broader developmental efforts is resoundingly clear. In this context, carbon markets, both under the Paris Agreement and the voluntary carbon market (VCM), can channel much-needed finance towards climate action. all, 120 nations have considered the role of international carbon markets to support mitigation action and achievement of their nationally determined contribution (NDC) targets, and many corporations are seeking high-quality carbon credits to meet their voluntary climate commitments. Done right, carbon markets can help us get the resources we need now, at scale, and accelerate action by providing much needed source of finance. They can also encourage accelerated action to meet NDCs, providing financing needed to implement them. In its annual State and Trends of Carbon Pricing Report, the World Bank has been tracking domestic carbon pricing policies, such as carbon taxes and emissions trading systems, that are critical to incentivize action to reduce emissions. With the growing potential for carbon markets as a means to increase climate finance under both the Paris Agreement and VCM, there is a renewed interest in understanding carbon market developments. This report aims to supplement the annual State and Trends report and contribute to the global effort to promote market transparency and trust by providing digestible insights into the state of play of international carbon markets. #CarbonMarket

Next up it was time for Magali Caroline Van Coppenolle, the Global Head of Policy at the Climate Bonds Initiative to challenge us whether as a banking sector “we are doing enough” to support the Paris climate target of 1.5 degrees. The answer is quite simply “No” but we are doing “something”… To remain on a 1.5 degree path, there is a huge gap in climate finance needs and therefore an enormous opportunity for banks. The scale and time frame required were emphasised as key challenges to success. The exponential growth of the Green / GSS+ bond market was discussed, along with the challenging global target of $5trillion of annual green investment by 2025.

The World Bank has published its annual “State and Trends of Carbon Pricing” report outlining the relevance of carbon pricing in international climate policies. The report offers a comprehensive overview of international carbon markets and respective developments in both mandatory emissions trading systems (ETS) and carbon credit markets. Interesting to see the ongoing convergence and overlap between compliance and voluntary carbon markets on a global scale as well as the growing number of governmental crediting mechanisms. Though Paris Agreement Article 6 rules still not finalised, it is good to see ongoing country commitment in terms of a growing number of bilateral agreements and the first ever ITMO trade between two countries under the Paris Agreement. #carbon #carbonmarkets #emissionstrading #carboncredits

How can we integrate climate risks into financial regulations without exacerbating financial exclusion? This critical question was the focus of the technical session 'Embedding Global Standards in Inclusive Green Finance,' where regulatory experts from emerging markets convened to explore solutions. Key discussions centered on strategies to meet ISSB climate disclosure requirements and the vital role of greening #MSMEs in promoting sustainable growth. ClimateWorks Foundation #InclusiveGreenFinance #afiGPF #SustainableFinance #FinancialInclusion

https://lnkd.in/gtNNXccv Did you know? Global Great Green Wall’s carbon-crediting program has clear guidance, tools and compliance procedures to ensure mitigation activities conform with or go beyond widely established industry best practices on social and environmental safeguards while delivering positive sustainable development impacts.

Read an article written by Dani Rodrik in the latest edition of #IMF Finance & Development Magazine. Here are some key takeaways: - Rodrik argues that focusing on domestic #climate action within each country's political and economic realities might be more effective than chasing a perfect global agreement. - Climate action often requires political compromises. Crafting #green policies often involves political trade-offs, such as shielding domestic industries or shifting some green transition costs to other nations. - For example, #CBAM protects the domestic industries in EU by acting as a price equalizer for carbon intensive imports from other countries by increasing the cost for companies outside EU. - This doesn't mean giving up on international efforts for combating climate change but acknowledging the limitations of a one-size-fits-all approach. Countries can tailor policies that work for their specific situations to accelerate green transition. Check out the full article here: https://lnkd.in/gGpcQi4M

As we continue to support our clients’ sustainable investment strategies, we’re pleased to share that CBI-screened Green Bond trading volumes on Tradeweb continued to grow both in H1 and Q2 2024: 🌿 Q2’24 volumes increased by 45% compared to 2023 🌿 H1’24 volumes increased by 37% compared to 2023 To find out how you can trade #GreenBonds on Tradeweb, click here: https://lnkd.in/diB8ZEur Climate Bonds Initiative

A disappointing development which speaks to the US culture of litigation and the politicisation of the #ESG debate. https://lnkd.in/eq5gsSEd #climate #sustainability