By Paul A. Davies, Michael D. Green, and James Bee The CBAM would seek to mitigate carbon leakage through the imposition of a levy on carbon-intensive imports into the EU, while free allowances under EU ETS would be phased out. On 13 December 2022, negotiators from the European Parliament and European Council reached a provisional … Continue Reading
Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration. By Jennifer Roy, Janice Schneider, Joshua Bledsoe, and Brett Frazer Demand for carbon capture and sequestration (CCS) to meet global and national climate goals is on the rise. The International Energy Agency (IEA) 2020 World Energy Outlook suggests … Continue Reading
A major voluntary carbon standard invites comments on linking carbon credits with crypto instruments and tokens, highlighting emerging questions around blockchain transactions in voluntary carbon markets. By JP Brisson, Michael Dreibelbis, Brett Frazer, and Nick Eberhart On August 3, 2022, Verra, a voluntary carbon standard, announced it was opening a public consultation process on its … Continue Reading
The system aims to stimulate innovation in GHG-reduction activities as part of the country’s 2030 Emissions Reduction Plan. By JP Brisson, Michael Dreibelbis, and Alicia Robinson On June 8, 2022, Canada launched the Greenhouse Gas (GHG) Offset Credit System (the System) to create a “market-based incentive to undertake innovative projects that reduce greenhouse gases.”[1] The … Continue Reading
The Claims Code seeks to ensure the integrity of voluntary carbon markets to support achievement of the Paris Agreement goals. By Jean-Philippe Brisson, Paul A. Davies, Sarah E. Fortt, Betty M. Huber, Alicia Robinson, and Deric Behar The Voluntary Carbon Markets Integrity (VCMI) Initiative is “a multi-stakeholder platform to drive credible, net-zero aligned participation in voluntary carbon markets.” The VCMI … Continue Reading
