The REDD Offsets Working Group fields feedback from its first workshop and public comment, keeping in mind that REDD credit supply might outstrip California demand and that outstanding emissions reductions need their own form of finance if not routes to market. Also open for public comment is the Gold Standard’s efficient cookstoves methodology, based on the suppressed demand approach.
This article was originally publishied in the V-Carbon newsletter. Click here to read the original.
25 February 2013 | Before we dive into recent voluntary carbon headlines around the world, a gentle reminder that the deadline to respond to the 2013 State of the Voluntary Carbon Markets and State of the Forest Carbon Markets reports
Carbon offset suppliers that respond to our survey can opt to be listed on a banner on the
AND, if you’re a clean cookstove project developer, we have a
On to the news, the REDD Offsets Working Group (ROW) has been hard at work fielding feedback from its first
One of the main goals of the ROW’s recommendations is “for the California model to be adopted by other cap and trade programs or pay-for-performance strategies, hopefully helping partner jurisdictions become compatible with other systems,” according to ROW member Dan Nepstad, the Amazon Environmental Research Institute’s International Program Director.
California could set a strong precedent for other GHG compliance programs if it decides to allow REDD+ credits into its program. Until or unless other systems provide demand signals, however, the supply of REDD+ credits from partner jurisdictions significantly outweighs prospective demand from California.
With this in mind, the ROW’s recommendations encourage partner jurisdictions to issue credits themselves or register reductions with “third-party programs where a single ‘currency’ could potentially serve a variety of voluntary and regulatory markets,” as the State of Acre has done already. Where jurisdictions remain unable to tap into carbon finance, they need to continue securing financing for own efforts from national, multilateral and bilateral sources.
Keep reading below for these and more voluntary carbon market news items, hot off the presses. And a special thanks to those organizations that have already contributed complete responses to our 2013 State of the Voluntary Carbon Markets survey:
We’d also like to give a big thanks to those organizations that have already signed up to sponsor the State of the Voluntary Carbon Markets 2013 report – most recently, this includes
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