At the moment we’ve got extremely related content material that deserves better prominence on our Carbon Credit score Markets portal. Among the many subjects lined are: the affect of local weather change on insurance coverage corporations; carbon pricing within the transport sector; carbon credit score markets in movement within the BRICS, Africa, EU and UNFCCC; EU investments in land monitoring in Brazil; occasions targeted on Scope 3, vitality transition and hydrogen; the settlement between IFRS and TNFD; Verra’s deforestation danger maps for REDD; public hearings by CVM and Central Financial institution of Brazil; along with a free course on Web Zero supplied by the United Nations College.
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Insurers within the face of maximum warmth: What the World Financial Discussion board says concerning the impacts of local weather change.
The WEF just lately revealed a report known as “Insuring Against Extreme Heat: Navigating Risks in a Warming World” ready in collaboration with the insurer Allianz.
The doc highlights that excessive warmth has been the deadliest local weather danger, inflicting 489,000 deaths yearly, greater than hurricanes, earthquakes and wildfires mixed. As well as, it’s estimated that, by 2035, the impacts of maximum warmth may generate US$2.4 trillion in productiveness losses and US$445 billion in fastened asset losses for publicly traded corporations.
The report proposes methods for insurers, policymakers and different stakeholders, together with:
– Revolutionary insurance coverage options to mitigate local weather dangers.
– Monetary mechanisms to help adaptation to excessive warmth.
– Public-private partnerships to strengthen local weather resilience.
Worldwide Maritime Group approves its international carbon pricing mechanism.
Answerable for regulating maritime transport and with the goal of decreasing emissions within the sector, the IMO introduced on April 11 the approval of a world carbon pricing mechanism.
Beginning in 2028, ships that exceed emission limits must pay carbon taxes, whereas vessels with decreased emissions will be capable of obtain monetary incentives. The funds raised might be directed to analysis, infrastructure and help for the vitality transition in creating nations.
After years of negotiations, aiming for internet zero emissions by 2050, the proposal was permitted by 63 nations, together with Brazil, China, India and the European Union, whereas Saudi Arabia, Russia and the United Arab Emirates voted towards.
It’s price remembering that the aviation sector has CORSIA (Carbon Offsetting and Discount Scheme for Worldwide Aviation), a global program of the Worldwide Civil Aviation Group (ICAO) to scale back and offset carbon emissions from worldwide aviation. Greater than 100 nations have already joined CORSIA since its introduction in 2016.
Carbon Markets within the Joint Declaration of the eleventh Assembly of BRICS Setting Ministers.
In a gathering that marked the reception of latest members — Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, Indonesia and Iran — the ministers of the 11 BRICS member nations permitted, on April 3, the ultimate declaration of the group’s Setting Working Group.
Along with COP30, the local weather convention that might be held within the Amazonian metropolis of Belém between November 10 and 21, 2025, Brazil is already internet hosting a number of conferences as a part of its presidency of BRICS 2025.
This doc by BRICS, an acronym for Brazil, Russia, India, China and South Africa, which might be offered to the heads of state on the BRICS Summit in July, comprises the next reference to carbon markets:
“We welcome the provisions of the Memorandum of Understanding on the BRICS Carbon Markets Partnership to strengthen cooperation in the field of carbon markets and look forward to establishing the BRICS Climate Research Platform to enhance the scientific and expert exchange of views, knowledge and best practices of the Contact Group on Climate Change and Sustainable Development (CGCCSD). We also take note of the proposal, under debate in the CGCCSD, to establish a BRICS Laboratory on Trade, Climate Change and Sustainable Development, to promote collaboration on mutually supportive approaches to trade and environmental policy. Furthermore, we also take note of the proposal for a Leaders’ Framework Declaration, which is intended to lead a global mobilization for enhancing access to timely and affordable finance for climate action, in fair terms, as a critical enabler for just transition pathways, as well as increasing the share of financing for adaptation.”
Click on beneath to obtain the assertion.
Africa is Transferring Ahead as a Key Participant in Carbon Markets.
Africa has huge potential to export high-quality carbon credit, leveraging its pure assets, similar to tropical forests, peatlands and marine ecosystems, in addition to its renewable vitality capability.
In response to the report by the United Nations Financial Fee for Africa launched on Might 9, carbon markets can generate new revenues and help the continent’s resilience and prosperity targets, aligned with Agenda 2063 and the Paris Settlement.
In different phrases, the continent may generate as much as US$82 billion per 12 months in revenues from the carbon credit score market, along with the potential to seize and retailer 1.5 gigatonnes of CO₂ yearly.
Nevertheless, challenges similar to ample governance and aggressive pricing have to be overcome to keep away from perverse incentives that might improve emissions as an alternative of decreasing them.
Click on beneath to obtain the report “Investing in a Just and Sustainable Transition in Africa”. The chapter on Carbon Credit score Markets begins on web page 57.
Carbon credit to play a extra distinguished position within the European Union?
During his visit to Brazilthe European Union’s Commissioner for Local weather Motion, Wopke Hoekstra, confused that the success of COP30 will rely upon formidable targets and the strengthening of the carbon market.
On the similar time, an article from Politico highlights that the European Fee is contemplating the mixing of worldwide carbon credit as a part of its technique to realize the following local weather goal. This consists of the opportunity of EU nations buying credit from exterior initiatives, similar to forest restoration initiatives in Brazil, to offset a part of their emissions. The proposal, which envisages a 90% discount in emissions by 2040, is being debated between the Commissioner, the Member States and European parliamentarians.
Moreover, throughout his go to to Brazil, Hoekstra additionally addressed subjects similar to carbon pricing and nationally decided contributions (NDCs). To this point, simply over 20 up to date NDCs have been submitted globally — a quantity that’s nonetheless very low. The newest was Zambia’s, submitted in early March this year.
Mark your calendars: UNFCCC units deadline for host nation approval of transition requests
The approval for transition of Clear Improvement Mechanism (CDM) challenge actions or programmes of actions have to be supplied to the Supervisory Physique by the CDM host Social gathering by no later than December 31, 2025.
Additional, challenge individuals and Coordinating and Managing Entities (CMEs) wishing to transition from the CDM to the Paris Settlement Crediting Mechanism should submit any required further documentation (or an addendum to the registered design paperwork) together with a sustainable improvement evaluation. This extra documentation have to be submitted inside 180 days of the host nation approval.
European Union invests in CAR 2.0 in Tocantins, Brazil.
The European Union has invested 155 thousand euros within the Brazilian state of Tocantins, by way of the AL-INVEST Verde program, to implement CAR 2.0, a complicated software for automated evaluation of rural properties. This technique makes use of geospatial intelligence to confirm the environmental compliance of properties with the Forest Code, contributing to better effectivity and transparency in environmental governance. As well as, CAR 2.0 helps the Selo Verde platform, aligning the state with worldwide sustainability requirements and strengthening the traceability of manufacturing chains. Read more in an article on the Geocracy Portal.
📍🖥️ April 30. Scope 3 Motion Code of Observelaunched by the Voluntary Carbon Markets Integrity Initiative (VCMI) and the Worldwide Chamber of Commerce (ICC). The occasion will deal with methods for corporations to scale back Scope 3 emissions, amongst others, utilizing high-quality carbon credit. Don’t miss it.
📍🇧🇷 Might 28. APIMEC Seminar “Vitality Transition and Fossil Fuels”. BNDES Auditorium, Rio de Janeiro, Brazil. Here more details.
OPPORTUNITIES AND ANNOUNCEMENTS
📢 IFRS Foundation and Taskforce on Nature-related Financial Disclosures (TNFD) announce agreement.
With the aim of supporting nature-related financial disclosures for use in capital markets, the two entities have signed a Memorandum of Understanding, indicating the commitment of both parties to extend the TNFD recommendations into the ongoing work of the International Sustainability Standards Board (ISSB). More details here.
📢 Verra announces updates to deforestation risk maps for its new REDD methodology.
✏️🇧🇷 CVM launches market survey on sustainability reporting.
CVM has launched a broad survey on sustainability reporting lined by CVM Decision 193, looking for to interact publicly-held corporations, buyers and auditors. The initiative goals to facilitate the transition to obligatory IFRS S1 and S2 requirements as of 2026. Deadline: April 22, 2025. Details here.
✏️🇧🇷 Public consultation Central Bank of Brazil.
This is Public Consultation No. 119, aligned with Law No. 15,042/2024, to establish accounting criteria for sustainability assets and liabilities, including carbon credits, CBIOs and emission allowances, reinforcing transparency in the Brazilian Greenhouse Gas Emissions Trading System (SBCE). Deadline: May 31, 2025. Details here.
🎓🖥️ Net Zero 101: What, Why and How.
E-learning Course by the United Nations College. Free, self-paced course explains the science of local weather change and internet zero in an accessible manner, highlighting sensible steps and local weather motion. ? Click here.
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