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Three speakers at a conference
(Photo: IISD/ENB)

Historically, the flexible mechanisms were defined and developed at the international level, under the auspices of the UNFCCC. Currently, more and more carbon markets are being developed unilaterally by some countries or in collaboration with other countries, but outside of the UN framework.

New study on carbon pricing in the shipping sector

April 2019 - A new study explores different options for a market-based measure for international shipping by comparing an offsetting scheme, an emissions trading scheme, and a climate levy. Based on the assessment of the three options the authors conclude that a climate levy would be the most appropriate measure to steer the shipping sector towards decarbonisation at comparatively low transaction costs. more

New report analyses Article 6 pilots

April 2019 - With the finalization of the Article 6 rules still pending, the future of the carbon markets remains uncertain. At the same time, several initiatives have been launched, aiming to build practical experience, which can subsequently inform the evolving carbon market rules. This new study by Climate Focus and Perspectives provides the first comprehensive overview of about a dozen ongoing Article 6 pilots and analyzes the emerging trends and early experience with Article 6 operationalization. more

CPLC Conference in New Delhi discusses latest research finding on carbon pricing

March 2019 - Carbon Pricing has been identified as one of the most efficient strategies to reduce carbon emissions and combat climate change. To take stock of existing carbon pricing research and better understand successful carbon pricing implementation, the Carbon Pricing Leadership Coalition (CPLC) and the World Bank Group hosted the world's first international research conference on carbon pricing in New Delhi, India. more

Africa Climate Week 2019 opens its gates

March 2019 - Africa Climate Week takes place in Accra, Ghana, 18-22 March 2019. The event brings together diverse actors from the public and private sectors. Building on its long-standing presence at the African Carbon Forum and the Africa Climate Week, BMU will also be participating at this year’s climate week supporting workshops and side events. Implementing agencies as well as partners across Africa will present their lessons learned and showcase their experiences on market-based climate action during several events at the climate week. more

Experts give insights into China's forest protection measures to combat climate change

March 2019 – In its Nationally Determined Contributions (NDCs), China has set a 2030 goal of increasing its forest stock by some 4.5 billion m3 compared with levels in 2005. Forest management is also of key importance for the country’s national emissions trading scheme (ETS) which is currently being developed. Because forestation projects can potentially be used as offset activities using China Certified Emission Reductions (CCERs), this would enable market-based promotion of forest conservation activities. At a network meeting funded by the German Federal Environment Ministry (BMU), selected experts gave insights into recent trends and the challenges faced in China’s forest conservation activities to mitigate climate change. more

Discussing Cooperative Climate Action

Reports from BMU Side Events at COP 24. More