The 2014 State of the Voluntary Carbon Markets report is set to launch on May 28th at Carbon Expo in Cologne, Germany. Join us to hear the latest trends gathered from a global pool of offset suppliers and other experts. Meanwhile, in the news, Russia announced plans to meet its 2020 emissions reduction target, possibly featuring a voluntary offsetting component, while South Africa has rolled voluntary standards into its carbon tax.
This article was originally published in the V-Carbon newsletter. Click here to read the original.
19 May 2014 | State of the Voluntary Carbon Markets 2014 Report Launch! Forest Trends’ Ecosystem Marketplace invites you join us for an event exploring findings from our 2014 State of the Voluntary Carbon Markets survey. This year’s launch event at Carbon Expo in Cologne, Germany is sponsored by ClimateCare, EcoAct, and Santiago Climate Exchange.
Join us to find the answers to questions like, “At what stage in the project cycle are most offsets sold, and at what price? How does voluntary offsetting fit into corporations supply chain sustainability? How did voluntary and compliance offset markets relate in 2014?” Our latest report builds on data collected from a global pool of offset suppliers worldwide to provide insights that will once again become an industry benchmark.
Taking place at Carbon Expo 2014
Wednesday, May 28, 13:00-13:45
With panelists representing: Ecosystem Marketplace, BioCarbon Group, ClimateCare, EcoAct, and International Carbon Reduction and Offset Alliance (ICROA).
Russia has been in the news a lot lately, but a signal from Moscow in early April caught the attention of the carbon markets. The Russian government has approved a number of measures aimed at helping the country meet its target of reducing greenhouse gas (GHG) emissions 15% to 25% percent below 1990 levels by 2020.
The measures to be established include monitoring, reporting and verification procedures, inventory guidelines for GHG emissions among sectors, and an assessment of the reduction potential for each sector. The Ministry of Economic Development and Trade will be responsible for evaluating current emission reduction efforts and proposing new efforts for mitigation and funding for low-carbon development. A compliance or voluntary carbon pricing system is a possible outcome, according to Germany-based GFA Consulting Group. An unofficial translation of the decree is available on GFA’s website.
If Russia allows voluntary offsetting, it would become the latest country or subnational jurisdiction to tap into the expertise of the voluntary carbon markets. South Africa’s recently released policy paper carves out a strong role for offsets – and pitches a plan to include standards first developed for the voluntary carbon markets. If all regulated sectors choose to purchase offsets, the tax could generate demand for up to 30 million tonnes of carbon dioxide equivalent (tCO2e) reductions from energy efficiency, forestry and other offset projects located in South Africa.
“It’s really nice to be able to use something that’s already built,” said David Antonioli, Chief Executive Officer of the Verified Carbon Standard (VCS), one of several voluntary standards that will be folded into South Africa’s carbon tax.
These and other stories from the voluntary carbon marketplace are summarized below, so keep reading!
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