IETA

Time flies... SB60 took place in Bonn last month and COP29 in Baku is only four months away. Following the failure to adopt decisions on Article 6 at COP28 in Dubai, the June UN climate conference in Bonn (SB60) saw a new, reinvigorated spirit of compromise between countries. Agreements were reached on relatively minor issues relating to emission avoidance, the treatment of confidential information and common nomenclatures for reporting. Also, draft decision texts on both Article 6.2 and 6.4 were forwarded for further discussions at COP29 in Baku. However, real progress on the few thorniest outstanding issues remained limited. To resolve these highly complex matters, IETA expects a need for significant intersessional engagement, both at technical and political level, in order to facilitate an agreement in Baku. If you would like to read more, the International policy team at IETA published a comment on the outcome. We look forward to continuing our support to the process and contributing with our nearly 350 members and 25 years’ expertise in carbon markets. Björn Fondén, Pedro Venzon, Nadine Lim https://lnkd.in/d5kig4ay

Honored to be covered by Forbes Vietnam to outline key recommendations for the development of Viet Nam’s #carbonmarket framework, together with Dr. Michael Mehling and Roxanne Tan. 🌏   Vietnam is one of the largest and fastest growing economies in Southeast Asia. By introducing an Emissions Trading Scheme (ETS) for its heavy-emitting sectors and leveraging the potential of the VCM and Article 6, the country can accelerate its energy transition and foster green growth. 💹   Incentivizing industries to invest in low-carbon innovation can be achieved through the establishment of a clear, predictable, and steadily increasing price signal. Transparency in design, allocation, targets, and trading will be important factors for success. Robust governance, including coordination between ministries and rules for enforcement, will also be critical to provide trust in the market. Over time, international linkages should be explored to allow for the most cost-efficient mitigation to take place. 🏭   Following these principles, I am hopeful that Vietnam can establish a carbon market framework that delivers for both its people, the economy and the planet. We look forward to working with all partners towards an effective implementation of Decree 06! 🤝   For the full article (in Vietnamese) find link in comments. Thanks Tin Nguyen.

🌎 #LACS2024 has once again been a fantastic week! 👏 The summit provided a platform for diverse and engaging discussions on all aspects of carbon markets, with community engagement a critical voice throughout. Highlights from this week: 1️⃣ new IETA report in partnership with Natural Climate Solutions Alliance highlighting the urgent need to finance natural climate solutions https://lnkd.in/eFHJkw5C 5️⃣ plenaries covering topics from carbon pricing mechanisms and financing to Article 6 the VCM, as well as the role of subnationals and local communities 🔟 breakouts offering a deep dive into our plenary topics and much, much more 7️⃣ side events led by our partners and sponsors ➡ Check our website in the coming days for session recordings, as well as a high-level summary report including key takeaways. Thank you to ASOCARBONO, to all of our event sponsors and to everyone who joined us at #LACS2024 🙏 🇲🇽 Join us at #LACS2025 in Mexico! 🇲🇽 #makingnetzeropossible #climateaction #parisagrement #latinamerica #carbonmarkets

Have you been to the #LACS2024 carbon market lounge yet? It’s a great place for networking, picking up discussions from the plenaries and meeting many of the conference sponsors and partners. 📸 Earlier today, IETA CEO Dirk Forrister had the chance to talk with with some of the team from Human Forest Colombia and hear about their important work. #climateacrion #collaboration #networking #carbonmarkets

The day is not finished yet at #LACS2024 🌎 14:45-15:30 Breakout 9 – Role of Removals and Decarbonisation Pathways Moderator: Adriana Montoya - MGM Innova Group Speakers: Manuel Lascarro - Procemco, Jackie Mercer - Environment Canada and Climate Change, Malek Al-Chalabi - Shell & Henry Armando Martínez Cubides - Asociación Colombiana del Petróleo y Gas ACP 🌿 14:45-15:30 Breakout 10 – Carbon Market Developments: A Global South Perspective Moderator: Francisco Ocampo Trujillo - ASOCARBONO Speakers: Camilo Andrés Garzón Martínez - La Silla Vacía, Amy Kessler - Climate Action Reserve, Benedita Assunção Neves - Parintintins people & Mariama Vendramini - ecosecurities 📈 16:00-17:00 Plenary 5 – Financing the Just Transition - Unlocking the Trillions Moderator: Dirk Forrister - IETA Speakers: Rodrigo Suárez Castaño - Marsh, Cristian Grisales - CAF -banco de desarrollo de América Latina y el Caribe-, David Antonioli - Transition Finance & Laura Hernández - Bancolombia #CarbonMarkets #ClimateChange #EnergyTransition #ClimateFinance #Sustainability Luis Fuentes Godoy - Pachama

💡 Innovative regulation in Colombia and Chile has paved the way for the use of carbon markets to support local climate ambitions. Our first #LACS2024 Day 3 plenary enables governments, market participants and local communities to share their experiences and help drive the just transition. #justtransition #voluntarycarbonmarkets #climataction #climatepolicy

Rounding off the day, Indigenous People and Local Communities shared their views on how to evolve carbon markets. Discussing safeguards, benefits sharing and the just transition, it was clear that the main message was trust. Trust will help drive funding to where it is needed, benefit those it should and help projects not only meet but exceed their potential for generations to come 🙏 We all have a role to play in helping the voices of Indigenous People and Local Communities to be heard. #trust #carbonmarkets #vcm #iplcs #climateaction #justtransition

📣 LAUNCH ALERT 📣 IETA and Natural Climate Solutions Alliance's new paper highlights the urgent need to finance natural climate solutions 🌱 🌎 Ellen Lourie, Director for NCS and Aviation at IETA, said: "To meet Paris Agreement goals, immediate action must be taken to halt and reverse nature loss and sustain and recover nature's ability to sequester carbon." Read the paper: https://lnkd.in/ejH8E9ys #naturalclimatesolutions #carbonmarkets #climateaction #climatechange

Don't miss tomorrow morning sessions at IETA's #LACS24 : 🔵 10:10-11:10 Plenary 4 – The Voluntary Carbon Market as Climate Policy Enabler Moderator: Andrea Abrahams - IETA Speakers: Francisco Ocampo Trujillo - ASOCARBONO, Isabel Rojas Astorga - Ministry of Environment Chile, Levy Andoke - Comunidad Andoke, Susana Vélez Haller - Verra & Catalina Cecchi Hucke - Center for Climate and Energy Solutions (C2ES) 🌿 11:30-12:30 Breakout 7 – Carbon Markets and Biodiversity: Road to COP16 Moderator: Ellen Lourie - IETA Speakers: Carolina Jarro Fajardo - BIOFIX BIC, Mariana Sarmiento - Terrasos, Viviana Cardozo - BioCarbon Standard & Daniela Porras Flórez - Fundación Cataruben 📱 11:30-12:30 Breakout 8 – Technology Platforms and Digital Monitoring-Reporting-Verification (MRV) Moderator: Juan David Duran Hernandez - EcoRegistry Speakers: Carlos Cordova - S&P Global, Ieva Steponaviciute - Climate Action Data Trust, Nicolas Girod - ClearBlue Markets, Rodrigo Wanderley - Pachama & Daniel Melling - CTrees #CarbonMarkets #ClimateChange #EnergyTransition #ClimateFinance #Sustainability

Wasinton Carabali, Afrocommunity Youth Leader of Asociación de Mujeres Campesinas Negras e Indígenas de Buenaventura (AMUCIB), shared the power of carbon markets in our opening plenary today at #LACS2024. In his powerful statement, he expressed that "We don’t want to be saved. We want to save ourselves collectively. Communities should be agents of change." Let's empower communities and leverage carbon markets to drive positive and sustainable transformations for all. #EmpowerCommunities #CarbonMarkets #makingnetzeropossible