Xpansiv

Looking forward to COP29! 🌍 We're pleased to introduce the Roadmap for Safe, Efficient, and Interoperable Carbon Markets Infrastructure—the first deliverable from The World Bank-convened Carbon Markets Infrastructure Working Group (CMI WG). 🔍What? Carbon market infrastructure is the backbone and arteries of market activity. Together with our partners, we identified critical bottlenecks and outlined key priority areas for a secure, efficient, and interoperable carbon market infrastructure. Checkout the full roadmap here ➡️ https://lnkd.in/eRmdDpMD 📚 What are the pain points? (1) Ecosystem Governance: we need clear roles, responsibilities, and terminologies to eliminate gaps and ambiguities in liability and accountability chains. (2) Information Security & Transaction Integrity: information security and transaction integrity, such as MFA and KYC/AML/ABC programs, matters also in carbon markets! (3) Data & System Interoperability: data harmonization is needed for system integration, interoperability and information exchange across platforms ➡️ all critical for a scaled up market 🚀 What’s next? Detailed guidance notes for each of the above priority areas by June 2025. ✨ Acknowledgments The authors of the roadmap include the following CMI WG members: ACX (AirCarbon Exchange), B3 S.A. – Brasil, Bolsa, Balcão, Climate Action Data Trust, CME Group, Climate Market Strategy & Infrastructure Group (CMSI), EcoRegistry, Global Carbon Council, Global Carbon Market Utility, Gold Standard, Indian Energy Exchange (IEX), The Integrity Council for the Voluntary Carbon Market (ICVCM), ICE Endex, INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC., International Standards Organization, Johannesburg Stock Exchange, Nasdaq, Philip Lee LLP, Puro.earth, S&P Global, Sylvera, US Treasury, Verra, The World Bank, Xpansiv. The International Organization of Securities Commissions - IOSCO Secretariat also contributed as an observer. Together, we look forward to building a resilient, transparent, and efficient carbon market infrastructure that supports global climate goals. 🌍💼 #CarbonMarkets #CarbonMarketsInfrastructure #Governance #InformationSecurity #TransactionIntergrity #Interoperability #ClimateAction #CMIWG https://rb.gy/0quebk

As we wrap up week one of #COP29 in Baku, we’re reminded of the power of collaboration in advancing climate solutions for a livable planet and a future free from poverty. From private sector leaders to youth activists, everyone has a role in meeting this urgent challenge. Here are some key highlights from the week: 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁𝘀: ➡️Multilateral Development Banks (MDBs) pledged $120 billion annually for climate finance in low- and middle-income countries by 2030, including $42 billion for adaptation and $65 billion from the private sector. 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: http://wrld.bg/HiTN50U5ljw ➡️Responding to feedback from countries, The World Bank’s Climate Resilient Debt Clause (CRDC) now covers all natural disasters, including droughts, floods and health emergencies like pandemics. 𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲: http://wrld.bg/xvvK50U5mgt 𝗘𝘃𝗲𝗻𝘁𝘀: ➡️𝗥𝗶𝘀𝗶𝗻𝗴 𝘁𝗼 𝘁𝗵𝗲 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲: 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗮𝗻𝗱 𝗦𝘂𝗰𝗰𝗲𝘀𝘀  –Adapting to climate change is urgent, requiring faster, resilient development and targeted interventions ➡️𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗚𝗿𝗲𝗲𝗻 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗶𝗻 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀  – Achieving global climate goals requires renewable energy investments, but developing economies need support. Our panel explored financing reforms, FDI for low-carbon tech, revenue policies, and public-private partnerships. ➡️𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗔𝗰𝘁𝗶𝗼𝗻 𝘃𝗶𝘀-à-𝘃𝗶𝘀 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: 𝗧𝗵𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 – IDA is vital for climate action in 78 low-income countries. Leaders and experts discussed the need to scale its impact as it prepares for its 21st replenishment. ➡️𝗟𝗮𝘂𝗻𝗰𝗵𝗶𝗻𝗴 𝗮 𝗡𝗲𝘄 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝗗𝗲-𝗿𝗶𝘀𝗸 𝗖𝗮𝗿𝗯𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀  – High-integrity carbon markets can drive climate action, but trust is lacking. We launched MIGA’s letter of authorization template administered by the WBG Guarantee Platform to secure insurability rights and standardize government commitments to investors. ➡️𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗘𝗻𝗲𝗿𝗴𝘆 𝗮𝗰𝗰𝗲𝘀𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗛𝗮𝗿𝗱𝗲𝘀𝘁-𝘁𝗼-𝗥𝗲𝗮𝗰𝗵 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮 – Nearly 600 million people in Africa lack basic electricity. At the event, panelists discussed how innovative financing, including specialized funds, can expand access to affordable, sustainable energy in remote areas. Watch the events replays: http://wrld.bg/RyXo50U7pKi

CARB approves major updates to strengthen the LCFS program! On November 8th, the California Air Resources Board (CARB) approved the proposed updates to the Low Carbon Fuel Standard (LCFS) regulation. The updated regulation will set more ambitious carbon reduction standards and increase the stringency of credit qualifications, to ensure long-term integrity in the program. We’ve provided a summary of the key updates to the regulation, focusing on electric fleets and EV networks. Read the CARB Updates on our SRECTrade, Inc. website: https://lnkd.in/gmvRKf8J #LCFS #CleanEnergy #Sustainability #SRECTrade #Xpansiv

Joanna McMaster and I supported fantastic events in Cape Town last week with JSE and Evident. The South Africa carbon and renewables communities are among the most innovative and insightful. Such an interesting area that is straddling compliance markets like SA carbon tax and CBAM with the emergence of corporates' Net-Zero commitments. For those who were spared my closing remarks, here were my main takeaways: - Demand for renewables and zero-emissions power (nuclear) are going to skyrocket with increased datacenter usage driven by AI - I-RECs will continue to rapidly scale in Africa, with the a near-term opportunity to list a regional benchmark across Southern African Power Pool (SAPP) countries - I-RECs are moving beyond accounting for power generation and into the impact space with P-RECs and impact tariffs - Convergence of the voluntary and compliance carbon markets are the key to unlocking the next phase of growth - CORSIA is leading this ^^^ charge and South Africa and neighboring countries are making real progress on Art 6/LOAs/CORSIA supply - We'll emerge in the next wave of growth in carbon markets with infrastructure that is more robust and better connected, and a far more educated participant base - Corporates must outline a clear decarbonization plan that includes environmental credits and internal emission reduction actions, and defend their choices! Xpansiv CBL Anelisa Matutu Chris Sturgess Ed Everson Teresa Everson-Smith Travis Caddy #IRECs #sustainablefinance #carbon #CORSIA #renewables #power #trading #carbonfinance #emissiontrading #registries