Carbon Herald’s Post

How can carbon markets reach their full potential? Hirander Misra, CEO of ZERO13 and GMEX Group, discusses the need for innovative tech and finance solutions—from blockchain-based transparency to green bonds—to build a more inclusive carbon market. Learn how ZERO13 is driving climate action and tackling challenges like market fragmentation and undervaluation of carbon credits. 👉🏼 Unlock these insights and see how innovation is shaping a more sustainable carbon market. Sign up for free on TabbFORUM to read the full article: https://lnkd.in/d92SyR5K 👉🏼 In the event you cannot access it, please see the full article here: https://lnkd.in/e8dNDcTv #ZERO13 #CarbonMarkets #ClimateFintech #GreenFinance #CarbonTrading #ClimateAction #SustainableInnovation #TABB

✨Temasek-backed Climate Impact X to feature carbon ratings on trading platform♻️ https://lnkd.in/g7-HixRq 🌟Climate Impact X (CIX), the Temasek-backed carbon exchange, has partnered with BeZero Carbon to integrate carbon credit quality ratings into its trading platform.🍀 ☀️Partnership Features + Integration of BeZero Carbon's ratings on CIX Exchange's main trading screen + Eight-point rating scale (AAA to D) assessing carbon credit quality + Project-level assessments available to all platform users 🔆Strategic Benefits + Enhanced Market Transparency + Real-time trading of benchmark spot contracts and single projects + Price discovery between benchmark contracts and individual projects + Added reference point for project integrity risks ⚡️Improved Decision Making + Users can assess relationship between price and credit quality + Each BeZero Carbon rating notch corresponds to ~30% price premium + Better alignment of trading strategies with risk appetite Ellery Sutanto, CIX Head of Exchange: "This partnership not only reinforces CIX's commitment to fostering a more transparent and efficient carbon market, but also demonstrates our dedication to providing our customers with seamless access to the insights they need to make informed decisions."💡 Tommy Ricketts, CEO and Co-founder, BeZero Carbon: "It's through partnerships such as these that ratings have quickly become critical infrastructure for the expansion of carbon markets on a global scale, enabling the effective allocation of capital towards high-quality projects."🌿 Market Impact🎯 + Facilitates informed trading and investment decisions for financial institutions, intermediaries, and corporate buyers + Strengthens integrity of carbon markets + Supports growth of Southeast Asian carbon markets + Helps direct capital toward quality climate projects Implementation Date 🌏 4 November 2024 #Sustainability #CarbonCredits #VoluntaryCarbonMarket #CarbonMarket #CarbonRatings #ClimateAction #CarbonProject #ESG I The Business Times I SPH Media I Janice Lim l Oi-Yee Choo

Explore the latest insights from Hirander Misra, Chairman & CEO of GMEX Group, as he delves into the transformative potential of carbon markets and the pressing need for innovative financial products and technological advancements. 👉🏼 For a deeper dive into how technology and collaboration can help carbon markets achieve their potential, read the full article – sign up for free on TabbFORUM: https://lnkd.in/d92SyR5K 👉🏼 In the event you can’t access it, please see the full article here: https://lnkd.in/e8dNDcTv #ClimateFinance #CarbonMarkets #SustainableInvesting #GreenBonds #GMEXGroup #ESGFinance #ClimateAction #TABBInsights

Impact Bonds have been surging in demand, and my colleague Ian Stannard has conducted a fascinating analysis of the relative decarbonization performance of ESG-Labelled Bond issuers. His research reveals significant variations in the pace of historical decarbonization and future decarbonization pathways among different categories of ESG-Labelled bond issuers. Check out his findings in the full article below. https://lnkd.in/eeV4GCbW

Worth watching this week: this quarter’s MSCI Carbon Markets “Voluntary Carbon Market in Review”, which looked at developments in the voluntary carbon market in Q2 2024. Aside from the wealth of data presented on #CarbonMarkets, another key takeaway for me was that Corporate commitments to Science Based Targets initiative continue to increase (see chart below), with some nuances: 1️⃣ Some decrease can be observed in the rate of growth for both Emission Reduction Targets and Net Zero Commitments, likely due to recent uncertainty and news flow surrounding SBTi’s guidelines. 2️⃣ The number of companies making new or enhanced commitments (997) is more than 8x that of companies with commitments withdrawn or expired, despite the latter taking a lot more space in the news flow. 3️⃣ According to MSCI Carbon Markets, companies that are active buyers in the Voluntary Carbon Market continue to decarbonize much faster than those that are not (updated analysis to be released soon). 👉 Rewatch the full webinar here: https://lnkd.in/d3NPfKyQ

Measures put in place to restore confidence in carbon credit markets could help push prices to $238 per ton, building a market value of over $1.1trn by 2050, according to BloombergNEF’s (BNEF) Long-Term Carbon Offsets Outlook 2024 report. Author: Michael N. Read more on ESG Clarity EU: https://lnkd.in/e7yRHztB #bloomberg #carboncredit #carbonmarkets

Australia’s carbon market is gaining strength and positioning us to both accelerate the net-zero transition and become one of the world’s leading producers of carbon credits. This is highlighted by the newly released 2024 Carbon Market Institute (CMI) Report, supported by Westpac Institutional Bank, which also highlights that the current work on governance and reforms to further strengthen integrity is essential. Anthony Miller Alastair Welsh Kosta K. Michael Chen Tim Parker Michael Holmes

I must admit, I initially felt sad as I read the new State of the Voluntary Carbon Market report from Ecosystem Marketplace – over a billion dollars in climate finance that would have gone primarily to the Global South, and a large chunk of that to nature-based solutions – disappeared in 2023. But now, on reflection, I’m not overly downhearted about it, the data reflects the transition of the market, with buyers preparing for the ICVCM Core Carbon Principles, VCMI Claims Code, and Verra consolidated REDD methodology becoming operational. As well as that, transaction data from the first few months of 2024 are showing signs of pick up and we’ve had a number of positive developments since the end of 2023. The VCM has been endorsed by John Kerry, IOSCO, the US Government and the World Bank and there have been a number of major announcements that demonstrate the transitions and developments in the high-integrity market. This includes the White House policy statement and principles, progress on JREDD (first CORSIA credits from Guyana, new ERPAs for Ghana and Costa Rica), strong buy-side demand signals from LEAF and newly launched Symbiosis Coalition, and major purchase agreements from companies like Microsoft, to give a few examples. The inimitable Rich Gilmore posted just today about a new report by Morgan Stanley that predicts a strong rebound for the VCM: https://lnkd.in/dDaGJCQq And of course there are other data sets and interpretations out there - I’d love to see a full synthesis! MSCI Carbon Markets, AlliedOffsets, Xpansiv Now that these new findings have sunk in, I am more optimistic. As we come through this transition era, the VCM looks set to deliver more high-integrity carbon finance for the global south and nature. #CarbonFinance #VoluntaryCarbonMarket #ClimateSolutions Callum Heckstall-Smith, Benjamin Simonds, Lucy Almond, Eric Wilburn, Simas Gradeckas, Oliver Bolton, Genevieve Bennett, Brad Kahn

 JLN spoke with three dynamic leaders representing exchanges from the Association of Southeast Asian Nations (ASEAN), all members of the World Federation of Exchanges for our recent roundtable on #transitionfinance to move markets toward netzero. Speaking with us were Dr. Soraphol Tulayasathien, of The Stock Exchange of Thailand (SET); Dr Dr Hezri Adnan, of Bursa Malaysia; and Laurent Poirot, of SGX Group. Contributing to the conversation were Nandini Sukumar, CEO of The World Federation of Exchanges and Victoria Powell, senior manager – ESG, regulatory affairs for the WFE. Says the University of Oxford: "Net zero refers to a state in which the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere. The term net zero is important because – for CO2 at least – this is the state at which global warming stops. The Paris Agreement underlines the need for net zero." How can stock exchanges encourage the financial transition to net zero? Stock exchanges provide infrastructure for markets around the world. A well-developed and well-regulated exchange supports an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who face risk. These benefits transfer to emerging products and services offered in the net-zero, ESG and carbon sectors. Working alongside governmental policy and corporate responses, financial institutions will need to develop transparent and tangible action plans in the short and long term, executing realistic strategies underpinned by robust, science-based targets and consistent with the principles of a just transition, according to the United Nations Sustainable Stock Exchanges Initiative (SSE). Here are some key strategies: — Aligning services and products with the Paris Agreement goals, integrating them into core business operations to achieve net zero emissions by 2050. — Building internal capacity to understand the risks and opportunities of the net zero transition, using best-practice methodologies and proactively addressing data gaps. — Setting and reviewing interim targets to align services and products with the net zero transition, aiming for a fair share of the 50% global emissions reduction by 2030. — Setting science-based emissions reduction targets for operational emissions (Scopes 1, 2, and, if material, 3) consistent with 1.5°C pathways, with interim targets by 2030. — Engaging stakeholders on the importance of setting net zero targets across all emission scopes and the impact on reducing GHG emissions. — Ensuring services and products incorporate the best climate science, support innovation, and focus efforts where impact is significant. — Engaging with stakeholders and policymakers to support corporate and industry action towards a net zero transition, contributing to GFANZ efforts. — Reporting progress annually, including disclosures aligned with TCFD recommendations and climate action plans. https://jlne.ws/3RXvwjd