Ecosystem Marketplace

Through our public version of the Global Carbon Markets Hub, all users have access to the world's largest database of global voluntary carbon markets transactions: https://lnkd.in/e8vceZ55 Through this resource, EM aims to improve access to carbon markets information for communities, smaller market players, & the general public. Charlotte Barber Kate Brandaw Ellis Ciro Calderón Alexander Procton Chad Phillips Laura Weatherer

#GoodNews for climate: Ecosystem Marketplace launched a public version of the Global Carbon Markets Hub to improve access to carbon markets information for communities, smaller market players, & the general public. Visit the Hub: https://lnkd.in/e8vceZ55 Read more good news here (pg. 8): https://lnkd.in/eHu9aKPr

?????????[COP29] BREAKING: Article 6.2 adopted: https://lnkd.in/dYghEPsU Article 6.4 adopted: https://lnkd.in/d3sWxfMq November 23 - 21:30 Baku

MONDAY: Join us for a discussion on the State of the Blue Carbon Market, plus strategies to scale investment in blue carbon ecosystems. Register today! https://lnkd.in/epuGtjch Charlotte Barber Kate Brandaw Ellis Alexander Procton Tundi Agardy Elizabeth Littlefield Juliana C. Stefanie Simpson Ciro Calderón Laura Weatherer West Africa Blue The World Bank The Nature Conservancy

?? November 21 - New Article 6 text published today (links below) COP29 Azerbaijan: ? #Overall 6.4 text: Not many significant changes compared to yesterday’s version. This could be a positive sign that this version is getting close to something that can be agreed on by the end of this COP Some quick highlights for Article 6.2: ? #CooperativeApproaches: This whole section was #excluded from today's text. This exclusion has been requested by several countries that think this had already been covered by the Glasgow text and rediscussing these concepts went beyond the CMA’s mandate. ? #Authorization: There are three types of authorization: for the cooperative approach, for ITMOs, and for participating entities. This had also been decided in Glasgow. Countries SHALL NOT make any changes to an authorization ITMOS after the #firsttransfer unless they have agreed to applicable terms in a bilateral agreement. A definition of when countries could change or revoke authorizations was one of the main expectations for COP29 Azerbaijan, so let's see how it ends up in the final text. ? #Inconsistencies: The definition of “#persistent inconsistencies” was excluded from this new version and there are more references to “#significant inconsistencies”.?Now, it is up to the Article 6 Technical Expert Review (#TER) team to determine when inconsistencies are significant and persistent. The new text has much weaker language on how to address inconsistencies: Instead of “shall” not be used for NDC, the text now “requests” countries not to use ITMOs identified with inconsistencies in NDCs. Significant and persistent inconsistencies identified in the Article 6 technical expert review will be publicly displayed on the centralized platform, including their duration, non-responsiveness, and whether they involve single or multiple parties. ? #registries: The Article 6.4 mechanism registry and participating Party registries will be connected to the international registry. This connection will allow for the viewing and transfer of data, including the holdings and action history of authorized emission reductions (A6.4ERs), in line with interoperability arrangements and the functions outlined in prior decisions. ? #Postponed2028: Decided that “remaining matters” will be discussed in 2028. This likely includes further guidance on corresponding adjustments for #single-year vs. #multi-year targets. In my view, this is a really important issue to reduce the risk of #overselling for seller countries and “avoid” surprises in 2030. It was supposed to have been discussed at COP28 but it never made it to the agenda. In Bonn (SB60) earlier this year, the SBSTA had already postponed the discussion on #emissionsavoidance and #conservationenhancement until 2028. As a reminder, this decision ***DID NOT*** exclude #nature and #REDD+ until 2028. On the contrary, nature and REDD+ activities that result in emissions reductions or removals are already included in Article 6.

Our 2024 Impact Report is here! Together with our partners & donors, we’ve spent the last 25 years creating a better future for all: https://lnkd.in/eHu9aKPr We’re experimenting & demonstrating, building a global network, & sharing models that align economies with the power of nature, giving us our best shot at addressing daunting climate challenges. Join us. Make your donation today: https://lnkd.in/eFzibZAm

Today I wanted to provide some quick reflections from this year's COP. My big headline was that it felt very different from Dubai, because it was very focused on what we might call implementation. The COP Presidency had spent a lot of time and energy promoting it as "the Finance COP" and there are few questions more critical to implementation than finance. In Dubai, finance presentations were conceptual in nature, and when I would speak to finance professionals from the various panels and highlight how the conceptual approach they outlined wouldn't work in practice, the answer I got back was almost always some form of, "That's not our problem, it's yours." This year was very different. Almost every finance panel was in the weeds and really grappling with the nuts and bolts of the challenges. And, there have been promising developments in the previous year that will help bring private finance into the equation in a major way. In the context of carbon markets, these developments include the continued growth of ratings agencies, the arrival of credible carbon insurance providers, the awareness on the part of buyers that they may need to provide some project finance up front, and the work of banks and the financial sector overall to figure out mechanisms for them to support project finance. Similar developments are under foot in every arena of mitigation, as we all struggle to answer the question, "Who will pay for the transition, and why?" What does this mean for you, wherever you are sitting in the climate community? A few things: 1) The world has collectively decided to address climate change in a largely voluntary, bottom-up fashion. That means there are going to be a bewildering, confusing thicket of initiatives and frameworks we're all going to have to sort through. This also means there is going to be a lot of trying, and failing, and pivoting. It will feel chaotic and disorganized. All of us need to develop the attitudes necessary to thrive in such a world. These would include, at a minimum, a comfort with uncertainty, a curiosity about new ideas and perspectives, and (perhaps most importantly) a high tolerance for collaboration to achieve shared objectives. 2) In this brave, new and uncertain world, the organizations that are courageous enough to move things forward and share what they've learned (good and bad) are going to disproportionately shape the playing field. The organizations that sit back and wait for things to become "clear" are going to be at a disadvantage. This is going to be hard to wrap our minds around, because what will SEEM the safe course (keep our heads down, wait for others to lead so we can follow) will actually be the most perilous. This COP felt like that world: decentralized and a little out of control, but full of people who have rolled up their sleeves and are getting to work. On balance, I am more optimistic today than I was when I landed in Baku a week ago.

If you're trying to stay on top of the biodiversity finance solution set - here's a great read from Mariana Sarmiento Charles Bedford and Timothy Male on coupling the current wave of infrastructure investments (driven by decarbonization, urbanization, agribusiness, and digitalization) to NATURAL infrastructure investments. They make the case for using habitat banks as the delivery mechanism to get faster, more permanent nature restoration projects in place. https://lnkd.in/gVpUkYWv

Join us on November 25 at 11:00am EST for a webinar on the State of Blue Carbon Market! https://lnkd.in/epuGtjch Significant investment in blue carbon ecosystems is needed to stem degradation and maximize the potential of these ecosystems to mitigate climate change.?This webinar will advance understanding of blue carbon’s potential, and a core set of strategies to unlock public, private, and blended investment. Speakers: -?Tundi Agardy, Executive Director, Sound Seas -??Alexander Procton, Associate Manager, Ecosystem Marketplace -? Elizabeth Littlefield, Senior Partner, West Africa Blue -??Juliana C., Marine Natural Resources Management Specialist, The World Bank -?Stefanie Simpson, Senior Blue Carbon Manager, The Nature Conservancy Genevieve Bennett Charlotte Barber Kate Brandaw Ellis Ciro Calderón Laura Weatherer

#ARTICLE6 – WEEK 1 UPDATE As we head into #Week2 of COP29 Azerbaijan, there's been some confusion around what happened during the first week. Here’s a brief wrap-up: ? Is Article 6 finalized? No! Day one of COP29 Azerbaijan came to a close with some significant #progress on the Article 6 negotiations, following the approval of the new 6.4 #standards on #removals and #methodologies. While encouraging, there is still much work ahead to finalize Article 6 (see below). ? Why are the standards on methodologies and activities involving removals such a big deal for Article 6.4? Without the adoption of guidance on methodologies and activities involving removals at COP27 - UN Climate Change Conference and COP28 UAE, Article 6.4 remained #stalled until new frameworks could be approved at COP29 Azerbaijan. In the meantime, project developers, supply countries and investors were waiting before starting trading through the Article 6.4 mechanism. ? Is Article 6.2 operational? Yes, since 2021. While additional guidance on reporting and the ability to change or revoke authorizations remains important, the #momentum surrounding Article 6.2 agreements continues to grow, with dozens of #bilateral deals signed, and more countries participating as both buyers and sellers. ? Is Article 6.4 operational for new projects? Not yet. While the adoption of #standards is a crucial step, Article 6.4 is not yet operational for new projects. There are no approved #methodologies and without them, no projects can be #registered. Also, the Article 6.4 #registry is not yet operational. However, projects #transitioning from the #CDM can continue using CDM methodologies until #2025, so the absence of methodologies affects them less. ? How can the decision of COP29 Azerbaijan impact the operationalization of Article 6.4? The Supervisory Body operates under the CMA. If the CMA requests substantial changes to the standards at COP29 Azerbaijan, it could delay methodology approvals. Alternatively, if the CMA refrains from further revisions - which seems to be the case so far - approvals could proceed more quickly.? ? What is still being negotiated in Article 6 during week 2 of COP29? Many things! ?? For Article 6.2: countries are discussing the scope and definition of a "cooperative approach," the timing and content of authorizations, and whether these authorizations can be amended or revoked. They’re also addressing reporting requirements and the consequences of inconsistent information. ?? For Article 6.4: today’s new text (November 18) includes further guidance on methodologies, authorization, registries, contributions to the Adaptation Fund, and the transition of certain #CDM activities like #afforestation and #reforestation. John Verdieck Kimberly Myers Kelley Hamrick Malvar Clare Shakya Lucy Almond Patricia da Matta Kendall Damon Rebecca Humphries Tom Jennings Ximena Apéstegui José Otavio Passos