November '24
This month’s updates
Post COP29: key takeaways for carbon markets
Breaking the deadlock on Article 6 was a momentous win for carbon markets.??
While unclear in places, international agreement on the Article 6 rulebook will be a major catalyst for carbon markets in the coming years.?
Carbon markets today are being built on stronger foundations than those of the past, leveraging advanced data and cutting-edge technology, and with proper implementation, they will unlock billions in capital flows.
Read our key takeaways on the outcomes of COP29.
Just today, we hosted a webinar with industry experts and country negotiators from IETA, the UK Department for Energy Security & Net Zero, and the Swedish Energy Agency, on the outcomes from COP29 and what we can expect as Article 6.2 and 6.4 are operationalised over the next year. Click below for a fascinating discussion with experts who were inside the negotiating room and on the ground at Baku.?
Breakthrough on Article 6.4 - what happens next?
Day one in Baku saw breakthrough as agreement was reached for Article 6.4. Read our reaction piece on how this paves the way for unlocking government capital for climate action.
What does a Paris-aligned ITMO look like?
As learned from past markets, Article 6 emission credits, or ITMOs, will vary in quality. Our report lays out drivers of quality for countries developing their Article 6 strategies to ensure ITMO credits are Paris-aligned.?
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CCP update: avoided deforestation methodologies added
The ICVCM recently announced that three avoided deforestation methodologies are now Core Carbon Principles (CCP)-eligible. We found that 13 REDD+ projects that have been excluded by CCP are rated ‘BBB’ or better by BeZero. Project-level carbon ratings remain critical for a live view of carbon risk, especially as projects transition to CCP-eligible methodologies, and as jurisdictional programmes mature. Read our full response.?
What we're reading
Events
S&P Global Carbon Markets
3rd-4th December, Barcelona
Pascal Hartwig, our Chief Product Officer, is speaking at S&P's Global Carbon Markets Conference in Barcelona. He will be joining a panel at 12pm on Wednesday 4th to discuss 'Making carbon a bankable asset: Collateral requirements, providing insurance, asset classification and risk allocation'. If you're there, make sure to come by our booth to meet our team.
ISDA x BeZero's VCM forum: completing the carbon pricing framework
5th December, Brussels
We're co-hosting an event with ISDA in Brussels on Thursday 5th December where we will discuss the latest COP29 developments, key EU carbon market policies, and the future of VCM regulation. This is the opportunity to hear from regulators, senior industry experts and meet our team on the ground, including our Chief Innovation Officer and Co-founder Sebastien Cross. Register here.?
Our team at COP29
Want to find out more about BeZero's time in Baku? Visit our dedicated COP29 hub.
Thank you for reading!
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Sustainability Professional | Clean Cooking Expert | Renewable Energy and Energy Efficiency Enthusiast | Climate Finance and Carbon Markets Practioner.
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