🌍✨ UN carbon market forces cookstove projects to protect against forest loss
Why we’re watching: Cleaner cooking projects in the UN carbon market will have to set aside a share of their credits to insure against the risk that the trees they save are lost to fire, drought or logging, after the market’s regulator rejected calls to exempt the sector.
The requirement is part of a new rulebook that the Paris Agreement carbon market regulator – the Article 6.4 Supervisory Body – approved last Friday for programmes that aim to cut emissions by distributing new and cleaner cookstoves in regions that stil… 💚
These are the UN mechanism’s first rulebooks for cookstoves, one of the carbon market’s most popular credit types and also one of its most criticised for overstating climate benefits.
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🔭 What to watch next
- 📌 Key signal: Cleaner cooking projects in the UN carbon market will have to set aside a share of their credits to insure against the…
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Reporting curated for GreenTV. Original reporting via Climate Home News.