Climate Mundial today launched the Paris Climate Bond concept at the In-Session Workshop at the UNFCCC climate talks in Bonn: Exploring financing and use of the CDM by international climate finance institutions.
Click here for more details on the presentations.
Click here for more information on the Paris Climate Bond concept.
Climate Mundial is proud to support Scatec Solar, who today announced an exciting new agreement to sell UN-certified carbon certificates to the Norwegian Ministry for Climate and Environment.
More details on the announcement can be found here.
Climate Mundial managing director Daniel Rossetto took part in a panel discussion at the UNFCCC climate talks today in Bonn to discuss the future of the Kyoto Protocol’s Clean Development Mechanism. Click here for a report on the discussion.
The CDM would make the ideal eligibility assessment, measurement and verification tool for green bonds. This was the proposal put forward today by Daniel Rossetto of Climate Mundial at the CDM for the Future workshop being held at the UNFCCC headquarters in Bonn, Germany. Click here to download the presentation.
As the Board of the Green Climate Fund meets in Bali, Indonesia from 19-21 February, Climate Mundial draws attention to the possible design of the Fund’s Private Sector Facility, which will be of interest to participants in the CDM market.
On the CDM the paper states:
“Regardless of the fate of carbon credits as compliance instruments in a post-2020 world, the Clean Development Mechanism (CDM) has created a credible and transparent framework for results-based (pay-for-performance) financing of low cost mitigation activities, in poor rural and urban communities in developing countries. Using reverse auctions to establish required floor prices, the PSF could provide price guarantees on certified emission reductions (CERs) from CDM projects that supply clean efficient cook stoves, high-efficiency lighting, solar photovoltaic supply and solar energy appliances, small-scale biomethanation projects and the like, driving private capital into marketplaces and countries where the product and services are unaffordable and private capital is rarely deployed at scale. The PSF could retire the CERs to avoid double-counting by re-use of these CERs for compliance purposes.”
This item and others related to climate finance were the subject of an interview today by Climate Mundial managing director Daniel Rossetto with Bloomberg News. Contact us for further details about the interview.
The European carbon market shows us that emissions trading can deliver greenhouse gas pollution cuts much more cheaply than forecast. The next challenge, which is for all nations of the world to consider, is how to reform carbon markets to realise their full potential to drive investment in cleaner technology. Click here to see Daniel Rossetto, Managing Director of Climate Mundial and global carbon markets expert, speaking yesterday in London with Bloomberg’s Guy Johnson on this critical topic.
The EU is now considering changes to its carbon market to fix a glut of emission permits, which will be one of its few chances to mend the program and show it can help stimulate economic recovery, said Daniel Rossetto, managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets.
To read the full article, click here.