S1E66: Article 6 - Rise of the carbon markets?: Green Pulse Ep 66

Green Pulse Ep 66: Article 6 - Rise of the carbon markets?


18:59 min


Synopsis: Every first and third Monday of the month, The Straits
Times analyses the beat of the changing environment, from
biodiversity conservation to climate change.


At the recent COP26 climate talks in Glasgow, Scotland,
negotiators from nearly 200 nations concluded discussions on
Article 6 of the Paris Agreement. This relates to carbon markets,
and whether countries can trade carbon credits to meet their
climate pledges — known as nationally determined contributions
(NDCs).


The discussions, six years in the making, also established rules
on who emissions savings accrue to, if one nation pays to set up
a green initiative - say a wind farm instead of a coal plant - in
another country.


But what exactly are these new rules and markets and what are
some of the concerns that still remain?  To help explain
what it all means for governments and investors, ST environment
correspondent Audrey Tan and climate change editor David Fogarty
speak with Mr Richard Saines, who is partner at Pollination, a
specialist climate change investment and advisory firm.


Highlights of conversation (click/tap above):


1:13 What is the difference between existing voluntary and
compliance carbon markets, and how will the outcome at COP26
change them? 


5:56 What is the key provision under Article 6 that ensures
carbon credits are not double counted?


6:45 How does Article 6 help countries cooperate to find cheaper
ways to cut their emissions, while ensuring an overall reduction
in concentration of greenhouse gases in the atmosphere?


8:50 What is the potential of nature in yielding new
emissions-reductions projects?


15:46 With the rules for international carbon trading agreed on
at COP26, how soon can countries start buying credits to meet
their climate goals?


Carbon credits explained:
https://www.straitstimes.com/world/carbon-copy-tricky-carbon-market-rules-struggle-to-get-off-the-ground


Produced by: Audrey Tan (audreyt@sph.com.sg), David Fogarty
(dfogarty@sph.com.sg), Ernest Luis and Hadyu Rahim


Edited by: Hadyu Rahim


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