Entries for 'Carbon Markets'
April 7, 2022
Offset issuance in voluntary carbon markets declined sharply in Q1 2022-the slowest pace of issuance since Q3 2020. Most of the issuance came from China, the DRC, Indonesia, India, the U.S. and Turkey in Q1.
November 10, 2021
The EU Carbon Border Adjustment Mechanism (CBAM)—which would charge importers of steel, aluminum, and other inputs a tax equivalent to the EU’s domestic carbon price—calls for a gradual phase-in of reporting “embedded emissions”; From 2023, reporting on iron, steel, aluminum, fertilizer, electricity, and cement will take effect, and importers will start paying a tariff on these products from 2026; In 2020, the EU imported some $50 billion in “CBAM products” from countries outside of the EU Emissions Trading System; Russia, China, and Turkey export the most CBAM products to the EU; Italy and Germany are by far the largest importers.
December 23, 2020
The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda. In the December issue, we discuss the how a US framework for sustainable finance could take shape under a Democratic Administration. In addition, we share the latest policy and regulatory updates, an overview of open sustainable finance consultations, news on key initiatives, frameworks and tools, our ESG market snapshot, and a calendar SFWG activities in 2021.
October 12, 2020
The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda. In the October issue, we discuss the IIF's Taskforce on Scaling Voluntary Carbon Markets and the transition to net zero emissions, share key updates on policy and regulatory developments, the latest on key initiatives, frameworks and tools, our ESG market snapshot, and SFWG activities and events.
September 3, 2020
Voluntary carbon offset (VCO) issuance has grown strongly in recent years, doubling in 2019 to nearly 130 MtCO2e; However, trading volumes have been subdued since peaking at 135 MtCO2e in 2008.
June 22, 2020
This IIF Staff Paper examines what the European Council will prioritize in the second half of this year. Although Berlin had drafted an ambitious program – transitioning to a greener economy, boosting digitalization, reforming migration policy and redefining the bloc’s relationship with the UK as well as China – the German Presidency will now instead prioritize tackling the challenges of the COVID-19 pandemic.
January 28, 2020
With a growing focus on sustainable finance, and particularly the need for a robust toolkit for climate risk management and disclosure, the Institute of International Finance (IIF) and European Banking Federation (EBF) conducted a joint survey of their members. The survey of 70 financial firms around the world, with total assets of nearly $40 trillion, finds that the streamlining of measurement and disclosure frameworks, and increased international collaboration, are key to strengthening the climate-related risk analysis and reporting toolkit.