What can we expect in the next 12 months?
WHAT TO LOOK FOR…
WHAT TO LOOK FOR?
PROJECT TYPES THAT ARE GROWING IN IMPORTANCE?
The Integrity Council for the Voluntary Carbon Market started the certification process at the program-level. So, we can expect to start seeing standard bodies responding to the call.
The VCMI Monitoring, Reporting, and Assurance (MRA) Framework will be published in November 2023.
MARKET VOLATILITY FROM POLICY REFORMS IN THE EU
Mix of policies will have an impact on how carbon markets operate.
– Fit for 55: EU net-zero plan by 2050
– Repower EU: save energy, produce clean energy, diversify its energy supplies
– CBAM: decarbonization options for industrials limited by shorter time to implement than power sector / free allocation of ETS allowances decrease rapidly in time / debate on timeline / increase in carbon price will take place faster
– Market stability reserve, addressing supply of allowances