A Share of Proceeds for Adaptation (SOPA) in the Voluntary Carbon Market (VCM): A new OCP/ecbi Discussion Note
Social responsibility is one of the key motivators of voluntary corporate action. It is therefore valuable to harness carbon markets to promote multiple co-benefits in addition to mitigation, including adaptation co-benefits, particularly if they promote global equity by generating resources to support those who suffer most from adverse impacts of climate change while having contributed least to causing it - for example through a Share of Proceeds for Adaptation (SOPA). A new OCP/ecbi Discussion Note argues that the Voluntary Carbon...
16 March 2022
In a webinar held on 3 March 2022 and attended by more than 70 people from around the world, contributors to ecbi’s latest policy brief COP26 Key Outcomes discussed the key elements of the brief which evaluates the major outcomes of UNFCCC COP26 and looks to the year ahead. Webinar speakers urged more action in areas like financing, loss and damage, and adaptation. The summary of the webinar discussions can be found here.
15 March 2022
A letter of appreciation has been received by Professor Benito Müller from Minister Simonetta Sommaruga, Switzerland, for his “ high level of engagement leading up to COP26 in Glasgow, ” in particular with regard to the conclusion of the issue of Common Time Frames for NDCs, which had been outstanding ever since the adoption of the Paris Agreement in 2015. Minister Sommaruga and Minister Mujawamariya of Rwanda had been asked by COP26 President Alok Sharma to “consult with ministers on...
24 February 2022
OCP and ecbi have responded to a UNFCCC request for submissions on climate financing with a proposal for a new, collective and quantified public-sector goal on adaptation grant finance. The UNFCCC request was made at the Glasgow Climate Summit, where delegates adopted Decision 9/CMA.3 seeking submissions on a new collective quantified goal on climate finance. The ecbi/OCP submission suggests progress on a new goal is more likely if discussions are held on each of the finance-related elements of the Paris...
01 February 2022