Carbon Market Insights – 3rd Edition

Welcome to the latest edition of our newsletter, bringing key updates from recent carbon market discussions and developments.

1.Day 1 Summary – 1st International Conference on India Carbon Market Key discussions covered clean energy investments, carbon market development, compliance mechanisms, and offset strategies. Experts highlighted policy frameworks, global best practices, and infrastructure needs for India's growing carbon market. Full details

2.Key Takeaways – India’s Carbon Market Journey (Day 2) Discussions focused on private sector engagement, renewable energy incentives, Article 6 opportunities, price transparency, ecosystem-based interventions, and clean technology financing. The role of international cooperation and financial mechanisms was emphasized to drive India's transition to a low-carbon economy. Read more

Unofficial Update: Bhutan and Singapore are expected to sign a bilateral carbon market agreement soon.

3. Maldives Submits 3rd NDC Report The Maldives has submitted its Third Nationally Determined Contribution (NDC) report to the UNFCCC, outlining its updated climate commitments. Access the report

4. Verra’s New Rice Methodology (VM0051) The updated methodology enhances eligible project activities, safeguards, and monitoring parameters for rice management.

-Expands project eligibility (methanotroph use, shortened cultivation, residue management).

-Strengthens safeguards against soil organic carbon (SOC) losses.

-Baseline emissions set using a three-year historical look-back period.

-Introduces real-time digital MRV monitoring for improved accuracy.

Details here

5. CDM Methodologies Panel (MP96) – Key Updates The 96th CDM Methodologies Panel Meeting (MP96), held February 26–28, 2025, in Bonn, Germany, focused on:

-Governance & Management – Updates from the 123rd Executive Board meeting and upcoming deadlines.

-Regulatory Matters – Revisions in GHG emission reductions, renewable energy storage, and wastewater treatment methodologies.

-Animal Manure Management – Further discussions on NM0386, consolidating methodologies for multi-site manure collection and biogas treatment (ACM0010 & AM0073), addressing fugitive methane emissions and IPCC updates.

-Non-Renewable Biomass (fNRB) Review – Developing subnational/regional values for clean cooking methodologies.

-New Methodologies – Assessing alternative rice cultivation, nitrogen fuel gas replacement, and microbiological agents for N₂O reduction.

Upcoming: The CDM Executive Board will meet at the end of March to discuss updates on CDM pathways, existing projects, and methodologies.

Thanks for tuning in! Stay connected for the next update on Article 6.4 & 6.2 developments.