Carbon News
  • Members
    • Login
      Forgot Password?
    • Not a member? Subscribe
    • Forgot Password
      Back to Login
    • Not a member? Subscribe
  • Home
  • New Zealand
    • Politics
    • Energy
    • Agriculture
    • Carbon emissions
    • Transport
    • Forestry
    • Business
  • Markets
    • Analysis
    • NZ carbon price
  • International
    • Australia
    • United States
    • China
    • Europe
    • United Kingdom
    • Canada
    • Asia
    • Pacific
    • Antarctic/Arctic
    • Africa
    • South America
    • United Nations
  • News Direct
    • Media releases
    • Climate calendar
  • About Carbon News
    • Contact us
    • Advertising
    • Subscribe
    • Service
    • Policies

UN body steps up pace to implement carbon crediting mechanism

4 Mar 2024

Vice-Chair of the Supervisory Body, Martin Hession at COP28. PHOTO: IISD Earth Negotiations Bulletin.


Media release - The United Nations Body charged with implementing a new carbon crediting mechanism under the Paris Agreement has expedited plans for action at their first meeting since COP28.

The Supervisory Body of the Paris Agreement Crediting Mechanism took a firm step to set out a direction for the year.

 

The Body has stepped up the pace of implementation by simultaneously launching work to develop methodological tools and guidelines while also gathering input on concerns raised by Parties in Dubai. This dual approach aims to progress the work while developing further documents for consideration at COP29 in Baku.

 

"The implementation of a Paris-aligned mechanism is a huge undertaking. With a clear roadmap now in place, we can, and we will, move forward with operationalisation," said Maria AlJishi, newly elected Chair of the Supervisory Body.

 

In an important step forward, two expert panels have been established. The accreditation panel will be ready to start accrediting auditors to verify and validate projects from April 2024. Meanwhile, the methodologies panel will bring in further technical expertise for the development of standards, guidelines, and tools for crediting activities under the mechanism.

 

In a bid to encourage broader participation from Least Developed Countries (LDCs), plans are also in place to alleviate financial barriers by waiving the adaptation share of proceeds for activities within LDCs.

 

Recognising the need to bolster regional capacity, the Body will also lead a global dialogue aimed at facilitating knowledge exchange and addressing shared challenges among designated national authorities.

 

Martin Hession, the new Vice-Chair of the Supervisory Body, underscored the importance of the Body’s work this year, stating: "There is a clear demand out there for a credible carbon crediting mechanism that we intend to fill. We need to respect the interests of host countries, investors and other stakeholders. I am hopeful we can deliver something that is both fair and effective, which works for people and planet."

print this story


Related Topics:   United Nations

More >
Media releases
More >

Biodiversity plan is ‘light on detail and heavy on vague intentions’

Today 10:30am

Media Release - WWF New Zealand | The government’s plan to tackle Aotearoa New Zealand’s biodiversity crisis lacks ambition and fails to match the scale and urgency of the challenge.

Gas decline increases urgency for new electricity generation

Today 10:30am

Media release – Transpower | Declining gas availability means New Zealand has to lift the pace at which it is delivering new electricity generation to reliably meet growing demand over the coming years, a new report from Transpower shows.

Hopeful new way to measure human progress

Mon 30 Jun 2025

Media release - University of Auckland, Waipapa Taumata Rau | In response to the climate crisis, a new way to measure how well people and nature are living together has been announced in the world's leading scientific journal Nature.

Sustainability rising in importance amid increasing strain on professionals

Thu 26 Jun 2025

Media release - Sustainable Business Council | Research released today into New Zealand’s sustainability profession reveals a compelling picture of a profession which is gaining strategic traction, while grappling with systemic challenges.

Most staple food crop production will face big losses due to climate change

Wed 25 Jun 2025

Media Release – Springer Nature | Most staple food crops are expected to experience substantial production losses due to climate change, even when mitigation measures to limit the impact of climate change are considered.

Latest trawl bycatch numbers 'a grim wake-up call'

24 Jun 2025

Media release – Greenpeace | The latest fisheries bycatch data paints a grim picture, with trawlers hauling up thousands of kilograms of coral and killing hundreds of fur seals and seabirds over a 12 month period.

Global survey finds 8 out of 10 people support taxing oil and gas corporations to pay for climate damages

23 Jun 2025

Media Release – Oxfam Aotearoa | Oxfam's research finds that 585 of the world's largest and most polluting fossil fuel companies made $583 billion in profits in 2024, a 68% increase since 2019.

Kiwi farmers unaware of positive public opinion on their environmental performance

19 Jun 2025

Media Release | Close to 90% of NZ's commercial farmers believe their environmental performance is good, according to a survey of almost 3000 farmers, while less than half that number think the public agrees.

Aviation sector’s climate claims unsupported by credible transition plans

18 Jun 2025

Media Release | New analysis finds over-reliance on Sustainable Aviation Fuel (SAF) and lack of investment in zero-emission tech, risking long-term decarbonisation failure.

Government undermines regional powers to protect coastal biodiversity

16 Jun 2025

Media Release | The Environmental Defence Society opposes the Government’s decision to press ahead with amendments to the Resource Management Act that severely curtail the ability of regional councils to manage the impacts of fishing on coastal marine biodiversity.

Carbon News

Subscriptions, Advertising & General

[email protected]

Editorial

[email protected]

We welcome comments, news tips and suggestions - please also use this address to submit all media releases for News Direct).

Useful Links
Home About Carbon News Contact us Advertising Subscribe Service Policies
New Zealand
Politics Energy Agriculture Carbon emissions Transport Forestry Business
International
Australia United States China Europe United Kingdom Canada Asia Pacific Antarctic/Arctic Africa South America United Nations
Home
Markets
Analysis NZ carbon price
News Direct
Media releases Climate calendar

© 2008-2025 Carbon News. All Rights Reserved. • Your IP Address: 216.73.216.119 • User account: Sign In

Please wait...
Audit log: