The Taskforce on Scaling Voluntary Carbon Markets (the TSVCM) today released its Phase 2 Public Consultation Report (the Report). The Report provides background on TSVCM activities and current thinking in support of consultations launched today to help inform and provide stakeholder feedback for the Phase 2 Final Report, to be published in July (read our previous bulletin on the TSVCM’s Phase 1 Final Report on creating large-scale carbon credit trading markets here). The TSVCM is conducting public consultation between May 21 and June 21, 2021 on the proposed governance design and preliminary recommendation guidelines from interested parties, particularly those interested in being a Founding Sponsor, Independent Board Member, Expert Panel Member or Executive Secretariat Host for the new governance body. Interested parties are encouraged to contact Lisa DeMarco at lisa@resilientllp.com to discuss opportunities for engagement with the TSVCM. Background. The TSVCM was launched in 2020 by Mark Carney, UN Special Envoy for Climate Action and Finance and former governor of both the Bank of Canada and the Bank of England, and is chaired by Bill Winters, Group Chief Executive, Standard Chartered, and sponsored by the Institute of International Finance (IIF) through the leadership of Tim Adams, President and CEO, with Annette Nazareth, former Commissioner of the US Securities and Exchange Commission, serving as TSVCM’s Operating Lead. Objectives and focus of the TSVCM. The Report provides the objectives and focus of the TSVCM, which include increasing public awareness of the climate and co-benefits associated with voluntary carbon markets (VCM). In addition, the TSVCM focuses on: High-integrity carbon credits and robust, transparent, and liquid markets; Addressing the oversight needs for an at-scale market; Legal principles and contracts through harmonization and liquidity by streamlining standard Terms of Use and developing general trading terms; Credit level integrity with respect to Core Carbon Principles (CCPs)…
The Supreme Court of Canada (the Court) yesterday released its landmark 6-3 decision upholding the constitutionality of the Greenhouse Gas Pollution Pricing Act(GGPPA or the Act).
The Supreme Court of Canada (the Court) has released a landmark decision upholding the constitutionality of the Greenhouse Gas Pollution Pricing Act (GGPPA), in a 6-3 decision with 4 sets of reasons.
On February 10, 2021, MaRS will launch “Mission from MaRS” a pan-Canadian climate-impact challenge meant to accelerate the adoption of homegrown climate tech and create thousands of jobs.
The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) yesterday released its final report providing a blueprint for creating a large-scale, transparent carbon credit trading market (the Report).