Climate Insider Brief:

• Gold Standard has launched a public tracker of jurisdictional carbon market regulations, covering 34 jurisdictions and 41 regulations, to enhance visibility and understanding for project developers, governments, and market participants.
• The tracker, developed by South Pole, provides detailed information on regulation types, statuses, entry dates, and useful resources. 
• It will be updated over time and was developed as part of a program supported by the German Ministry for Economic Affairs and Climate Action.

Gold Standard has released a new public tracker of jurisdictional carbon market regulations, aiming to enhance visibility and understanding of regulations across continents for project developers, governments, and other market participants.

The tracker supports greater awareness and comprehension of the increasing number of global regulations, enabling compliance, informed decision-making, and the identification of trends and best practices.

Commissioned to South Pole, a Swiss-based carbon project expert and climate consultancy, the research and development of the tracker followed a public request for proposals in late 2023. Upon its initial release, the tracker covers 34 jurisdictions, including 41 international, national, and subnational regulations. It provides detailed information on the type and status of each regulation, entry into force dates, comprehensive summaries, and links to the regulations and other useful resources. The tracker will be updated as more regulations are introduced.

Margaret Kim, CEO of Gold Standard, commented on the release: “Cooperation is vital for our collective journey towards the Global Goals, and information transparency is vital to help us to reach our destination. Our new public tracker for carbon regulations will help project developers, governments and others to make informed decisions in both the compliance and voluntary markets across continents, ultimately leading to more investment, and most importantly more impact.”

Dr. Daniel Klier, CEO at South Pole, added: “It’s vital that corporates and governments are supported to navigate the evolving landscape of carbon market regulation, which is why South Pole is proud to partner with Gold Standard to launch this innovative platform. We’re confident this platform will strengthen engagement across the market to scale crucial climate investment.”

Gold Standard will host a webinar on July 17, featuring a presentation of the new tracker by South Pole, and a panel exploring emerging trends in national regulations, implications for market actors, and examples of good practice. The webinar is now open for registration.

Gold Standard initiated a programme of work in December 2023, supported by the German Ministry for Economic Affairs and Climate Action (BMWK), to assist users, partners, and other stakeholders in responding to the growth of national regulation and government engagement in carbon market activities. This tracker has been developed under this programme. More information about the programme of work can be found on the Gold Standard website.

Implications for Climate Tech

The introduction of Gold Standard’s public carbon regulations tracker holds significant implications for climate tech. By providing accessible and up-to-date regulatory information, the tracker enables technology developers and investors to navigate the complex regulatory landscape more efficiently. This transparency can foster innovation and investment in climate technologies, promoting the development and deployment of solutions that address climate change effectively. Additionally, the identification of regulatory trends and best practices can guide the development of new technologies and strategies, further driving progress in the climate tech sector.

SOURCE: Carbon Herald

Featured Image: Credit: Gold Standard