16th Carbon Credit Markets 2025 week. Alert NDCs, France and UK towards high-integrity voluntary carbon credits, Article 6, partnership to reforest the Amazon and NASA about unexpected sea level rise.
- Art Dam
- Apr 27
- 5 min read
Monday, 28 April 2025.
This week, we initially analyzed NDCs as a warning sign for COP30. And regarding carbon credits, after the movements of the last few weeks (see our previous posts), France 🇫🇷 and the United Kingdom 🇬🇧 are now formally positioning themselves in the direction of high-integrity voluntary carbon credits. At the same time, the 🌏UNFCCC is expanding its portal on Article 6. And in Brazil, 🇧🇷 another partnership to reforest the Amazon and strengthen the carbon credit market. Finally, we disseminated NASA's scientific analysis on the unexpected rise in sea levels 🌊 last year.
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CLIMATE GOVERNANCE
🌏NDCs. A warning sign for COP30 in Brazil?
Almost 50 days have passed since the last NDC was submitted, that of Zambia.
So far, around 20 countries have submitted their revised NDCs since the last COP29 in Azerbaijan, out of a total of 196 countries that signed the Paris Agreement. This means that there are still 176 countries left to submit their updates. Those who have submitted so far (April 27, 2025) and in order are:
* 2024: United Arab Emirates, Brazil, United States, Botswana, Uruguay
* 2025: Switzerland, United Kingdom, New Zealand, Lesotho, Andorra, Saint Lucia, Ecuador, Zimbabwe, Singapore, Marshall Islands, Canada, Japan, Montenegro, Maldives, Cuba, Zambia
CarbonCreditMarkets estimates that these countries would account for approximately:
* 10% of the global population
* 20% of the Earth's total land area
* 30% of global forest area
* 20% of global CO2 emissions
The original deadline for submitting the revised NDCs was February 10, 2025 but has been extended to September 2025.
Under the Agreement, there is no punishment for non-compliance. However, this postponement and the international stance of not complying with the original deadline is a clear indication of the challenges of this issue at the upcoming COP 30 in Brazil.
CREDITOS DE CARBONO
🇫🇷The French government has launched the Charte sur les Crédits Carbone.
The document outlines the key principles for the use of carbon credits, emphasizing that they should complement, not replace, emissions reduction efforts. In line with the Paris Agreement, the text reinforces the pillars of integrity and transparency.
It also mentions the Article 6.4 mechanism, which plays a crucial role in contributing to the Adaptation Fund and supporting developing countries, including vulnerable island states.
Presented at the ChangeNOW 2025 event by Agnès Pannier-Runacher, France’s Minister for Ecological Transition, Biodiversity, Forests, the Sea and Fisheries, the document reinforces the need for private sector involvement. The Minister highlighted the importance of adopting validated and ambitious strategies to achieve net zero, stressing:
"In the face of climate urgency, international cooperation is more essential than ever. To reduce greenhouse gas emissions on a global scale, it is necessary to mobilize all available resources. Companies have a fundamental role in this dynamic: by financing high-impact projects in developing countries, they contribute to the construction of a reliable, supportive and economically efficient carbon market, as a complement to their own decarbonization efforts. I reiterate my call: get involved!"
See more details here.
🇬🇧UK launches Public Consultation on Voluntary Carbon and Nature Markets.
Launched on April 17, the public consultation focuses on improving the integrity of these markets. The consultation seeks views on the implementation of the UK government’s principles for ensuring the quality and transparency of carbon and nature credits.
The objectives include:
* Setting minimum quality standards for voluntary carbon credits, such as the ICVCM principles and the VCMI Code of Practice, both based in London.
* Exploring governance and regulatory models to support high integrity practices.
* Promoting the responsible use of carbon credits as part of climate and biodiversity strategies.
Bearing in mind that ICVCM and VCMI are based in London, the UK has sought to position itself as a global hub for validating the integrity of carbon credits, something that has accelerated after 2023, after the Swiss South Pole faced accusations related to the integrity of some of its carbon credit projects, such as the Kariba REDD+ forest conservation project in Zimbabwe.
Click here for more details on the public hearing, including how to participate. The consultation closes on July 10, 2025.
🌏UNFCCC, a comprehensive portal on Article 6.
The webpage on cooperative implementation of Article 6 has been updated to create a broader reference for Article 6 and improve access to information on its three main components:
* Article 6.2, accounting and reporting guidance on international transfers between countries of mitigation efforts and their nationally determined contributions (NDCs).
* Article 6.4, a new UNFCCC mechanism that can be used to trade high-quality carbon credits.
* Article 6.8, opportunities for cooperation to enhance climate action, but not market-based.
🇧🇷Partnership to reforest the Amazon and strengthen the carbon credit market.
A few days ago, the Brazilian oil company Petrobras and BNDES, a local development bank, announced an innovative partnership called ProFloresta+, focused on restoring up to 50,000 hectares of degraded areas in the Amazon. This initiative seeks to capture around 15 million tons of carbon, contributing significantly to strengthening the carbon credit market in Brazil.
The program foresees the contracting of carbon credits generated by ecological restoration projects, with Petrobras guaranteeing the purchase of these credits through long-term contracts. BNDES, in turn, will offer financing to project developers, using credit lines such as the Climate Fund. Investments are estimated at over R$450 million.
It is worth remembering that in 2023, Petrobras had already announced its first purchase of carbon credits, generated from the preservation of 570 hectares of the Amazon rainforest. And it has generated some controversy regarding subsequent deforestation in the project area, land ownership, the basis for calculating credits and even a lack of contractual transparency.
Click here to read more about this new effort, in the company's own press release.
SCIENCE AND TECHNOLOGY
🌊 Unexpected sea level rise.
According to a recent report from NASA, global sea levels rose faster than expected in 2024. The difference is believed to be mainly due to thermal expansion, with ocean water expanding as it warms. According to a NASA-led analysis, the rate of rise last year was about 0.58 centimeters, compared with the expected rate of about 0.43 centimeters. Since satellite recording of sea levels began in 1993, the annual rate of rise has more than doubled.
In total, global sea levels have risen about 10 centimeters since 1993, equivalent to the width of a modern smartphone, the length of an average pen, or even the height of a small glass of water. The study also highlights the importance of this type of monitoring.
Read the full article here.
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