Events Seminar on NDC Update On October 15-17, 2024, the Ministry of Environment of the Republic of Moldova, in collaboration with the NDC Partnership and GIZ Moldova, organized a seminar on updating the Nationally Determined Contribution (NDC). By the first quarter of 2025, a new contribution must be developed and submitted to the UNFCCC. Roundtable…
Regenerative finance (ReFi) is based on the concept of regenerative economics, introduced by John Fullerton in his work “Regenerative Capitalism.” Unlike sustainable development, which focuses on maintaining existing systems, regenerative economics emphasizes the restoration and renewal of natural resources, going beyond mere preservation. ReFi combines the principles of regeneration with decentralized finance (DeFi), where blockchain…
Overview of the Open Forest Protocol (OFP) As of September 16, 2024, more than 190 projects have been successfully registered under the Open Forest Protocol (OFP). Operating on a global scale, OFP spans six continents, offering a unique platform where project registration and verification are completely free of charge. Eligibility Criteria for Projects: Once eligibility…
Regulatory framework The Regulation on monitoring, reporting and verification of greenhouse gas emissions produced by marine transport has been approved On September 5, 2024, Moldova introduced new regulations aimed at monitoring, reporting, and verifying greenhouse gas (GHG) emissions from maritime transport. This comes as part of the country’s ongoing efforts to address climate change and…
Regulatory framework Regulations for monitoring, reporting and verification of greenhouse gas emissions The regulation establishes rules for monitoring, reporting and verification of greenhouse gas emissions. The main goal is to develop a system that will allow companies and institutions to track their emissions, submit relevant reports and undergo independent verification of data. This regulation aims…
Introduction to Carbon Border Adjustment Mechanism The European Union’s Carbon Border Adjustment Mechanism (CBAM) is a significant initiative aimed at reducing greenhouse gas emissions by 2030 and 2050 and addressing climate change in countries exporting to the EU. These countries can implement similar carbon taxes in their jurisdictions, allowing them to be partially or fully…
On May 16, 2024, the Framework Climate Action Law was published, establishing a regulatory basis for the Republic of Moldova to achieve climate neutrality by 2050. The law aims to meet the goals of the Paris Agreement in reducing global temperatures and adapting to climate change, applying a financial mechanism for carbon emission pricing and…
Finding liquidity to start climate projects can be a challenging and labor-intensive process, where DeFi for climate can offer significant assistance. Barriers of Traditional Financial Systems: Solutions Offered by DeFi for Climate: Learn more about liquidity provision methods for climate projects through DeFi for climate in the table below. If you are interested in DeFi…
Introduction to Carbon Tokens When tokenizing already issued carbon units, all information about them is transferred to the blockchain. Alternatively, carbon units can be issued by the standard directly in the form of carbon tokens. Carbon tokens can be transferred, sold, redeemed, or stored in a blockchain wallet. The functionality of carbon tokens depends on…
In the context of global climate changes, the Republic of Moldova is taking an important step by creating the National Climate Change Commission. The Commission was established based on Government Resolution No. 425 of June 12, 2024, in accordance with Law No. 74/2024 on Climate Actions. The National Climate Change Commission is a non-legal interdepartmental…
