UPDATE – Integrity Council pushes back timelines on guidance to ensure...
The private-sector-led Integrity Council for the Voluntary Carbon Market (IC-VCM) firmed up its timelines on Wednesday for the long-awaited release of its new standards that it hopes will set a...
View ArticleTradable units offer route to ramp up CCS worldwide -report
International emissions trade could be used to incentivise the capture and removal of billions of tonnes of CO2, according to research commissioned by oil firms this week that set out how heavy...
View ArticleExperts pay tribute after senior carbon markets negotiator dies
Tributes are pouring in for one of the developing world’s foremost climate negotiators, who died this week just days after advancing efforts to improve the environmental integrity of the voluntary...
View ArticleVCM Report: Nature-based carbon credits consolidate losses amid uncertain market
Prices for exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to trade with volatility over the last week as nature-based credits suffered marginal week-on-week (WoW)...
View ArticleWith Article 6 rules agreed, experts stew over how emissions trade will work
Four months on from a UN emissions trade deal, governments remain puzzled over how host countries should authorise international transfers and many other practicalities, a virtual meeting heard this week.
View ArticleNatural Capital Partners, ClimateCare announce rebranding, set 2030 goal
Voluntary carbon offset providers Natural Capital Partners and ClimateCare on Wednesday announced a rebranding as Climate Impact Partners, cementing their merger and setting a 2030 emissions goal.
View ArticleTotalEnergies confirms role for nature-based credits in near-term climate plans
French oil major TotalEnergies intends to source 100 million nature-based carbon credits by 2030 as part of its plans to offset its Scope 1 and 2 residual emissions, the company said Thursday.
View ArticleC-Quest Capital secures funding to scale up cookstove portfolio in Africa
US-based offset developer C-Quest Capital (CQC) has secured investment from an oil major and a global bank to scale up a cookstove project in Sub-Saharan Africa that it expects to generate 200 million...
View ArticleCOMMENT: IETA Council Task Group on digital climate markets – Key findings...
The International Emissions Trading Association will set up a Task Force to produce guidelines for the development of digital technologies for the carbon offset industry, including tokenised carbon...
View ArticleVCM Report: VERs continue consolidation and edge sideways during quiet week
Prices for exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to consolidate over the last week as carbon credits across the board struggled to find clear direction...
View ArticleClaim game: The battle to convince companies about a life beyond offsetting
Companies have been slow to commit to climate action that doesn't involve claims on the resulting abatement, a panel heard on Monday, despite rapid growth in corporate commitments and a drive to...
View ArticleJapan lines up multiple new potential partner nations for carbon offset scheme
Japan is in talks with several countries to join its Joint Crediting Mechanism (JCM), as the government seeks to scale up the generation of carbon credits.
View ArticleBetter net zero alignment is driving record ETS prices and revenues -study
Emissions trading systems (ETS) worldwide have begun to align their emissions ambitions with net zero targets, boosting allowance prices and more than doubling government revenue in 2021, a research...
View ArticleVitol’s global carbon sales jump by a third amid UK, voluntary scale-up
Commodity trading house Vitol reported a 34% year-on-year increase in its carbon sales for 2021, it said in a report published this week.
View ArticleCOMMENT: Response to IETA Council Task Group on digital climate markets
As the largest player in this nascent space, we feel it is necessary to respond to some of the concerns communicated by the IETA task group on digital markets, as well as highlight important areas of...
View ArticleAustralia, IUCN funding vehicle issues call for blue carbon project proposals
A funding vehicle backed by the Australian government and conservation group IUCN is calling for funding proposals for blue carbon offset projects in developing nations.
View ArticleGlobal power sector emissions hit record level in 2021 in turn back to coal
Global emissions from the power sector rebounded to reach record levels in 2021 as the world returned to coal-fired generation amid soaring post-pandemic demand that outpaced wind and solarpower...
View ArticleVerra sets out major revamp of REDD project designs
Project standard manager Verra is seeking a major revamp to its VCS forest protection projects by streamlining data collection requirements, the body said on Wednesday in a move that could have varied...
View ArticleUN chief launches expert group to help limit greenwashing in net zero pledges
UN Secretary General Antonio Guterres launched a high-level expert group aimed at dissecting net zero commitments from non-state actors on Thursday, citing the need for greater transparency and...
View ArticleMENA regional VCM viewed as a distant prospect despite momentum
A Middle East and North Africa (MENA) voluntary carbon market is several years away from gaining traction despite burgeoning interest and a string of net zero pledges by countries and corporates,...
View Article
