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World needs much higher carbon prices to meet 2C target, say renowned economists

Published 14:03 on May 29, 2017  /  Last updated at 15:03 on May 29, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, EMEA, EU ETS, International, South Korea, US  /  No Comments

The world needs carbon prices of at least around $40-80/tonne in 2020 and $50-100 in 2030 to keep global temperatures from rising above 2 degrees C, according to a report led by two renowned economists and backed by the World Bank’s Carbon Pricing Leadership Coalition (CPLC).

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Voluntary carbon market data from CTX for May 26, 2017

Published 16:30 on May 26, 2017  /  Last updated at 16:30 on May 26, 2017  /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Mexico, Middle East, Other APAC, South & Central, US, Voluntary Market  /  No Comments

A table of Verified Emission Reduction (VER) prices and offered volumes, based on voluntary market data provided by CTX.

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Green Climate Fund invites private sector pitches for $500 mln in climate finance

Published 10:13 on May 25, 2017  /  Last updated at 13:59 on May 25, 2017  /  Africa, Americas, Asia Pacific, International, Other APAC  /  No Comments

The Green Climate Fund has launched a request for project proposals worldwide from private sector firms to cut carbon emissions or improve climate resilience in developing countries, offering a total $500 million in co-funding.

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Lawyer up: More lawsuits being filed against governments for climate inaction

Published 22:39 on May 23, 2017  /  Last updated at 00:25 on May 25, 2017  /  Africa, Americas, Asia Pacific, Bavardage, Climate Talks, EMEA, International, New Zealand, Other APAC, US  /  No Comments

Lawsuits seeking to hold governments to account for their climate-related commitments are on the rise, with over 650 filed in the US alone – almost three times the number recorded in the rest of the world.

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Value of world’s carbon pricing schemes edges up year-on-year while govt revenues drop -report

Published 18:10 on May 23, 2017  /  Last updated at 01:24 on May 24, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The combined value of the world’s carbon markets and CO2 tax regimes rose by 7% in 2017, with eight new pricing initiatives helping to nearly double the total number over the past five years, but government revenues have dropped by some 15%, according to a new report published Tuesday.

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After the money dries up, CDM project discontinuation risks vary drastically -study

Published 23:31 on May 22, 2017  /  Last updated at 12:53 on May 23, 2017  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, South Korea, Voluntary Market  /  No Comments

Some CDM project types face considerably higher risks than others of being discontinued due to the disappearance of carbon offset revenues, a new study shows, threatening to raise CO2 emissions by roughly a billion tonnes in the developing world if the facilities are dismantled.

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Voluntary carbon market data from CTX for May 19, 2017

Published 09:37 on May 19, 2017  /  Last updated at 09:37 on May 19, 2017  /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Mexico, Middle East, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Carbon Trade eXchange (CTX) is delighted to be a Gold Member at this year’s Innovate4Climate conference in Barcelona alongside parent company Global Environmental Markets (GEM). Read about CTX’s key appearances at the event.

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UN climate negotiators plough on as US withdrawal prospect overshadows details

Published 20:58 on May 18, 2017  /  Last updated at 00:16 on May 19, 2017  /  Africa, Americas, Asia Pacific, Canada, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, US  /  No Comments

The UN’s intersessional climate talks wrapped up on Thursday after making incremental progress on a Paris Agreement rulebook, with observers drawing hope from emerging details of efforts by major economies to counter the impact of a potential US withdrawal from the process.

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ALLCOT’s Voluntary Carbon Market Report – May 2017

Published 10:44 on May 18, 2017  /  Last updated at 16:54 on June 16, 2017  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, US, Views, Voluntary Market  /  No Comments

In this month’s issue, ALLCOT looks at a reported rise in demand for CP1 CERs and what it means for VERs, plus they examine a new policy brief from The Gold Standard that suggests the development of NDCs risks marginalising carbon offsetting.

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Voluntary carbon market data from CTX for May 12, 2017

Published 15:30 on May 12, 2017  /  Last updated at 15:30 on May 12, 2017  /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Mexico, Middle East, Other APAC, South & Central, US, Voluntary Market  /  No Comments

A table of Verified Emission Reduction (VER) prices and offered volumes, based on voluntary market data provided by Carbon Trade Exchange (CTX).

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