SBTi has no plans to validate voluntary carbon credit use towards corporate emissions targets
The Science Based Targets initiative (SBTi) will not bow to pressure and validate the use of voluntary carbon credits to help a company achieve its emission targets, the body confirmed to Carbon Pulse Tuesday.
Read MoreNovel New Zealand concrete decarbonising start-up raises $4 mln in oversubscribed seed funding round
A New Zealand start-up focussing on decarbonising concrete has secured NZ$6.5 million ($4mln) in seed funding that will go towards scaling up its business, it announced.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreWater overlooked in voluntary sector but market potential tops 1.6 bln carbon credits a year, finds report
The total global potential for voluntary carbon credits generated from water-related projects could top 1.6 billion tonnes of CO2 a year, but the sector has been overlooked by project developers and investors, partly because of a lack of methodologies, finds a new report.
Read MoreNZ Market: NZU price recovers following partially-cleared auction
The NZU price has rallied following Wednesday’s rout in the wake of the partially cleared auction, as the government said it was progressing restrictions on the classes of land that can enter the ETS.
Read MoreUPDATE – NZ auction partially clears, spot NZU price falls 24%
The first New Zealand ETS auction for 2024 has partially cleared, with 2.974 million NZUs being sold, the first time the government-run auctions have sold units since Dec. 2022.
Read MoreLondon brokerage to expand into New Zealand carbon market via acquisition
A London-based brokerage will acquire a New Zealand energy and carbon firm to offer its international clients better access to the NZ ETS.
Read MoreVCM Report: Low price trade dominates voluntary carbon market as liquidity thins ahead of CCPs arrival
Over-the-counter trade seems to have slowed in the voluntary carbon market and retirement levels have fallen ahead of the much-anticipated announcement at the end of the month of the first methodologies that will qualify for the Core Carbon Principles (CCPs) stamp of high integrity.
Read MorePREVIEW: NZU market activity surges ahead of ETS auction, strong chance it will clear, participants say
The NZU market has seen a ramp up in activity over the last week in anticipation of Wednesday’s ETS auction, as participants expect it to clear.
Read MoreNZ minister walks back Significant Natural Areas announcement after deemed unlawful
Just one day after it announced local councils would no longer have to comply with Significant Natural Areas (SNAs) considerations, the New Zealand government has had to retract its announcement after realising it would be unlawful to do so.
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