Carbon credit prices should reflect host country investment needs, not just market rates -official
Carbon market buyers must appreciate the price of climate progress in developing countries and fund projects in line with their investment needs, not necessarily according to market rates, according to a government official speaking on an OECD webinar Thursday.
Read MoreSBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.
Read MoreSwitzerland violates women’s human rights by failing to tackle climate change, European court rules
Switzerland’s failure to reduce greenhouse gas emissions violates its obligations under the European Convention on Human Rights (ECHR), the Strasbourg’s Grand Chamber ruled on Tuesday in a landmark decision.
Read MoreMajor DAC developer’s top policy officer named new CEO of carbon removals non-profit
The chief climate policy officer of a direct air capture (DAC) technology developer based in Switzerland is moving on to become the CEO of an EU-based carbon removals (CDR) non-profit.
Read MoreEU ETS verified emissions drop by more than expected in 2023, preliminary data shows
Verified emissions under the EU ETS dropped by at least 15% in 2023, according to the European Commission and four analysis firms’ calculations, with a huge fall in power generator CO2 output driving the larger-than-expected decline.
Read MoreGlut of surplus voluntary carbon credits from big four standards hits almost 800 mln
The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 800 million credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.
Read MoreVCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreWatching the watchdogs: Voluntary carbon market consortium launches oversight body to police regulators, raters
A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation to police efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).
Read MoreFEATURE: First deliverables from voluntary carbon market standards’ collaboration coming in Q3, but bigger challenges lay ahead
The first deliverables from a collaboration between some of the world’s largest voluntary carbon market (VCM) standards are expected to arrive in Q3 this year, and “more complicated pieces” to come in 2025, but the alliance faces larger challenges – some existential – on the road ahead.
Read MorePOLL: EU ETS emissions seen down a record 14% in 2023
Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.
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