BRIEFING: Confidence in VCM increases, but challenges remain in attracting buyers
Participants in the voluntary carbon market (VCM) are increasingly confident that integrity issues plaguing the sector are being solved, but challenges remain around attracting buyers, speakers said at an industry conference this week.
Read MoreEU-Mercosur deal pushed forward as “necessity” despite environment concerns
The European Union and the Mercosur group of South American countries concluded a long-awaited trade deal on Friday, calling it a “political necessity” and “historic milestone” despite environmental concerns and opposition from seven EU countries, including France.
Read MoreUPDATE – RGGI Q4 auction clears more than $2 below secondary market, mild spec involvement
The last RGGI cap-and-trade auction of 2024 cleared at a $2.35 discount to RGGI Allowances (RGAs) in the secondary market the day before the sale, and at the low end of market expectations for a discounted settlement, with limited participation from financial entities, according to results published Friday.
Read MoreBullish momentum building in voluntary carbon market for 2025 -analysts
Next year could be a turning point for the beleaguered voluntary carbon market because the underlying fundamentals have stayed robust, particularly the rising number of companies setting SBTi climate targets, despite a tough year, according to analysts in a new report.
Read MoreWind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says
Shipowners can cut compliance costs under the EU’s new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer.
Read MoreSwiss NDC target ‘insufficient’, lacks transparency on carbon offsets -report
Switzerland’s Nationally Determined Contribution (NDC) and overall climate targets, policies and finance have been rated as “insufficient” in a new analysis released on Thursday.
Read MoreShell signs SAF offtake agreement with ADB-funded project in Pakistan
British oil major Shell has signed a contract with Pakistan-based sustainable aviation fuel (SAF) producer for long-term offtake of SAF, once the proposed plant funded by the Asian Development Bank (ADB) gets completed.
Read MoreGold Standard to charge $0.25 per credit issued, $0.20 for least developed countries
Gold Standard has updated its fee structure for registry accounts and certification processes, with two different pricing options for issuing credits, the standard body announced on Friday.
Read MoreG20 nations’ fossil production could blow global carbon budget, study says
The world may not keep warming to less than 2C over pre-industrial levels based on the petroleum reserves of members of the G20, a report cautioned Friday.
Read MoreEuro Markets: EUAs rebound in late rally as market awaits options expiry
European carbon prices struggled for direction for much of Friday, with participants said to be anticipating options expiry next week, before a late rally saw the benchmark reclaim nearly all of the value it had lost this week during a string of gas-driven bearish sessions.
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