VCM Report: Prices edge lower despite surge in open interest in GEO futures
VER prices edged lower in thin liquidity this week, continuing to bump along at the bottom of a bear market despite bullish signals from a surge in activity in CORSIA-based futures, the signing of a huge jurisdictional REDD contract, and more countries talking about using VERs in compliance markets.
Read MoreVCM Report: Value of trades falls sharply amid bargain-hunting
Prompt carbon credit prices edged lower over the past week, but the slight moves masked a much heavier bearish step identified by data aggregator AlliedOffsets, which flagged a slide in transactional value that likely reflects bargain hunting at the expense of fresher and more expensive vintages.
Read MoreVCM Report: Slight uptick in N-GEO activity a bright spot in moribund market
The rise in open interest in the N-GEO future and a slight uptick in the spot N-GEO proved the bright spots for a voluntary carbon market that remained stuck in the doldrums last week amid a lack of year-end mitigation demand.
Read MoreANALYSIS – COP27: UN lays down marker for the future of the voluntary carbon market
Negotiations on a new UN carbon crediting mechanism took only limited steps at COP27 climate talks in Sharm el-Sheikh this month, but some believe the process is providing a clear signal to the shape of the current voluntary carbon market (VCM) that will be hard to ignore.
Read MoreCOP27: Reactions to the Sharm el-Sheikh Implementation Plan and a snapshot of key announcements
Here are selected expert reactions to the Sharm el-Sheikh Implementation Plan, which was concluded at the UN COP27 summit early on Sunday, along with a snapshot of key announcements made at the two-week event.
Read MoreCOP27: UN negotiators agree on climate loss and damage facility as talks run long due to energy row
UN climate talks closed early Sunday morning with an agreement to establish a loss and damage fund for vulnerable countries, but negotiators failed to agree a peak year for emissions or extend a global coal phasedown to all fossil fuels.
Read MoreCOP27: Negotiators sign off text on UN carbon market rules that defers much to next year
Government officials adopted text on UN carbon markets on Saturday afternoon and the documents were subsequently adopted by the full COP27 in Sharm el-Sheikh, with negotiators deferring many battles until next year.
Read MoreCOP27: Japan, PNG seal deal on carbon credit cooperation under JCM
Papua New Guinea has become the 25th country to agree to a bilateral framework with Japan for developing projects that will generate Paris-aligned carbon credits.
Read MoreCOP27: Roundup for Day 13-14 – Nov. 19-20
It’s Saturday – overtime – of week two at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up some of today’s developments and announcements from the summit. Timestamps in local time (EEST, GMT+2).
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