CWNYC24: No such thing as international offset in biodiversity credit space, IAPB’s co-chair says
A co-chair of the influential International Advisory Panel on Biodiversity Credits (IAPB) has ruled out the possibility of using biodiversity credits as an international offsetting mechanism during an event at the Climate Week NYC, in a bid to quell persistent concerns.
Read MoreCWNYC24: Growing gap between primary and secondary VCM market -panel
There is a growing gap between prices in voluntary carbon’s primary and secondary markets, while liquidity is also moving to the former, a panel heard at Climate Week NYC.
Read MoreCWNYC24: Cautious optimism from carbon removal buyers as market hopes for “second wave” of purchases
Carbon removal credit suppliers’ increased ambition was met with tempered buying expectations at Climate Week NYC this week, as the market looks forward to a “second wave” of credit purchases.
Read MoreCWNYC24: Airlines eying new Costa Rican ART TREES credits -source
Airlines are expressing interest in NGO-brokered Costa Rican ART TREES-certified carbon credits, Carbon Pulse heard from a well-placed source at Climate Week NYC, potentially signalling new supply under the UN CORSIA international aviation offsetting scheme.
Read MoreCWNYC24: BRIEFING – Social impact upstages mitigation in New York for ‘VCM 2.0’
Socioeconomic benefits of the voluntary carbon market (VCM) took centre stage in panels at this year’s Climate Week NYC, at times edging out mitigation, as VCM advocates seek to restore the industry’s reputation nearly two years after a series of integrity scandals debilitated the market.
Read MoreCWNYC24: “Good riddance” to buyers who won’t pay for integrity, says tech giant
Voluntary carbon market (VCM) stakeholders should welcome the retreat of buyers who will not pay a premium for high-integrity credits, a large tech buyer said at Climate Week NYC on Thursday.
Read MoreCWNYC24: African govt alliance forged to generate ITMO credits from large carbon reforestation project
Eleven African countries have forged a new alliance to generate ITMO credits from a large reforestation and conservation carbon project.
Read MoreCWNYC24: US CFTC’s voluntary carbon market guidance aims to level the playing field -chair
The US Commodities Futures Trading Commission (CFTC) sought to embed some of the private sector’s principles and standardisation for the voluntary carbon market (VCM) into its newly released guidance for trading carbon credit derivative contracts, the commission’s chair said in New York on Wednesday.
Read MoreCWNYC24: Experts divided over the role of additionality in biodiversity markets
Early players in the biodiversity market disagree over the role of additionality, with some saying it should be “dead and buried”, while others see it as a fundamental principle to attract funding.
Read MoreCWNYC24: Peru submits ‘Indigenous J-REDD’ concept note to ART standard
The Secretariat of the ART carbon credit standard has accepted a concept note for an Indigenous Jurisdictional REDD (J-REDD) programme from Peru’s environment ministry at a ceremony during Climate Week NYC on Wednesday.
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