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COMMENT: Disagreements and debates at COP27 fail to deter the market

Published 20:23 on November 24, 2022  /  Last updated at 21:04 on November 24, 2022  /  Bavardage, International, Kyoto Mechanisms, Paris Article 6, Voluntary  /  No Comments

Hopes weren’t particularly high that this would be a blockbuster COP. Glasgow had done the hard yards of finalising the overarching rules on carbon markets, and even the Egyptian hosts were billing this as the “implementation COP”. But the markets seemed to come away full of optimism, writes Alessandro Vitelli.

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COP27: Bahamas targets 9 Mt in blue carbon sales by 2030, to seek new route to market after FTX collapse

Published 16:52 on November 15, 2022  /  Last updated at 21:08 on November 15, 2022  /  Americas, Climate Talks, International, Nature-based, South & Central, US, Voluntary  /  No Comments

The Bahamas could sell up to 9 million blue carbon credits by 2030, but the country’s route to market will need to change as it has previously planned to sell units on now-collapsed cryptocurrency exchange FTX.

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Securities regulators launch dual consultations into compliance, voluntary carbon markets

Published 22:55 on November 9, 2022  /  Last updated at 00:03 on November 10, 2022  /  Americas, Asia Pacific, EMEA, EU ETS, International, Nature-based, New Zealand, Paris Article 6, South Korea, Switzerland, UK ETS, US, Voluntary  /  No Comments

A global group of securities regulators has launched dual consultations into compliance and voluntary carbon markets, seeking feedback on the role of financial watchdogs can play in increasing the resilience of these schemes while also leveraging the experience gained from wider financial markets.

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VCM Report: Nearby N-GEO futures crash below $6

Published 17:37 on November 7, 2022  /  Last updated at 22:11 on November 7, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Standardised offset prices slipped sharply at the end of the week, particularly for nature-based offsets, as the expected feelgood factor from COP27 summit in Egypt failed to materialise, although sources noted some over-the-counter sellers were turning bullish.

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CARBON FORWARD 2022: FEATURE – Where are the buyers? Missing demand for voluntary offsets befuddles market stakeholders

Published 02:55 on October 15, 2022  /  Last updated at 12:10 on October 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Conversations around missing demand echoed in the hallways of London’s Royal Institution on Friday, the final day of this year’s Carbon Forward conference, where navel-gazing voluntary carbon market participants opined over the myriad of possible reasons, which included a souring global economy, the increased reputational risk linked to using offsets, and confusion and frustration over a reforming process meant to make the market less confusing and frustrating.

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US senators urge CFTC to pursue strong oversight of voluntary carbon market

Published 20:50 on October 14, 2022  /  Last updated at 20:54 on October 14, 2022  /  Americas, International, Nature-based, US, Voluntary  /  No Comments

A group of progressive US senators on Thursday called on the US Commodity and Futures Trading Commission (CFTC) to implement strong accountability, robust standards, and rules governing the voluntary carbon market, as well as to investigate current VER futures contracts.

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World Bank to launch carbon credit metadata layer in December, names interim secretary

Published 17:26 on October 12, 2022  /  Last updated at 22:42 on October 12, 2022  /  Aviation/CORSIA, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

The World Bank, in partnership with the government of Singapore and the International Emissions Trading Association (IETA), will launch a decentralised metadata layer for operational use in December that will enable end-to-end offset data sharing and transparency for carbon markets. 

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Shaken VCM Integrity Council should be wake up call to US regulators -researchers

Published 18:28 on October 11, 2022  /  Last updated at 10:00 on October 12, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Given a scathing review of the Integrity Council for the Voluntary Carbon Market’s (IC-VCM) core carbon principles and assessment framework from the market’s biggest actor, the US government needs to step in with safeguards against poor quality credits, a research group argued.

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Australia opens below baseline crediting consultation, int’l credits ruled out for now

Published 04:20 on October 10, 2022  /  Last updated at 04:41 on October 10, 2022  /  Asia Pacific, Australia, International, Paris Article 6, Voluntary  /  No Comments

The Australian government has opened consultation on draft legislation needed to create Safeguard Mechanism Credits (SMCs), which will be rewarded to industrial facilities that stay below their emissions baselines.

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CORRECTION – US regulator should investigate CME’s carbon futures contracts, says think-tank

Published 19:39 on October 7, 2022  /  Last updated at 14:54 on October 10, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Middle East, Nature-based, South Korea, US, Voluntary  /  1 Comment

The Commodity Futures Trading Commission (CFTC) should investigate the “self-certification of the GEO and the N-GEO futures contracts by the CME Group last year,” and use its mandate to oversee the ‘flawed’ voluntary carbon market (VCM) where fraud may be widespread, a think-tank stated on Friday.

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