EU green claims directive having ‘chilling effect’ on voluntary carbon market
The EU’s green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.
Read MoreDirect air capture developer launches portfolio service including other carbon removals
A direct air capture (DAC) company is expanding its remit to enable clients to purchase a range of different voluntary carbon removal credits, including from nature-based projects, as part of a portfolio service designed to complement its technology development provision.
Read MoreINTERVIEW: Market-moving deals in the voluntary carbon market seek insurance
A recent entrant to the carbon insurance market is looking to meet demand from potentially “very big investments” in projects that would meaningfully move the market, but may need to corral capital from fellow insurers to support it.
Read MorePanelists agree on need for more US federal regulation of VCM, but split on extent
A panel of experts agreed on the need for increased federal regulation of the relatively young voluntary carbon market (VCM), but expressed different views on how and to what extent US authorities should tackle the VCM, in a webinar Thursday.
Read MoreIndigenous advocacy group urges US climate envoy to resist Article 6 development
A US-based Indigenous advocacy group sent a letter this week to US special climate envoy John Podesta urging him to oppose the development of Paris Agreement carbon markets, as communities worldwide debate their merits.
Read MoreUS market watchdog to soon finalise voluntary carbon credit trading guidelines
The US Commodity Futures Trading Commission (CFTC) is targetting this summer for a final version of its voluntary carbon guidelines, encouraging the public to report instances of fraud and manipulation as part of the agency’s efforts to support market credibility.
Read MoreInsurer launches product to cover both physical and political risks of buying carbon credits
An insurance provider is entering the carbon insurance market with the launch of a new product to cover both the physical and political risks of buying voluntary carbon credits on a forward basis.
Read MoreNGO launches hub for nature-based solutions to help children amid climate crisis
An international NGO launched a nature-based solutions hub on Wednesday, seeking to leverage the voluntary carbon market (VCM) to fund community-based projects for children and the climate.
Read MoreANALYSIS: UK draft property bill to invite legal clarity for UKA, voluntary credit disputes
Legislation drafted by an independent advisory body at the behest of the British government could lead to revised property rights for holders of UK Allowances and voluntary carbon credits.
Read MoreUS market watchdog challenged regarding extent of regulation over voluntary carbon market
Dozens of green groups, think tanks, and industry associations submitted feedback in response to the US Commodity Futures Trading Commission (CFTC)’s guidelines on voluntary carbon credit trading, of which commentators varied in degrees to which the CFTC can establish standards regarding underlying carbon credits in derivatives contracts.
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