VCM REPORT: CORSIA futures rebound above $10/t as market awaits crunch EU decision
Benchmark ICE CORSIA Phase 1 futures rebounded above $10 per tonne last week as sources noted the slump down from nearly $20/t since the end of last year may not be as bad as some fear.
Read MoreINTERVIEW: UK financial services firm âstructurally longâ on CORSIA, sees price rebound
A Londonâbased financial services platform has taken a âboldâ longâterm position on aviation compliance credits, with senior executives saying the firm is structurally long on CORSIAâeligible units and is leaving most of its exposure to future prices unhedged.
Read MoreANALYSIS: CDM projects face uncertain future after transition failure, seek new homes
Hundreds of carbon projects left outside the Paris Agreementâs new crediting mechanism face an uncertain future, with developers weighing a patchwork of options ranging from voluntary markets and domestic compliance schemes to simply shutting down ageing programmes.
Read MoreINTERVIEW: Indian developer turns to birdsong to win over buyers
An Indian carbon project developer is deploying bioacoustic monitoring across its agroforestry projects, betting that hard data on biodiversity can convince cautious corporate buyers to enter the voluntary carbon market.
Read MoreSK Market: KAU auction sells full volume as price retreats
South Korea’s environment ministry sold all 2.83 million KAU-25 permits on offer at its latest auction at a clearing price of KRW 25,400 ($16.75) each, according to data from the Korea Exchange (KRX).
Read MoreIndonesiaâs new registry clears voluntary carbon exports without authorisation
Indonesia has issued new rules allowing some carbon credits to be traded overseas without government authorisation or corresponding adjustments, while setting out a framework for international standards to operate within the countryâs revamped registry system due to be launched later this week.
Read MoreCorporate buyers commit to 635k carbon removals from Indonesia restoration project
Two major corporate buyers have agreed to purchase more than 635,000 carbon removals over 10 years from an agroforestry project seeking to restore 6,000 hectares of degraded land in Indonesiaâs Sulawesi, the project developer said.
Read MoreLoss and damage funding gap exposes climate finance tensions ahead of Manila meeting
Underfunding of the Loss and Damage fund risks bleeding into broader UN climate negotiations, hardening developing countries’ reluctance to raise mitigation ambition without matching finance, experts warned ahead of a critical meeting this week.
Read MoreAirline retires second tranche of CORSIA credits, taking total to 250k
An Asian airline has retired another 100,000 carbon credits to meet its obligations under the aviation sectorâs international offsetting programme, taking its recent total to 250,000 tonnes after the second tranche.
Read MoreVCM REPORT: CORSIA edges back to $10/t ahead of EU assessment, analysts revise down demand outlook
Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission’s assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.
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