Blockchain venture rolls out funding pool to help finance mangrove projects
A blockchain-based venture has unveiled its first liquidity pool to help boost the sale of ‘forward’ carbon credits for mangrove restoration projects.
Read MoreVCM Report: Standard prices continue to slip lower, while fresh vintage OTC values steady
Standardised carbon credit prices continued to slip further below $2 over the past week, extending a long trend, while well-known projects were confined to pockets of higher-priced sales of fresh vintages.
Read MoreUS plans to launch carbon removals purchasing programme by year-end, as senators push reverse auction mechanism
US President Joe Biden’s administration aims to expand its support for carbon removals beyond direct air capture by launching a purchasing programme covering all forms of removals by year-end, a government official told a conference this week, as a bipartisan group of senators on Friday released a bill to support such solutions through a reverse auction.
Read MoreUS startup unveils plans for carbon removals forward-crediting platform
A California-based climate technology firm announced the world’s first blockchain-based forward-crediting platform for durable carbon removals, joining ongoing efforts to help scale the nascent industry.
Read MoreCEZ joins other EU utilities in posting Q1 drop in thermal power output
Czech state-controlled power generator CEZ became the latest EU utility to report lower Q1 ETS-covered output on Thursday, lowering demand for carbon allowances, as a slew of firms reported earnings.
Read MoreGerman minister unveils plans to support heavy industry, faces battle for approval
The German economy and climate ministry unveiled plans to subsidise power prices for ETS-covered heavy industries on Friday, though the idea faces a battle for approval in the country’s coalition government as the finance ministry said funds were lacking.
Read MoreRatings firm downgrades scores of two African forestry projects, upholds another
A carbon credit ratings agency has downgraded two Verra-certified African afforestation projects while upholding the score of another.
Read MoreVerra suspends African cookstove, mangrove projects
Carbon standard manager Verra has suspended a major cookstove project and two mangrove restoration projects over the past week, preventing the schemes from being issued with carbon credits.
Read MoreEU nations agree to force companies to say more about their carbon credit use
EU nations this week agreed a united line to require companies to reveal more about their climate goals to consumers, but stopped short of lawmaker efforts to also ban the use of carbon credits for such claims altogether.
Read MoreRatings agency downgrades several projects to rock-bottom scores
A carbon credit ratings agency downgraded its scores for seven carbon projects on Thursday, including a large REDD scheme in Cambodia that at one stage had been deemed as a highly-ranked activity by the company.
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