Auditors validate blueprint for permanent carbon removals
A major auditor has validated a methodology for permanent carbon removal through direct air capture (DAC) and underground mineralisation storage, paving the way for using carbon finance to scale up the nascent and costly technology.
Read MoreRatings firm gives moderate grades to two offset projects, reaffirms another
A carbon credit rating agency has awarded moderate gradings to two projects over the past week, while reaffirming the ratings of one of the nine projects it put ‘on watch’ last month.
Read MoreCanadian biochar developer strikes offtake deal
A Canada-based consumer offset retailer has struck a deal with a biomass waste conversion company in the country to source its carbon removals credits for sale to individuals seeking to address their carbon footprint.
Read MoreExperts map out road to net zero for ‘laggard’ chemical sector
The chemicals industry must dramatically transform operations to avoid 4C of global warming, according to a study published on Tuesday that maps out a Paris Agreement-aligned route for the sector whereby it could earn $55 bln in carbon credits a year by 2050 by sequestering its emissions.
Read MoreCarbon market veterans launch nature-based developer for Southeast Asia
Two experienced carbon offset company founders have formed a new venture that aims to launch seven nature-based projects within the next five years in Southeast Asia.
Read MoreVCM Report: Offset prices slip lower to erase August gains
Offset prices slipped lower over the past week, wiping out August’s gains, and eroding hopes the voluntary carbon market was escaping the clutches of the inflation-induced global economic slowdown.
Read MoreUK to make tweaks to carbon market rules ahead of 2023
The UK government plans to make minor changes to the country’s carbon market ahead of 2023 in a response to a wide-ranging consultation, the UK ETS authority said on Wednesday in changes that include adding Swiss-bound flights.
Read MoreVCM Report: Rally in nature-based offsets widens spread above renewable and technology credits
Standardised nature-based offsets rallied over the past week last week to extend a recent trend and catch up with over-the-counter trades, but there was little uplift in renewable or technology credit prices.
Read MoreRatings firm puts nine forest carbon projects on watch for potential ratings change
A carbon credit rating agency put nine projects ‘on watch’ for a potential change in their gradings on Friday, identifying several ACR-certified US activities and Cambodian REDD projects.
Read MoreCentral American forestry project gets lowest rating in firm’s latest update
A carbon credit rating agency has given a Verra-certified agroforestry project its lowest possible grading in its latest update.
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