Voluntary carbon demand plummets for fossil fuel shipments in Q1 -report
The oil and gas market shunned buying voluntary carbon credits to offset fossil fuel shipments in Q1 as fuel prices spiked in the lead up to the war in Ukraine, analysts said in a report published on Wednesday.
Read MoreANALYSIS: Counting the carbon costs of Verra’s shift to the short term
The world’s biggest carbon standard plans a drastic shift in how land-based offset projects calculate emissions savings, a move expected to quickly boost supply but that is dividing experts over its complexity and ability to secure climate benefits long into the future.
Read MoreSouth Pole eyes digitisation push after adding new minority investor
Offset developer and consultancy South Pole is seeking to leverage digital technologies to engage more corporates on climate action, the company said on Tuesday after adding another minority investor to its equity pool amid a rapid expansion.
Read MoreBluesource, Star Royalties announce scale-up in funding for ag sector VER programme
North American carbon credit developer Bluesource and precious metals and green royalty and streaming investment company Star Royalties have announced a fourfold expansion of their plans to generate millions of voluntary emissions reductions (VERs) from a regenerative agriculture programme.
Read MoreC-Quest Capital secures Dutch funding to ramp up African cookstove offset portfolio
Offset developer C-Quest Capital (CQC) has secured further investment to help scale its rollout of clean cookstoves across Sub-Saharan Africa, the company said on Monday.
Read MoreMicrosoft’s climate fund takes stake in African offset developer
US tech giant Microsoft’s climate innovation fund has made an equity investment in an Africa-based carbon credit developer, alongside a group of venture capital and family office investors.
Read MoreSweden becomes first nation to adopt consumption-based emissions goal
Sweden has become the first country in the world to adopt a target to reduce consumption-based emissions generated abroad, the government said on Thursday after a deal struck across political parties to include the goal along with international aviation and shipping.
Read MoreEuro Markets: EUAs boosted by strong auction amid mixed energy signals as Europe debates coal, gas bans
EUAs turned upwards after one of the strongest sales of the year early on Thursday, defying a largely weaker energy complex as Italy appeared to play down prospects of an EU ban on Russian gas and progress on a coal ban was delayed.
Read MoreEleven EU nations urge bloc to speed up climate action to help quit Russian fuels
EU nations should accelerate the passage of the Fit for 55 climate policy package and increase its ambition, eleven EU nations said in a statement on Thursday, adding that doing so would help end the bloc’s reliance on Russian energy.
Read MoreEuropean Parliament backs extension of strengthened MSR
The full European Parliament voted to approve an extension of the withdrawal rate of the EU carbon market’s supply-curbing MSR on Tuesday, an early indication of lawmaker resolve on climate ambition in the face of the Ukraine war and sky-high energy prices.
Read More