VCM Report: VER issuances, retirements end year 65-70% higher over 2020 levels
Issuances and retirements of voluntary emissions reductions (VERs) skyrocketed over the course of 2021 from the four main carbon credit registries, as escalating demand in the voluntary carbon market (VCM) drove offset prices to continuous new records that held mostly steady over the holiday break.
Read MoreEU prepares for some gas and nuclear investments to be labelled as green
The European Commission is sticking to its long-touted plan to enable some gas and nuclear power investments to be classified as sustainable, according to proposals it circulated among member states over the last week that have prompted anger from environmentalists.
Read MoreSingapore platform eyes H2 2022 launch of standardised VER contracts -media
Singapore-based carbon platform Climate Impact X (CIX) expects to launch trade in standardised voluntary offset contracts in H2 2022, Platts reported on Wednesday citing CEO Mikkel Larsen, at least six months later than originally planned.
Read MoreNetherlands to impose coal power limits from next year
The Netherlands government has set operating limits on its remaining coal power plants for the next three years in a bid meet its emissions goals.
Read MorePerspectives, South Pole plan second venture for new carbon credit blueprints
Consultancy Perspectives and integrated carbon services firm South Pole plan to develop methodologies to enable green hydrogen projects to generate carbon credits, their second collaboration aimed at using international carbon markets to help deploy large-scale clean energy technologies worldwide.
Read MoreRussia seeks recognition for its carbon pricing plans -media
Russia wants to make sure that the carbon pricing system it’s developing is recognised by the EU and other major trading partners, Bloomberg reported on Tuesday, citing Deputy Finance Minister Alexei Sazanov.
Read MoreVCM Report: VERs extend year-end slump as some sellers give in
Voluntary emissions reduction (VER) prices slipped in most standardised categories this week as a limited amount of sellers accepted lower levels while many participants eyed a new year recovery.
Read MoreSwitzerland tries again on climate policy after voter rejection
Switzerland set out new climate proposals on Friday, upping its reliance on international credits and dropping flight and car fuel levies after its original plans were rejected this summer in a controversial referendum.
Read MoreUS firm plans to launch offset-based ETF
A US-based provider of specialised exchange-traded products intends to launch an ETF tracking carbon offset futures, according to regulatory filings on Wednesday.
Read MoreNetherlands coalition pact seeks to raise CO2 tax, eyes industry deals
A coalition agreement struck by political groups in the Netherlands this week seeks to raise the nation’s carbon tax for EU ETS-covered sectors and to strike bespoke deals with the country’s big-emitting industrial firms.
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