VCM Report: VER price hike slows near record levels amid post-COP lull
Voluntary emissions reduction (VER) prices edged to new heights in some standardised contracts this week, while others slipped back amid subdued holiday-interrupted trade following the COP26 UN climate talks earlier in the month.
Read MoreANALYSIS: Switzerland touts model for international emissions trade, voluntary market
Switzerland sealed its fifth and sixth bilateral crediting agreements on the sidelines of the Glasgow UN climate talks this month, touting the deals as a model of Paris Agreement-era emissions trade for countries as well as for companies in the voluntary carbon market.
Read MoreGermany floats €60 CO2 price floor if Brussels fails to act
Germany’s newly-formed coalition government has provisionally agreed a deal to introduce conditional national measures to ensure the carbon price applied to its emitters under the EU ETS will not fall below €60 in the long term, according to a document published on Wednesday.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.
Read MorePortugal closes last coal power plant, becoming fourth coal-free EU nation
Portugal became the fourth EU nation to shut down its last remaining coal power plant over the weekend, with the Pego facility closing down on schedule amid record-high carbon prices.
Read MoreVerra seeks clarity on voluntary market use of Paris-adjusted units
Carbon standard manager Verra is seeking greater clarity on where corresponding adjustments may be appropriate for the voluntary carbon market, it said in a note on Thursday in the wake of a UN decision that may see host nations require such measures.
Read MoreBurial at sea: Europe’s industry queues up for North Sea CO2 storage
Europe’s industries are clamouring to use North Sea CO2 storage facilities, with more than half of carbon-cutting projects awarded public funding on Tuesday seeking to bury their emissions there.
Read MoreNations pledge to adjust voluntary units, not use pre-2020 offsets
A group of nations has vowed to take a stronger line on carbon credits than those agreed at the Glasgow COP26 UN climate talks, pledging not to use pre-2020 CDM credits and to apply corresponding adjustments to voluntary market units.
Read MoreCOP26: Reactions to the Glasgow Climate Pact and a summary of other major announcements
Here are selected expert reactions to the Glasgow Climate Pact, which was concluded at the UN COP26 summit late Saturday, as well as a summary of the major announcements made during the two-week talks.
Read MoreCOP26: UN talks compel nations to revise GHG pledges next year, shy away from coal exit
UN climate talks closed late Saturday by tasking nearly 200 nations to revise their emissions pledges within a year to “keep alive” the Paris Agreement’s 1.5C global warming goal, but the deal failed to commit to a faster coal phaseout.
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