First fund announced to use London Stock Exchange’s VCM framework
The first voluntary carbon market designation from the London Stock Exchange Group (LSEG) was announced on Monday, with the company touting transparency and credibility markers to help carbon projects scale.
Read MoreVCM Integrity Council appoints Indigenous, other members
The Integrity Council for the voluntary carbon market (ICVCM) announced the appointment of three new members to its governing board on Thursday, including two Indigenous Peoples members, fulfilling a long-standing promise from the cross-stakeholder initiative, which aims to provide guidance on what constitutes “high quality” for voluntary carbon offsets.
Read MoreSwitzerland confirms 2% voluntary carbon credit cancellation for atmosphere
The Swiss government issued a statement on Tuesday confirming that 2% of its imported carbon credits would be cancelled for the good of the environment, a provision recommended under the Paris Agreement but remaining voluntary in many cases.
Read MoreSurvey finds 84% of hydrocarbon professionals see CCUS as mainstay
Some 84% of hydrocarbon professionals expect carbon capture, utilisation and storage (CCUS) will be a mainstay in the industry, and over half plan on installing CCUS solutions over the next decade, according to a survey published on Tuesday.
Read MoreExpected size of Innovation Fund critical to design of EU industry support schemes
The European Commission is honing its support policies for clean hydrogen and other low-carbon solutions – with the first pilot Contract for Difference (CfD) expected next year – but uncertainty over the future volume of the Innovation Fund leaves questions hanging over the best design details.
Read MoreAfter COP27, the private sector weighs in on carbon market rules
With several pointed issues better crystallised at the COP27 UN climate talks last week, stakeholders weighed in on Thursday about how these rules may be applicable to the voluntary carbon market (VCM).
Read MoreEFRAG delivers draft ESG and climate disclosure rules to European Commission
The European Financial Reporting Advisory Group (EFRAG) delivered the first set of its draft ESG and climate disclosure requirements to the European Commission on Tuesday, with the technical advisor modifying the rules to best align with public feedback.
Read MoreANALYSIS: Scope 3 emissions could be fertile ground for new “contribution” credits
Newly defined carbon credits under the UN’s Paris Agreement could serve an important role in corporates’ net zero carbon claims, according to some experts and government representatives, even though these credits are not designed as traditional “offsets.”
Read MorePost-COP27 pressure set to mount on who foots bill for climate change
Climate-related finance demands are very likely to grow in the coming weeks and months, as nations meet in high-stakes nature negotiations in Montreal, and discussions escalate elsewhere on broader global-financial-system reform pursuant to the climate crisis.
Read MoreCOP27: Pledge to slash global methane emissions tallies 150 countries without China
The count of countries committing to global action to address methane emissions has risen to 150, according to an event at COP27 on Thursday, an increase of 50 nations over the initial signatories made during last year’s UN climate talks, but yet to include some large emitters such as China.
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