ICVCM approves three REDD carbon crediting methodologies for CCP status
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
Read MoreCOP29: UK looks to quickly bolster Article 6 trade with new principles for carbon credits
The UK is setting out six new principles for trading voluntary carbon and nature credits, building on the initiatives by the Integrity Council for the Voluntary Carbon Market (ICVCM) and seeking to quickly bolster international trade under Article 6 of the Paris Agreement.
Read MoreCOP29: Norway calls for clean cookstoves to be included in outcome statement
The Norwegian government is advocating clean cookstoves be included in the outcome statement of COP29, a side event at the Baku climate conference heard Thursday.
Read MoreSouth Africa looks to boost domestic carbon credit use
South Africa is looking to introduce sweeping changes to boost phase two of its carbon tax scheme, mandating a much higher level of domestic carbon credit use for mitigation, as it seeks to align its climate policies with the Paris Agreement, a public consultation paper has revealed.
Read MoreCarbon removal marketplace launches category for pre-vetted ARR credits with community benefits
A London-based carbon removal (CDR) marketplace has launched a category specifically for afforestation, reforestation, and revegetation (ARR), it announced Wednesday.
Read MoreCanadian biochar carbon project developer announces third deal this month
A Canadian carbon project developer has announced its third deal this month to expand biochar production.
Read MoreCIX to add one REDD project and remove another from its NBS index
Singapore-based Climate Impact X in January will be reinstating one REDD project and removing another from its nature-based standard contract.
Read MoreShell wins appeal on ruling to slash emissions and comply with Paris Agreement
Shell has won an appeal against a landmark climate ruling in the Netherlands that would have forced the oil and gas giant to radically cut back its greenhouse gas emissions, including indirect scope 3 emissions, to comply with the Paris Agreement.
Read MoreVCM Report: Baku bump lifts spirits after Trump election, liquidity improves in Q4
News of the COP29 presidency securing an early Article 6 outcome during Monday’s opening plenary session lifted spirits in the voluntary market, which had been left uneasy by last week’s election of Donald Trump to the White House despite improving liquidity amid a typical fourth quarter pick-up.
Read MoreCarbon project rating agency incurs heavy losses to fund global expansion
Carbon project rating agency BeZero Carbon made over $20 million in losses in the last financial year, according to publicly available documents, due to the creation of new jobs and subsidiaries in the US and Singapore, the company said.
Read More