EU removals methodologies not likely to certify units before 2027, frustrating experts
Carbon removal experts expressed frustration this week at news that the EU’s carbon removal methodologies will not yield carbon removal units with the bloc’s stamp of approval until likely 2027.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
Read MoreEU green claims directive having ‘chilling effect’ on voluntary carbon market
The EU’s green claims directive is having a tangible, negative impact on demand for voluntary carbon credits, and scaring corporates away from the market, participants told an event Wednesday.
Read MoreInvestor launches energy transition ETF targeting carbon markets
An investment management firm has launched a new energy transition exchange-traded fund (ETF) tracking several compliance carbon markets.
Read MoreGreater transparency, predictability needed for future EU ETS intervention, says think tank
There needs to be a more transparent and predictable approach to regulatory interventions in the EU ETS, a report from a think tank said Monday.
Read MoreFormer Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm
Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.
Read MoreVoluntary carbon standard advances deforestation risk mapping plans for jurisdictional REDD
A voluntary carbon standard has made a step forward on a deforestation risk mapping tool for jurisdictional REDD projects by advancing work across the first set of forest-rich nations, it said Thursday.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
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