Large corporates making ‘quiet’ climate progress, finds report
The world’s largest companies are making gradual progress on emissions reductions and setting more significant climate targets, with more firms looking to use voluntary carbon credits to meet these goals, according to a report released Tuesday.
Read MoreCommerce firm launches voluntary carbon credit sales platform
A large online e-commerce website has launched a platform to facilitate the sale of voluntary carbon credits, it announced Tuesday.
Read MoreFEATURE: Parties probe Article 6 ‘floor price’ but experts doubt formal rollout
Some countries, notably in Africa, are said to be pushing to establish a minimum price for the sale of Article 6 credits, although experts doubt that any widespread policy could realistically be implemented as the idea remains abstract, backed informally by just a few parties.
Read MoreANALYSIS: Voluntary, regulated carbon markets need each other, but solving the supply bottleneck will take years
Voluntary and regulated carbon markets need one another, international stakeholders told a World Bank-convened event this week, but creating the right investment conditions to scale supply and blur the lines between the two forms of pricing mechanisms will take years.
Read MoreAirlines ‘suffering’ from lack of CORSIA carbon credit clarity, says aviation executive
Airlines are struggling due to a lack of clarity with CORSIA, the UN’s international aviation offsetting scheme, according to an executive at a German aviation group.
Read MoreSenior EU negotiator warns against rush to push forward on Article 6
A senior EU negotiatior on Article 6 of the Paris Agreement has warned against taking a short-term approach to developing the UN markets, saying this could damage confidence in carbon pricing as a credible solution to tackle climate change.
Read MoreFunding initiative channels millions to Kenyan clean cooking firms
An initiative that funds clean cooking in Africa has handed out a total €2.8 million in financing for Kenya-based organisations, it announced this week.
Read MoreClean cooking carbon project developer sells all credits through 2024 at $35/t
A clean cooking project developer has sold all of its carbon credits of a vintage through 2024 at $35 per tonne, an executive told an event Wednesday, in a sign that demand for ‘high-quality’ units is there for the voluntary market.
Read MoreSovereign carbon buyers to press ahead with Article 6 deals despite lack of UN clarity
Sovereign buyers of Article 6 carbon credits plan to press ahead on fleshing out agreements with host nations despite a lack of clarity on several key trade technicalities, describing capacity constraints as presenting as a greater obstacle to ramping up much-needed unit supply.
Read MoreArticle 6 needs EU leadership at COP29, urges carbon project developer
A carbon project developer has urged the EU to “resume its leadership position” on international carbon markets at COP29, citing the disappointment of last year’s UN climate summit in Dubai, at a conference in Berlin on Tuesday.
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