DATA DIVE: Record number of new VCM entrants in 2024 a positive sign for the market
A record number of new entrants in the voluntary carbon market (VCM) in 2024 offers a positive signal, participants have said, despite lacklustre overall volumes and weak price movement over the past year.
Read MoreCARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.
Read MoreSwitzerland commits millions for carbon removal projects
Switzerland has opened a funding round worth CHF 100 million (€106 mln) to develop carbon removal projects in the country, the government announced Thursday.
Read MoreGoogle inks second 100k biochar carbon removal deal
Google signed a second large biochar carbon removal deal Thursday, buying 100,000 tonnes of CO2 through 2030 from a California-based developer.
Read MoreCARBON FORWARD MIDDLE EAST: Voluntary carbon market faces fresh risk in light of “woke” label in US
A new political landscape for climate policy in the US, set to dominate following President-elect Donald Trump’s inauguration next week, could jeopardise the revival of the voluntary carbon market (VCM) in 2025, a conference heard Thursday.
Read MoreEU carbon price to slump towards €50 in Trump-inflicted recession scenario -analysts
Benchmark European carbon prices could slump below €50 in the event of a regional recession brought on by US tariffs that may be introduced by President-elect Donald Trump, according to a scenario modelled by analysts.
Read MoreRussia adopts legislation paving way for forest carbon projects
Russia adopted a law at the start of this year that will enable emissions reduction and removal projects to be developed in the country’s forests.
Read MoreUPDATE – EEX posts 10% rise in EUA volumes in 2024, but futures OI kicks off new year at multi-year lows
Germany-headquartered EEX posted a 10% rise in traded EU carbon volumes last year, according to data published Wednesday, though open interest on futures has slumped to multi-year lows since the expiry of the Dec-24 EUA contract last month.
Read MoreCarbon credits with govt authorisation for international trade command 80% premium -analysts
Voluntary carbon credits with a letter of authorisation (LoA) for international transfer under Article 6 of the Paris Agreement are commanding an 80% premium, according to analysts.
Read MoreVoluntary carbon market “on ice” as valuation fails to build in 2024 -analysts
The voluntary carbon market saw its value remain at around $1.4 billion last year as spot prices slumped 20%, though analysts still forecast the sector could still grow to the tens of billions by the end of the decade.
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