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EU’s carbon border levy to affect closest neighbours more than global players, experts say

Published 17:51 on July 22, 2021  /  Last updated at 17:51 on July 22, 2021  /  Africa, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, South Korea, Switzerland  /  No Comments

The EU’s proposed carbon border adjustment mechanism will likely affect its closest neighbours much more than global trade partners, experts believe, despite an increasing number of countries across the globe expressing concerns over the 27-nation bloc’s plans.

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Disheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service

Published 21:55 on July 20, 2021  /  Last updated at 12:29 on July 21, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, EMEA, International, Middle East, Other APAC, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.

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Global stimulus spending not enough to prevent record emissions by 2023 -IEA

Published 16:27 on July 20, 2021  /  Last updated at 01:20 on July 21, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, US  /  No Comments

The International Energy Agency (IEA) has warned that current government spending on post-COVID recovery measures isn’t targeting sufficiently clean energy investment, and that carbon emissions may climb to record levels by 2023 as a result.

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VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021  /  Last updated at 22:51 on July 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.

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No soil carbon protocol guarantees high quality offsets -research

Published 23:41 on July 15, 2021  /  Last updated at 23:44 on July 15, 2021  /  Africa, Americas, Asia Pacific, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.

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Draft UN biodiversity text targets massive carbon cuts from natural ecosystems

Published 07:00 on July 13, 2021  /  Last updated at 08:50 on July 13, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Middle East, REDD, Voluntary Market  /  No Comments

The first draft of a post-2020 UN-led global biodiversity framework targets annual carbon reductions from natural ecosystems of 10 billion tonnes of CO2e by 2030, though observers doubted the number would survive upcoming negotiations.

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VCM Report: VER issuances, retirements blossom in Q2 as prices increase further

Published 18:50 on July 12, 2021  /  Last updated at 23:12 on July 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.

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Germany launches tender to buy 175k CERs to offset 2020 government travel

Published 20:41 on July 9, 2021  /  Last updated at 20:41 on July 9, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.

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Voluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns

Published 13:57 on July 8, 2021  /  Last updated at 15:14 on July 8, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).

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AXA investment arm acquires voluntary carbon offset platform ClimateSeed

Published 13:20 on July 7, 2021  /  Last updated at 13:54 on July 7, 2021  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Mexico, Middle East, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The investment management arm of insurance giant AXA has purchased voluntary carbon offset platform ClimateSeed from BNP Paribas.

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