UPDATE – Middle East carbon standard approved as newest CORSIA offset programme
The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.
Read MoreSouth Africa proposes tougher 2030 emissions target for revised NDC
South Africa’s government has proposed to tighten its 2030 emissions target by almost a third as part of a revised Paris Agreement pledge that sets out intentions for the export of correspondingly-adjusted carbon credits.
Read MoreVCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness
Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.
Read MoreMARC(U) MY WORD: Ensuring the acceptability of border carbon adjustments
EU discussion over imposing a border carbon adjustment has mostly focused on the technical design and implementation challenges raised by this complex instrument. Even the most robust design will mean little, however, if the measure fails to secure buy-in from relevant stakeholders in Europe and abroad, write Andrei Marcu of think-tank ERCST and Michael Mehling of MIT.
Read MoreVER suppliers still subject to unbalanced scrutiny on carbon credits -developer
Voluntary emissions reduction (VER) generators are still facing disproportionate levels of scrutiny compared to the behaviours of corporate buyers, despite efforts of project proponents to work with communities and incorporate more social and economic goals, a REDD+ developer said Wednesday.
Read MoreEU carbon border levy “can’t neglect least-developed countries”, says IPCC advisor
The EU cannot neglect the projected growth in emissions from least-developed countries (LDCs) when designing its carbon border adjustment mechanism (CBAM), an IPCC senior advisor said on Tuesday.
Read MoreVCM Report: VER prices converge, while CORSIA credit premium emerges
Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.
Read MoreEXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market
Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.
Read MoreGreen Climate Fund commits $1.2 bln to new projects
The Green Climate Fund approved $1.2 billion in new funding to 15 projects at this year’s first board meeting, including programmes aiming to cut emissions by more than 420 MtCO2e over their life spans.
Read MoreCarbon market veteran joins US-based offset developer C-Quest Capital
A carbon market veteran who co-founded a major offset investment group nearly two decades ago has joined US-based project developer C-Quest Capital, Carbon Pulse has learned.
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