Global 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.
Read MoreEXCLUSIVE: Cookstove project developers poke holes in study alleging rife over-crediting
A consortium of offset developers is hitting back at a recent analysis alleging pervasive over-crediting by cookstove projects within the voluntary carbon market (VCM), pointing to what it calls doubts about the study’s reliability, in an open letter seen exclusively by Carbon Pulse.
Read MoreSBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
Read MoreFEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval
Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.
Read MoreCarbon project developer secures authorisation from Tanzania for first Article 6 credits
The Tanzanian government has issued a letter of authorisation (LOA) to a carbon project developer, meaning credits generated from its cookstove activities in the country can apply corresponding adjustments when sold on the international market.
Read MoreCanadian project financier receives first correspondingly-adjusted, Article 6 authorised carbon credits from Verra
A Toronto-headquartered carbon project financier announced Monday that it has received the first-ever correspondingly-adjusted and Article 6 authorised credits from standards body Verra.
Read MoreVCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.
Read MoreAfrica-focused carbon project developer hunting for new CEO
An Africa-focused carbon project developer is hunting for a new CEO as its current chief executive transitions to two different, concurrent roles.
Read MoreGerman carbon removals firm inks MRV agreement with Kenyan DAC developer
A Germany-headquartered climate tech company, focused on durable carbon removals, has signed partnership with a developer of direct air capture (DAC) projects based in Kenya to provide digital monitoring, reporting, and verification (dMRV) to one of its projects.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
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