Glut of surplus voluntary carbon credits from big four standards hits almost 800 mln
The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 800 million credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.
Read MoreCommonwealth’s carbon tax law model aims to help countries price polluters
The Commonwealth of Nations is looking to help member countries implement a carbon tax based on a model law designed to make it easy to administer, ensure a just transition, and reduce the impact on low-income and vulnerable groups.
Read MoreINTERVIEW: New global finance goal must drill down on who pays, where it goes, and how it’s tracked
The new global climate finance goal will have to drill down on details such as where the money comes from, where it is allocated, how it is monitored and verified, and, ideally, how to bolster integrity of carbon markets, according to a senior international climate finance official.
Read MoreVCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreETS poses a “conundrum” to southern EU ports competing with North Africa, shippers council says
The European Shippers Council has hit back at an NGO’s claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.
Read MoreWatching the watchdogs: Voluntary carbon market consortium launches oversight body to police regulators, raters
A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation to police efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).
Read MoreFEATURE: First deliverables from voluntary carbon market standards’ collaboration coming in Q3, but bigger challenges lay ahead
The first deliverables from a collaboration between some of the world’s largest voluntary carbon market (VCM) standards are expected to arrive in Q3 this year, and “more complicated pieces” to come in 2025, but the alliance faces larger challenges – some existential – on the road ahead.
Read MoreTight cookstove emissions methodology wipes out cheap abatement under $10, finds report
Tightening the calculation of emissions from voluntary cookstove credits will almost wipe out abatement for under $10 per tonne, finds a report.
Read MoreDemand ramping up in voluntary cookstove sector after pre-issuance credits snapped up, says financier
Nearly half of around 590,000 African voluntary credits from biomass improved projects were recently sold ahead of issuance, and above secondary market prices, a carbon financier told Carbon Pulse Thursday, after last week announcing a hefty investment into electric cookstoves.
Read MoreOil and gas producers aiming to quadruple new reserve developments by 2030 -report
Oil and gas producers worldwide aim to quadruple the amount of reserves sanctioned for development within the decade, research finds, in direct contrast to scientific warnings that new fossil fuel investments must end in order to limit warming to 1.5C.
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