Voluntary carbon credits could near $250/t by 2050, as 2024 seen as ‘make or break’ year for market -analysts
The voluntary carbon market is at a crossroads, with 2024 emerging as a crucial year that could either propel the market towards a valuation of over $1.1 trillion annually by mid-century or steer it towards its potential collapse.
Read MoreBP buys back shares to boost value while lowering energy transition spend
BP has ploughed more profits into buying back shares while spending less on clean energy in 2023, the company revealed Tuesday in annual results.
Read MoreCarbon Pulse ramps up news coverage ahead of crucial year for biodiversity
Carbon Pulse has hired two biodiversity market and policy correspondents to strengthen its coverage ahead of what will be a busy and critical year for this beat, while also adding to the team of reporters covering carbon markets and climate policy in the EMEA region.
Read MoreTanzania project applications hit 35 as carbon trading interest grow
Tanzania has received applications for the launch of 35 carbon credit projects and expects to earn some $1 billion from the market, a senior government official has said.
Read MoreVCM Report: Corporates not waiting for ICVCM’s CCP label to retire carbon credits
News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.
Read MoreMorocco carbon tax plans gain new momentum after EU CBAM
The Moroccan government reaffirmed its commitment to implementing a carbon tax on Friday, years after initially proposing it in a tax reform law and partially in response to new EU carbon tariffs.
Read MoreBanks, fund managers disconnected from Scope 3 emissions when making investment decisions, survey finds
Shareholders are prone to overlooking the Scope 3 emissions of their investment decisions, and are more concerned by regulatory and reputational risks than the climate impacts of those decisions, according to a report published Monday.
Read MoreMore than 900 mln voluntary carbon credits under ICVCM review for high-integrity CCP label
Some 905 million carbon credits could be in line to be awarded the ICVCM’s Core Carbon Principles (CCPs) high-integrity stamp in an initial review of methodologies, the stakeholder initiative revealed to Carbon Pulse.
Read MoreINTERVIEW: EU CBAM to clean up corporate supply chain, promote insetting
The rollout of the EU’s Carbon Border Adjustment Mechanism (CBAM) could encourage companies to further engage with decarbonising their supply chain through the process of insetting, said a carbon management platform that helps companies measure and report on their emissions.
Read MoreCBL reinstates eligibility of Kasigau REDD carbon credits for N-GEO spot standard
Carbon credits from the two Kasigau Corridor REDD avoided deforestation projects can again be delivered into CBL’s N-GEO spot contract, the exchange said Friday, following news that Verra has completed its review of the Kenyan projects that were mired by allegations of sexual offences by staff and improper employment practices.
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