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UPDATE- Global voluntary carbon market initiative seeks to define credible buying strategies

Published 08:01 on July 29, 2021  /  Last updated at 10:38 on July 29, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

A new global cross-stakeholder initiative aims to agree on how companies should use carbon credits and ensure the voluntary carbon market contributes to Paris Agreement goals.

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California grants 1 mln new offsets, as wildfires near another forestry project

Published 21:09 on July 28, 2021  /  Last updated at 21:09 on July 28, 2021  /  Americas, Canada, Mexico, US, Voluntary Market  /  No Comments

California minted almost 1 million new compliance-grade offsets over the past two weeks, but these issuances came as a new West Coast wildfire appeared to impact another existing forestry project registered under the WCI-linked cap-and-trade programme, state data and researchers reported this week.

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REDD developer Biofilica targets tenfold carbon credit growth following merger

Published 17:48 on July 28, 2021  /  Last updated at 18:05 on July 28, 2021  /  Americas, Aviation/CORSIA, Canada, International, REDD, South & Central, US, Voluntary Market  /  No Comments

Brazilian offset developer Biofilica announced its acquisition by a multinational environmental management firm on Tuesday, with the purchase aimed at generating 10 times as many voluntary emissions reductions (VERs) compared to current volumes and expanding into more nature-based project types.

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RGGI speculative firm opens new account, eyes California offset market

Published 16:36 on July 28, 2021  /  Last updated at 16:36 on July 28, 2021  /  Americas, Canada, US  /  No Comments

A Texas-based hedge fund opened a RGGI CO2 Allowance Tracking System (COATS) account on Wednesday, with the firm having been linked to two previous speculative accounts under a different name.

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RFS Market: RINs lift to month high on import flows

Published 18:11 on July 27, 2021  /  Last updated at 18:11 on July 27, 2021  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) prices went on the upswing over the past week as traders pointed to a diesel arbitrage and gasoline import data as supporting factors for the Renewable Fuel Standard (RFS) market.

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California gasoline consumption continues steadily rise toward pre-pandemic levels in April

Published 14:57 on July 27, 2021  /  Last updated at 14:57 on July 27, 2021  /  Americas, Canada, US  /  No Comments

California gasoline usage increased for the second consecutive month in April, as consumer demand continues to skew back towards pre-COVID levels amid fewer state-level restrictions, according to state data released this week.

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Ministers to continue Article 6 talks through to Glasgow UN climate summit

Published 23:41 on July 26, 2021  /  Last updated at 23:41 on July 26, 2021  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

Ministers from more than 50 countries will continue talks on key issues, including Article 6 international emissions trade, through to November’s COP26 UN climate summit, UK minister Alok Sharma said on Monday following an inconclusive two-day informal ministerial meeting in London.

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New service plans CO2 removal certification system mirroring I-RECs

Published 22:51 on July 26, 2021  /  Last updated at 22:51 on July 26, 2021  /  Americas, Canada, EMEA, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

A new joint venture is planning to launch a certification system for carbon removals, with the aim of addressing issues regarding transparency and trust that have affected the existing voluntary emissions reduction (VER) market.

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VCM Report: VERs steady on upward path, as developers forgo forward contracts  

Published 22:42 on July 26, 2021  /  Last updated at 22:42 on July 26, 2021  /  Africa, Americas, Asia Pacific, Australia, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.

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Traders Hartree to fund major expansion of REDD developer Wildlife Works

Published 21:38 on July 26, 2021  /  Last updated at 21:38 on July 26, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Trading house Hartree Partners has struck a deal that could treble the REDD credits generated by established developer Wildlife Works within four years.

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