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VCM Report: VERs ride COP26, crypto wave to new all-time highs

Published 22:01 on November 22, 2021  /  Last updated at 00:09 on November 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, 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 emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.

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Several nations baulk at 2050 net zero shipping goal as IMO talks resume

Published 21:10 on November 22, 2021  /  Last updated at 21:10 on November 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

Several countries attempted to block efforts to raise the shipping sector’s emissions target to a 2050 net zero goal on Monday, as week-long talks begin at the UN’s International Maritime Organization (IMO).

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Xpansiv taps second CME veteran for carbon market role

Published 18:43 on November 22, 2021  /  Last updated at 01:58 on November 24, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

A senior employee at CME Group has taken on a carbon markets role at Xpansiv, marking the latest recent hire to depart the US-based exchange for the ESG commodities trading platform.

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FEATURE: Crypto has big plans for the carbon market

Published 04:09 on November 22, 2021  /  Last updated at 02:35 on November 23, 2021  /  Americas, Asia Pacific, Australia, Bavardage, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Carbon-backed crypto initiative Klima DAO has shaken the voluntary offset market since its launch a month ago, and it could be just the start as decentralised finance and blockchain ventures eye up project development and intergovernmental emissions trade.

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California power emissions fall in September as gas generation wanes

Published 22:44 on November 19, 2021  /  Last updated at 22:44 on November 19, 2021  /  Americas, Canada, US  /  No Comments

Electricity sector CO2 emissions under the California Independent System Operator (CAISO) receded to a three-year low in September as fossil gas power reduced and imports rose, according to data published Friday.

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ANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback

Published 22:08 on November 19, 2021  /  Last updated at 22:09 on November 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.

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Financials’ CCA length breaches 100 mln before Q4 auction, emitters hold firm

Published 21:53 on November 19, 2021  /  Last updated at 21:53 on November 19, 2021  /  Americas, Canada, US  /  No Comments

Speculators cut their net length in California Carbon Allowance (CCAs) this week to the lowest level in five months, while compliance entities kept their positions mostly steady as the November WCI sale approached, according to US Commodity Futures Trading Commission (CFTC) data published Friday.

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TotalEnergies pursues forest-based offset project in Suriname

Published 21:06 on November 19, 2021  /  Last updated at 21:06 on November 19, 2021  /  Americas, International, REDD, South & Central, Voluntary Market  /  No Comments

French oil major TotalEnergies announced Friday that it has signed an agreement with the Suriname government to support its efforts to reduce GHG emissions by preserving the country’s forests, in exchange for carbon credits.

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Clean energy largely absent from US House reconciliation package, ‘Three Amigos’ statement

Published 21:00 on November 19, 2021  /  Last updated at 22:48 on November 19, 2021  /  Americas, Canada, Mexico, US  /  No Comments

US Democrats’ $1.9 trillion Build Back Better (BBB) package passed the House of Representatives Friday, but the budget legislation excluded clean power programmes that were also noticeably absent from a statement following the North American leaders’ summit.

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LCFS Market: California prices continue slide towards $140

Published 20:06 on November 19, 2021  /  Last updated at 20:06 on November 19, 2021  /  Americas, RINs & LCFS, US  /  No Comments

California Low Carbon Fuel Standard (LCFS) prices dug new multi-year lows this week as traders said credit generators persisted on the offer and compliance entities were uninterested in bidding.

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