Verra, Greenpeace square off over criticism of forest carbon credit methodologies
Standard-setting body Verra this week accused Greenpeace of misrepresenting its forest carbon offset methodologies and cherry-picking expert opinions to undermine the credibility of its REDD+ projects in two recent articles.
Read MoreWeak benchmarks to limit Washington LCFS impact in early years, traders say
More lenient carbon intensity benchmarks at the outset of Washington state’s recently passed low-carbon fuel standard (LCFS) will limit the impact of the programme until the latter half of this decade, traders said.
Read MorePennsylvania publishes draft final RGGI regulation with 2022 contingency plan
Pennsylvania released a draft final RGGI regulation on Tuesday that maintains its initial CO2 cap levels criticised as weak by academics, and publishing a 2022 contingency plan amid fervent opposition to the power sector cap-and-trade programme from Republican lawmakers.
Read MoreUS HFC rule could impact voluntary offset projects, narrow future compliance protocol expansion
The US EPA’s proposed regulation to reduce high-global warming potential HFCs could impact voluntary offset initiatives in the short term, as well as limit expansion options for California regulator ARB’s ozone-depleting substance (ODS) protocol, market participants said.
Read MoreClimateCare, Natural Capital Partners merge as voluntary market deals gather pace
ClimateCare and Natural Capital Partners have merged to help build global scale in the rapidly expanding voluntary carbon market.
Read MoreIncubEx fundraise values environmental markets platform at $161 mln ahead of London IPO
Environmental markets platform IncubEx has raised $11.7 million in its latest fundraising round, valuing the company at $161 mln ahead of an expected IPO in London later this year.
Read MoreANALYSIS: California issuing offset credits more quickly, as developers worry about upcoming compliance deadline
State regulator ARB is approving California Carbon Offsets (CCO) in a speedier fashion this year, data shows, though developers are pushing for even faster issuances before the cap-and-trade programme’s fall compliance deadline.
Read MoreRFS Market: US biofuel credits rack up new record as EPA seeks to vacate last-minute waivers
US biofuel credit (RIN) values skulled to a fresh all-time high on Tuesday, as commodity prices continued to soar and the EPA sought to overturn several Renewable Fuel Standard (RFS) waivers given out in the final hours of former President Donald Trump’s tenure.
Read MoreNew Paris climate pledges to help cut projected warming to 2.4C -scientists
The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.
Read MoreVCM Report: VER prices slide further, while corresponding adjustment guidance exerts few impacts
Voluntary emissions reduction (VER) prices trended down this week outside of nature-based offerings, while participants reported few direct pricing or liquidity impacts from Verra’s recent guidance to not require corresponding adjustments for voluntary carbon market (VCM) transfers.
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