FEATURE: Verra aims for more streamlined process with in-house offset registry
Offset standard developer and manager Verra is seeking to cut red tape and costs for stakeholders by launching its own registry, becoming the latest US-based organisation to administer its own system.
Read MoreNZ Market: NZUs get boost ahead of Easter break
New Zealand carbon allowances saw a second straight day of gains on Thursday, ending at a high ahead of the Easter break as the market continues to find support above NZ$24.
Read MoreGlobal coal power keeps coming even if almost half is unprofitable -report
Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.
Read MoreSK Market: South Korea sees highest-ever price for monthly CO2 auction
South Korea’s monthly auction of CO2 allowances sold out on Wednesday, fetching the highest price since the regular sales started last year.
Read MoreSouth Korea extends ETS deadlines, shuffles auction schedule
South Korea has extended by a month the deadlines for emissions reporting and compliance under its carbon market amid disruptions caused by the COVID-19 outbreak, and has backloaded some of its monthly KAU auction volume accordingly.
Read MoreStronger ETS might work better than New Zealand’s oil ban -commissioner
Strengthening New Zealand’s ETS, especially in regards to free allocation, might be a better way to cut emissions than the controversial ban on new oil and gas exploration, according to an environmental watchdog.
Read MoreAustralia issues 710k new carbon credits amid virus crisis
Australia’s Clean Energy Regulator this week issued almost 710,000 new carbon credits, a big increase from recent weeks despite agency staff mostly working from home due to the COVID-19 outbreak.
Read MoreSK Market: Korean CO2 prices hold firm as market resists virus impact
South Korean CO2 prices have not budged during the coronavirus crisis, with allowances consistently trading above 40,000 won ($32.46) despite a worsening economic outlook.
Read MoreAustralia pays highest prices yet in latest ERF auction, but volumes remain low
Australia’s Clean Energy Regulator paid a record A$16.14/tonne in the latest Emissions Reduction Fund (ERF) auction, but volume remained low and most of it was signed as optional contracts.
Read MoreCOMMENT: Five massive drivers of future demand for offsets
Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide. Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore. And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.
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