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UN chief warns Davos on climate inaction, global risks

Published 19:53 on January 17, 2022  /  Last updated at 19:53 on January 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

UN Secretary General Antonio Guterres told the World Economic Forum (WEF) on Monday that there is no sign that governments are planning to effectively manage climate risks, urging the private sector to step up efforts and avoid greenwashing well ahead of November’s COP27 UN climate talks in Egypt.

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VCM Report: Nature-based contract hits new heights while CORSIA units falter

Published 17:59 on January 17, 2022  /  Last updated at 22:36 on January 17, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised nature-based voluntary emissions reductions (VER) prices found strength this week, while technology-based CORSIA-eligible credits and others generally flatlined or sank.

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NZ Market: NZUs sprint to new high as demand holds firm

Published 10:54 on January 17, 2022  /  Last updated at 10:54 on January 17, 2022  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances hit a new record again on Monday, as the market continues to anticipate rising prices in the year ahead.

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Rebound in demand saw global electricity emissions spike by 7% in 2021, IEA says

Published 07:01 on January 14, 2022  /  Last updated at 07:01 on January 14, 2022  /  Americas, Asia Pacific, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Other APAC, UK ETS, US  /  No Comments

Strong growth in global electricity demand of 6% in 2021, brought about by the recovery of global GDP from the Covid-19 induced slump from the year before and extreme weather conditions, saw electricity CO2 emissions spike by nearly 7% to reach a record level in the year of COP26, the International Energy Agency (IEA) stated on Friday.

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UN teams up with second exchange to promote CDM credit sales to voluntary market

Published 21:25 on January 12, 2022  /  Last updated at 00:35 on January 13, 2022  /  Africa, Americas, Asia Pacific, Australia, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The UN’s climate change agency has partnered with a second carbon exchange to drive sales of carbon credits issued under its Kyoto-era Clean Development Mechanism (CDM) to the voluntary carbon market, as the international offsetting scheme readies its transition under the Paris Agreement.

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Australia Market Roundup: ACCUs fly even higher as Safeguard deadline approaches

Published 10:23 on January 12, 2022  /  Last updated at 10:23 on January 12, 2022  /  Asia Pacific, Australia, Other APAC  /  No Comments

Australian carbon credit prices are continuing to rise quickly on very low volumes, as all available supply is quickly picked up by voluntary buyers and emitters preparing for next month’s Safeguard Mechanism compliance deadline.

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Korean auction undersubscribed again, even as price rises

Published 10:12 on January 12, 2022  /  Last updated at 10:12 on January 12, 2022  /  Asia Pacific, South Korea  /  No Comments

South Korea sold only 40% of the allowances available at its first carbon auction of the year, even as the KAU price continues to rise.

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Industry experts partner with major exchanges to list voluntary carbon contract that addresses market’s “pain points”

Published 23:23 on January 11, 2022  /  Last updated at 10:31 on January 12, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Other APAC, US, Voluntary Market  /  No Comments

A team of industry veterans has signed agreements with two exchanges to list a new voluntary contract that it says will offer an innovative approach to trading that addresses the market’s “pain points”.

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ANALYSIS: A potent force – making a market for methane emissions

Published 23:05 on January 11, 2022  /  Last updated at 23:17 on January 11, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Methane emissions concentrations in the atmosphere reached all-time highs in 2021 along with most other greenhouse gases, but with limited upstream regulation at oil and gas operations, product labelling and certificate trading are building momentum as an additional way of curbing the potent discharges.

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NZ Market: NZUs rise to record high amid bullish holiday mood

Published 11:45 on January 11, 2022  /  Last updated at 08:45 on January 17, 2022  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances rose to a fresh record on Tuesday, climbing towards this year’s auction cost containment reserve (CCR) trigger level, though volumes were modest with many traders away on summer holiday.

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