Australia Market Roundup: Veolia earns large ACCU batch, as govt moves to pilot farmers’ nature scheme
Environmental firm Veolia took the lion’s share of this week’s carbon credit issuances in Australia, while the government is piloting a scheme that will offer farmers additional revenue for biodiversity gains achieved through carbon offset projects.
Read MoreUS carrier Delta to purchase 13 mln carbon offsets for 2020 emissions
Delta Air Lines announced plans on Thursday to spend more than $30 million on voluntary emissions reductions (VERs) to offset its GHG output last year, with the company slated to include forestry projects that reduce, avoid, and remove emissions in its portfolio.
Read MoreVerra sets out emissions baseline changes for multi-level REDD frameworks
Offset standard developer and manager Verra announced plans on Thursday to revise the methods for setting reference levels under its VCS project-level and Jurisdictional and Nested REDD+ (JNR) programmes, aiming to streamline emissions accounting and incorporate scientific best practices.
Read MoreJapan seen opting for climate policy mix of ETS, carbon tax, and subsidies
Japan is likely to opt for a combination of emissions trading, a carbon tax, and subsidies, according to analysts that view the mix as the most effective way of driving GHG cuts, meeting international climate expectations, and overcoming industry opposition.
Read MoreWorld needs $160/t carbon price by 2030 to meet 1.5C target -Woodmac
Global carbon prices need to rise to about $160/tCO2e over the next decade to support the economic transition necessary to limit global warming to 1.5C, according to consultants Woodmac.
Read MoreCOMMENT: New claims for a new era of private sector carbon finance
The voluntary carbon market can build a common understanding for a new financing claim beyond offsetting that represents the same commitment of taking responsibility for unabated emissions by mitigating carbon beyond boundaries, writes Sarah Leugers of Gold Standard.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreOffset developer Aera sells minority stake to help fund expansion plans
African offset developer Aera has sold a 35% stake to public-private infrastructure firm Arise, aiming to help fuel its expansion plans and tap Asian demand.
Read MoreVCM taskforce moves forward with working groups to inform core carbon principles
A private sector voluntary carbon market (VCM) taskforce on Tuesday moved into the second phase of its development with three working groups and a ten-member advisory board to provide input on increasing the quality of voluntary emission reductions (VERs) and develop standard contracts and governance principles.
Read MoreSingapore companies target all of ASEAN for solar power CDM programme
The UN has registered a Programme of Activities (PoA) under the Clean Development Mechanism (CDM), with the initiative’s two Singapore-based proponents aiming to generate carbon credits across the entire South East Asian region.
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