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Australia Market Roundup: Veolia earns large ACCU batch, as govt moves to pilot farmers’ nature scheme

Published 09:06 on March 5, 2021  /  Last updated at 09:06 on March 5, 2021  /  Asia Pacific, Australia  /  No Comments

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.

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US carrier Delta to purchase 13 mln carbon offsets for 2020 emissions

Published 23:05 on March 4, 2021  /  Last updated at 23:05 on March 4, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, International, REDD, US, Voluntary Market  /  No Comments

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.

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Verra sets out emissions baseline changes for multi-level REDD frameworks

Published 22:55 on March 4, 2021  /  Last updated at 22:55 on March 4, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

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.

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Japan seen opting for climate policy mix of ETS, carbon tax, and subsidies

Published 09:37 on March 4, 2021  /  Last updated at 11:38 on March 4, 2021  /  Asia Pacific, Carbon Taxes, CBAM, Japan  /  No Comments

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.

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World needs $160/t carbon price by 2030 to meet 1.5C target -Woodmac

Published 02:29 on March 4, 2021  /  Last updated at 09:07 on March 4, 2021  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, Voluntary Market  /  No Comments

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.

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COMMENT: New claims for a new era of private sector carbon finance   

Published 13:26 on March 3, 2021  /  Last updated at 13:26 on March 3, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

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.

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Carbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire

Published 11:00 on March 3, 2021  /  Last updated at 11:21 on March 3, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

(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.

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Offset developer Aera sells minority stake to help fund expansion plans

Published 21:01 on March 2, 2021  /  Last updated at 21:01 on March 2, 2021  /  Africa, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Other APAC, REDD, Voluntary Market  /  No Comments

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.

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VCM taskforce moves forward with working groups to inform core carbon principles

Published 18:00 on March 2, 2021  /  Last updated at 18:00 on March 2, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

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.

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Singapore companies target all of ASEAN for solar power CDM programme

Published 11:03 on March 2, 2021  /  Last updated at 11:56 on March 2, 2021  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

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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