Ministers to continue Article 6 talks through to Glasgow UN climate summit
Ministers from more than 50 countries will continue talks on key issues, including Article 6 international emissions trade, through to November’s COP26 UN climate summit, UK minister Alok Sharma said on Monday following an inconclusive two-day informal ministerial meeting in London.
Read MoreVCM Report: VERs steady on upward path, as developers forgo forward contracts
Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.
Read MoreTraders Hartree to fund major expansion of REDD developer Wildlife Works
Trading house Hartree Partners has struck a deal that could treble the REDD credits generated by established developer Wildlife Works within four years.
Read MoreCarbon exchange ACX integrates BeZero offset ratings to enhance buyer confidence
Emissions bourse AirCarbon Exchange (ACX) has integrated carbon offset ratings service BeZero onto its platform to provide credit buyers more confidence and transparency with regards to their purchases, the two firms announced Monday.
Read MoreAustralia Market Roundup: Tasmanian project earns big ACCU batch, as govt plans new offset methods
A native forest protection projection in Tasmania has secured the biggest share of the latest batch of newly issued Australian Carbon Credit Units (ACCUs), while the federal government on Monday invited public input on potential new project types for the offset market.
Read MoreOil industry falls short of 1.5C goals, finds study that takes a hard line on offsets
The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement’s 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree.
Read MoreEU’s carbon border levy to affect closest neighbours more than global players, experts say
The EU’s proposed carbon border adjustment mechanism will likely affect its closest neighbours much more than global trade partners, experts believe, despite an increasing number of countries across the globe expressing concerns over the 27-nation bloc’s plans.
Read MoreTrading house opens Singapore carbon desk, former Shell traders join
A major Dutch-headquartered firm has become the latest trading house to expand its emissions business to the Asia-Pacific region, with at least two carbon traders joining from Shell.
Read MoreAustralian, Japanese firms to explore offset-backed ammonia from natural gas
Australia’s Woodside and a quartet of Japanese companies are exploring the possibility of using Australian natural gas to produce ammonia for the Japanese market, with associated CO2 emissions to be offset from CCS or bio-sequestration projects.
Read MoreGlencore sets up Asian carbon desk, hires ex-BP traders
Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.
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