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VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review

Published 19:40 on April 12, 2021  /  Last updated at 19:40 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns.

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INTERVIEW – Making the grade: London-based startup launches carbon offset ratings service

Published 11:51 on April 12, 2021  /  Last updated at 11:53 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.

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SK Market: KAUs stoop to 5-yr low as cancellation concerns diminish value

Published 08:36 on April 12, 2021  /  Last updated at 08:36 on April 12, 2021  /  Asia Pacific, South Korea  /  No Comments

South Korean carbon allowances fell to their lowest levels in more than five years in Monday trade as prospects of having to cancel millions of units due to the oversupply weighed on sentiment.

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Australia’s power sector net zero target should rely on some gas, offsets -report

Published 12:01 on April 11, 2021  /  Last updated at 17:31 on April 11, 2021  /  Americas, Asia Pacific  /  No Comments

A net zero strategy for Australia’s National Electricity Market (NEM) should allow for some back-up use of natural gas that could be offset through negative emissions methodologies, according to a report released Sunday.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: The Risk of Diverting Carbon Finance from Nature to Technological Carbon Removals

Published 19:30 on April 9, 2021  /  Last updated at 19:40 on April 9, 2021  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

Increasingly, engineered carbon removal technologies are pitched against nature-based solutions to tackle the climate crisis – particularly in the voluntary carbon markets. Will forests be passed over to benefit from carbon finance – again?

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Commodities trader Trafigura opens carbon trading desk as it delves into global offset market

Published 14:43 on April 9, 2021  /  Last updated at 14:43 on April 9, 2021  /  Americas, Asia Pacific, Bavardage, EMEA, EU ETS, International, Other APAC, Shipping, Switzerland, US, Voluntary Market  /  No Comments

Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered firm announced Friday, as it ventures into the growing global offset market.

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REDD.plus executes first private-sector sale of national-level credits in test of UNFCCC as carbon standard

Published 00:00 on April 9, 2021  /  Last updated at 23:06 on April 12, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The REDD.plus trading platform has executed the first-ever purchase by a private sector buyer of jurisdictional-scale deforestation reduction credits, serving as a key test for national-level carbon offsets generated under the UN climate agency.

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Private fund seeks $1 billion to support conservation and net zero claims

Published 18:44 on April 8, 2021  /  Last updated at 23:16 on April 8, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, US, Voluntary Market  /  No Comments

A new private fund backed by several multinational consumer goods firms aims to raise more than $1 billion this year for performance-based forest conservation, using methodologies developed in carbon markets to offset impacts from agriculture and to cultivate carbon sinks for net zero claims. 

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Three Australians fined millions for carbon credit tax scam

Published 16:08 on April 8, 2021  /  Last updated at 16:32 on April 8, 2021  /  Asia Pacific, Australia  /  No Comments

Three Australians found guilty of carrying out a carbon credit tax scam over 2009-12 have been handed a multi-million-dollar fine by the federal court for luring customers to buy offsets that were never delivered.

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Researchers propose solution for voluntary carbon market’s Paris conundrum

Published 14:48 on April 8, 2021  /  Last updated at 14:53 on April 9, 2021  /  Asia Pacific, International, New Zealand, Voluntary Market  /  No Comments

A two-track system for carbon offsetting both within and beyond nations’ Paris Agreement obligations could cut through the ongoing debate on whether to demand corresponding adjustments from host nations or restrict voluntary market activities to non-NDC sectors, according to a recent report.

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