VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review
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.
Read MoreINTERVIEW – Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.
Read MoreSK Market: KAUs stoop to 5-yr low as cancellation concerns diminish value
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.
Read MoreAustralia’s power sector net zero target should rely on some gas, offsets -report
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.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: The Risk of Diverting Carbon Finance from Nature to Technological Carbon Removals
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?
Read MoreCommodities trader Trafigura opens carbon trading desk as it delves into global offset market
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.
Read MoreREDD.plus executes first private-sector sale of national-level credits in test of UNFCCC as carbon standard
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.
Read MorePrivate fund seeks $1 billion to support conservation and net zero claims
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.
Read MoreThree Australians fined millions for carbon credit tax scam
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.
Read MoreResearchers propose solution for voluntary carbon market’s Paris conundrum
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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