VCM Report: VER bull run continues as buyers get less picky
Voluntary emissions reduction (VER) values marched higher this week as voluntary carbon market (VCM) sources reported buyers were becoming less choosey about vintage and credit types amid the year-long surge in prices.
Read MoreJapan to explore ‘proper’ offset use for upcoming carbon market
Japan’s economy ministry has set up a study group to deliver recommendations on the use of offsets in the voluntary carbon market it is planning to launch next April.
Read MoreChina plans to add aluminium, cement to ETS next year -exchange
China plans to add production of electrolytric aluminium and cement to its national emissions trading scheme next year, according the chairman of the Shanghai Environment and Energy Exchange, a move that will add nearly 2 billion tonnes of CO2 to the market.
Read MoreFEATURE: Climate finance, not offsets, increasingly seen as a nature-based solution as critics persist
With nature-based credits valued at a growing price premium to other types of carbon offsets, scrutiny over the process is also on the rise, with even forest protection standards that are said to be raising the bar on quality finding criticism for lacking environmental integrity.
Read MoreANALYSIS: The carbon market’s uneasy relationship with crypto
The sudden emergence of Klima DAO and increasing interest in the carbon market from the crypto community has created some excitement over the opportunities for climate finance, but is also generating concern over legal and environmental integrity issues.
Read MoreCN Markets: CEAs stable as authorities encourage borrowing ahead of compliance deadline
Trading volume in China’s carbon market has doubled amid stable prices over the past week, as several provinces allowed borrowing of allowances between companies to help firms meet the impending compliance deadline.
Read MoreAustralia’s Labor party vows deeper emissions cuts if it wins election
If it wins next year’s election, Australia’s opposition party will increase the nation’s 2030 emissions target and achieve those cuts by investments in clean power and tightening the Safeguard Mechanism CO2 baselines for industrials, it announced Friday.
Read MoreUncertain legal nature of voluntary carbon credits holding back market -financial trade body
The fast-growing market for voluntary carbon credits would be bolstered by the further development of derivatives trading, but several key legal issues including the uncertain legal nature of offsets need to first be addressed, a major financial industry trade association has said.
Read MoreAustralian investor signs deal with developer for African carbon offsets
An Australian investor has signed a €10 million offtake deal that will secure it several hundred thousand voluntary carbon credits created from cookstove projects in East Africa over the next five years.
Read MoreAustralian Big Four bank hires ex-broker for carbon job
One of Australia’s four big banks has appointed a former emissions broker as its new associate director for carbon trading.
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