Philippines ministry backs intensity-based carbon market
The Philippines Department of Finance is backing an intensity-based emissions trading scheme initially limited to the power industry, rather than a carbon tax, according to reports in local media.
Read MoreINTERVIEW: Rabobank to launch voluntary credits marketplace in early 2022, says carbon bank CEO
Rabobank intends to launch its marketplace for carbon credits generated from sustainable agricultural practices early next year, the CEO of its newly-launched Rabo Carbon Bank told Carbon Pulse.
Read MoreCOMMENT: Voluntary carbon markets – broken more than breakthrough
The voluntary carbon market is supposed to be saving the world. Instead many carbon credit retailers are lining their pockets, warns market veteran and Redshaw Advisors founder Louis Redshaw.
Read MoreAfrican countries back Egypt to host COP27 UN climate talks
Egypt is poised to host next year’s UN climate summit after receiving endorsement from the African Group of Negotiators on Climate Change (AGN) this week, according to government officials and media reports.
Read MoreSK Market: KAUs fall to fresh 5-year low as buyers call the shots
South Korean carbon permits slumped 9.7% in Thursday trade to hit their lowest levels since Feb. 2016, as buyers are faced with a market flush with supply.
Read MoreUN shipping body postpones decision over global carbon levy, R&D fund
The International Maritime Organisation’s (IMO) environment committee on Wednesday discussed the introduction of a global carbon levy for ships but decided to postpone this and other decisions to an upcoming meeting in November.
Read MoreS&P Global Platts adds carbon neutral LNG to voluntary offset assessment portfolio
S&P Global Platts on Wednesday began assessing prices for carbon neutral LNG to tend to the growing interest across global energy markets to bundle carbon credits with LNG shipments.
Read MoreAustralia Market Roundup: EDL nets 440,000 ACCUs as AGL expands carbon neutral offering
The Clean Energy Regulator has issued around 400,000 carbon credits to two landfill gas sites operated by EDL, while utility AGL on Wednesday announced it has expanded carbon neutral offerings to span its entire product line.
Read MoreNZ Market: NZUs soar to new record high on bullish sentiment
New Zealand carbon allowances sped past NZ$41 ($29.27) in Wednesday trade, hitting yet another all-time high as anticipated ETS changes, limited supply, and pre-auction speculation have all helped push the spot contract up more than 11% since the beginning of the month.
Read MoreSouth Korea’s ruling party leader pushes for stronger climate target
South Korea should set a 2030 emissions target of at least 40% below 2017 levels, the leader of the ruling Democratic Party said Wednesday, a move that would nearly double the country’s carbon-cutting efforts over the next decade.
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