COP27: Roundup for Day 1 – Nov. 7
It’s the first Monday of COP27 and the climate talks have officially gotten underway in Sharm el-Sheikh. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout each day.
Read MoreVCM Report: Nearby N-GEO futures crash below $6
Standardised offset prices slipped sharply at the end of the week, particularly for nature-based offsets, as the expected feelgood factor from COP27 summit in Egypt failed to materialise, although sources noted some over-the-counter sellers were turning bullish.
Read MoreCOP27: New demand pledges for forest carbon credits amongst incremental progress to halt deforestation
Several public and private commitments were made to ramp up the financing available to protect the world’s forests at the COP27 UN climate talks on Monday, alongside efforts to better track progress on conserving and enhancing forest carbon stocks that included new demand pledges towards forest carbon credits.
Read MoreJapan to fund third-country green hydrogen projects under JCM
Japan has issued a tender for green hydrogen projects where the hydrogen will be produced in third-party countries and utilised in one of Japan’s 24 Joint Crediting Mechanism (JCM) partner countries.
Read MoreINTERVIEW: Platform eyes role in explosion of REDD+ projects beyond rainforests
More tree conservation projects could be potentially created in the savannas and shrub lands of sub-Saharan Africa than from the rich rainforests around the continent’s equator, according to one of the founders of a soon-to-be launched free-to-access digital platform that promises to calculate the carbon content of every tree on the planet.
Read MoreAustralia Market Roundup: Carbon projects deliver 1.6 mln ACCUs to govt, minister to review fossil fuel project approvals
Australian carbon projects delivered some 1.6 million Australian Carbon Credit Units (ACCUs) to the government between July and October, as officials confirmed the approval of 18 fossil fuel projects would be reassessed.
Read MoreShell taken to consumer, advertising tribunals in Australia for alleged greenwashing
An Australian legal non-profit that advocates on environmental issues has referred Shell in Australia to corporate and advertising regulators for alleged misleading or deceptive statements about the climate impact of its products and operations, it announced on Friday.
Read MoreGreenCollar and others urge Australian govt to lead on global forest, land sector pact at COP27
A group of high-profile local carbon and investor groups are urging the Australian government to spearhead the next phase of a global forest and land sector use pact.
Read MoreVCM integrity bodies tout ‘incremental’ approach as work continues
The VCM is set to be the topic of several events organised on the margins of COP27 in Egypt this week, where experts are due to debate its merits over its weaknesses, while initiatives aimed at improving integrity highlight progress to date.
Read MoreRatings agency finds minority of REDD+ credits are good quality
The “misconception” that all forestry conservation (REDD+) projects are low quality is not true, according to a ratings agency that has classed more than 143 mln carbon credits as coming from projects with little risk of overstated claims, although they are still a minority of the offsets issued so far.
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