Green groups piloting methodology for assessing VCM project types, standards
An environmental NGO-led initiative is currently demoing a methodology for scoring voluntary carbon market (VCM) project types and programmes, and the group hopes that its financial independence from voluntary emissions reduction (VER) issuances will help differentiate it from other entities also seeking to grade credits in the booming sector.
Read MoreVoluntary offset taskforce plans phased approach to standardised contracts
The private sector-led Taskforce on Scaling Voluntary Carbon Markets (TSVCM) aims to establish core carbon principles (CCPs) depending on project type throughout next year, a member of the initiative said Wednesday.
Read MoreVoluntary offset taskforce names governance board, promises indigenous representation
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.
Read MoreVCM Report: Nature-based VER values lift past CORSIA-eligible units
Prices for exchange-traded, standardised voluntary emissions reductions (VERs) rose more quickly among nature-based products than CORSIA-qualified credits for the second straight week, reasserting a premium in the voluntary carbon market (VCM) that had evaporated earlier this month.
Read MoreCARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities
The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.
Read MoreAnnual voluntary carbon market value to hit $1 bln in 2021 -report
The annual value of voluntary carbon market (VCM) transactions is on track to exceed $1 bln this year for the first time ever, building off previous record volumes in 2020 as more entities become involved in the space, according to a report published Wednesday.
Read MoreUK pushes IMO for zero emissions shipping target in wake of national goal
The UK pushed Monday for global shipping emissions to reach zero by 2050, a move that would significantly increase stringency from the current 50% goal under the UN’s International Maritime Organisation (IMO), which foresees revising its emissions strategy in 2023.
Read MoreVCM Report: CORSIA credit rally halts as nature-based VERs trend up
Standardised CORSIA-eligible offset contracts on the voluntary carbon market (VCM) came down from record highs in recent days, while nature-based voluntary emissions reduction (VER) values rose to retest the long-standing premium that evaporated this month.
Read MoreEU lawmakers wary of CO2 cost hit to poor people, urge speedier end to free allocations
A proposed new European carbon market for buildings and transport could hit the poorest the hardest, MEPs said in a hearing on Thursday, with several calling for a faster phaseout of free EU carbon allocations for industry and airlines under the bloc’s main ETS.
Read MoreVCM Report: Investors seen driving prices to new heights as CORSIA credits surpass nature units
CORSIA-eligible credit prices have exceeded their nature-based counterparts as prices hit fresh records in the past week, as the investors seen fuelling the rises judge the units to be a safer bet.
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