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COMMENT: Statement on the credibility of HFLD credits in global carbon markets

Published 19:50 on May 26, 2022  /  Last updated at 19:50 on May 26, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Conversations, EMEA, International, Nature-based, Other APAC, Paris Article 6, South & Central, Views, Voluntary Market  /  No Comments

A new crediting approach for High Forest, Low Deforestation (HFLD) jurisdictions is a credible way of incentivising the avoidance of deforestation in areas anchored by the large areas of intact forest, argue members of the Forests for Life Partnership in response to concerns raised about whether such units are appropriate for use in the CORSIA aviation offsetting mechanism.

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UPDATE – Boundaries increasingly blurred between voluntary and compliance markets as standards are pending

Published 15:21 on May 25, 2022  /  Last updated at 22:58 on May 25, 2022  /  Aviation/CORSIA, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

The difference between the voluntary carbon market (VCM) and compliance carbon markets will continue to blur, speakers told a conference on Wednesday, ahead of hotly-anticipated standards to be published later this year.

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EEX Group to feature vintage-specific nature-based offsets, removals among voluntary product suite

Published 19:59 on May 24, 2022  /  Last updated at 20:00 on May 24, 2022  /  Americas, Aviation/CORSIA, EMEA, International, Nature-based, US, Voluntary Market  /  No Comments

Germany’s European Energy Exchange (EEX) Group on Tuesday announced the launch schedule of a voluntary carbon market (VCM) product suite, with vintage-differentiated nature-based units and removals-focused credits among the four standardised contracts offered across multiple time zones.

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Climate ‘meta-registry’ eyes November launch after extensive testing

Published 17:43 on May 24, 2022  /  Last updated at 17:43 on May 24, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, CBAM, Climate Talks, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

A global blockchain-enabled system to transfer carbon units and track meta data of credits between various registries is due to launch in November after three years of testing.

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Less than 4% of global GHGs covered by a sufficient carbon price to meet 2030 goals

Published 17:24 on May 24, 2022  /  Last updated at 17:25 on May 24, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, EU ETS, International, Nature-based, New Zealand, Paris Article 6, US, Voluntary Market  /  No Comments

Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.

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VCM Report: Nature-based credit prices resilient as technology offsets extend slump

Published 16:51 on May 23, 2022  /  Last updated at 17:36 on May 23, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

Technology voluntary emissions reductions (VERs) extended losses for a seventh consecutive week to set a new nine-month low as offsets continued to track tumbling stock markets, while nature-based credits retained their recent resilience to move sideways.

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Brazil government invites sectors to set own emissions goals under Paris pledge

Published 19:52 on May 20, 2022  /  Last updated at 19:52 on May 20, 2022  /  Americas, Aviation/CORSIA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary Market  /  No Comments

The government of right-wing Brazilian President Jair Bolsonaro wants all the country’s economic sectors to set their own emissions goals provided the targets collectively deliver its pledge to the Paris Agreement.

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VCM initiative delays publication of Core Carbon Principles to Q4

Published 17:03 on May 20, 2022  /  Last updated at 17:36 on May 20, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

The cross-stakeholder Integrity Council for the Voluntary Carbon Market (IC-VCM) updated its timeline for publishing its long-awaited carbon offset quality standards on Friday, delaying their release by one quarter to Q4, with the public consultation on draft guidelines pushed back two months to July.

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UPDATE – Carbon spot exchange CBL cancels late Thursday trades following investigation

Published 22:58 on May 19, 2022  /  Last updated at 13:23 on May 20, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Xpansiv market CBL cancelled executions made late Thursday after conducting an investigation regarding “potentially erroneous transactions.”

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Low-cost European airlines strengthen EUA hedging, forecast summer demand close to pre-pandemic levels

Published 15:51 on May 19, 2022  /  Last updated at 15:51 on May 19, 2022  /  Aviation/CORSIA, EMEA, EU ETS  /  No Comments

Low-cost European carriers announced in quarterly reports this week that they had furthered their hedging of carbon emission allowances (EUAs) for 2022 and 2023 over the past three months, and cautiously expected demand to rebound back towards 2019 levels from the summer onwards.

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