Germany targets EU aviation allocation in carbon price stance -leaked document
Germany favours the rapid end to free EU carbon allowances for airlines, according to a leaked document, increasing the pressure on the sector as it slowly recovers from the pandemic.
Read MoreVCM Report: CORSIA-eligible offsets match record highs
Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).
Read MoreVER prices must rise 10-fold as credible supply seen limited -report
Voluntary emissions reduction (VER) prices must surge 10-fold this decade to drive meaningful climate action, otherwise buyers risk being accused of greenwashing by purchasing carbon offsets too cheap to deliver genuine GHG cuts, according to research published Friday.
Read MoreVCM Report: VER values continue to rise on low-cost credit demand
Voluntary emissions reduction (VER) prices this week maintained their upward trajectory seen over late spring, with voluntary carbon market (VCM) participants continuing to attribute the uptick to large buyers scooping up low-cost renewables credits.
Read MoreOffset retailer says only a fraction of nature credits meet basic standards
An offset retailer has rejected around 90% of nature-based projects it has examined and is insisting clients buy almost four carbon credits for every tonne emitted from a chosen few initiatives to ensure an effective contribution to climate action.
Read MoreVER prices of $100/tonne necessary to attain return on investment -private jet broker
Voluntary emissions reduction (VER) prices are currently significantly undervalued, and must rise by several orders of magnitude in order to guarantee financial returns and ramp up climate ambition, the CEO of a private jet charter broker said Tuesday.
Read MoreWorld sees 18% increase in global carbon pricing revenue in 2020 -World Bank
Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Tuesday by the World Bank.
Read MoreVCM Report: VER prices rise, voluntary buyers maintain California offset demand
Voluntary emissions reduction (VER) values increased this week amid reluctant sellers and a wider bullish trend in global carbon, while traders said voluntary carbon market (VCM) buyers continued to procure small volumes of compliance-grade credits generated through the California cap-and-trade programme.
Read MorePrivate sector offset taskforce sets out additional attributes for voluntary carbon trade
The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) released its next consultation for dramatically increasing voluntary emissions reduction (VER) trading on Friday, setting out the first five additional attributes to differentiate between credits and establishing the structure of a governance body to further define ‘core carbon principles’.
Read MoreCOMMENT: Offsetting 2.0 – how ratings can help avoid a race to the bottom
In order to avoid fungibility becoming a race to the bottom, the voluntary carbon market needs tools that recognise the variation in carbon returns and enables the creation of products that capture this variation, according to Sebastien Cross of BeZero Carbon.
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