VCM Report: Fraud bombshell livens dull summer for voluntary carbon market
Allegations of fraud against one of the heavyweights in the voluntary carbon market shattered a quiet week, with activity already suffering due to the start of the summer holiday season.
Read MoreUN doubles down on call for ‘solidarity levies’ from polluting industries
Countries need to look to new sources of climate finance including “solidarity levies” on sectors such as shipping, aviation, and fossil fuels extraction, the UN’s special adviser on climate change said on Tuesday.
Read MoreLufthansa to make customers share environmental cost burden
A German air carrier will make customers pay for rising costs related to environmental regulations through the introduction of an environmental surcharge to apply to departures from January 2025.
Read MoreVCM Report: Thin trade dampens voluntary carbon spirits in dry June, but signs of ARR, CDR markets hotting up
The summer drought extended for another week in the voluntary carbon market, leaving one major exchange and several participants describing activity levels as torporific, although there was a bounce in Phase 1 CORSIA price assessments and continued interest in the carbon removals (CDR) sector.
Read MoreAir cargo firm launches carbon removal service blending DAC and SAF
An international air cargo firm has launched a new carbon removal service, which blends direct air capture (DAC) with carbon emissions reductions achieved via sustainable aviation fuel (SAF).
Read MoreBiorefinery firm finalises CCS agreements for its Nebraska facilities
A US biorefinery firm on Tuesday announced it has finalised agreements and equipment orders to deploy carbon capture and storage (CCS) with a 1.2 million tonne capacity at its Nebraska plants.
Read MoreFunds sue CME in multi-million dollar lawsuit due to voluntary carbon product changes in wake of CORSIA decision
The change in credits eligible for the current phase of CORSIA, the UN’s international aviation offsetting scheme, compared to its pilot, has triggered a $155.4 mln lawsuit against CME Group after it altered eligibility for its GEO futures contract.
Read MoreVCM Report: Flurry of CCP offers seen, but voluntary carbon market still quiet
Light trading volumes and a slide in carbon credit retirements continued to sap confidence in the voluntary market last week, even before the usual slowdown over the summer holiday season has started.
Read MoreINTERVIEW: Behavioural analysis of EUA trading strategies needed as power sector decarbonises
Sector-specific trading strategies for EU carbon allowances will increasingly determine supply and demand balances as free allocations are phased out and Europe’s power sector contiues to decarbonise, according to a carbon analyst and financial modelling expert.
Read MoreINTERVIEW: Startup advisory firm fishes for big catch of clients in Blue Ocean strategy
Threadbare liquidity and a long bear market have sent shivers through many heavyweight players in the voluntary sector, but two stalwarts of the market believe they have picked the opportune time to launch their new advisory and execution service.
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