VCM Report: CORSIA carbon credit futures trade above $24, regulatory support continues to build
Supportive regulatory developments continued to point towards a brighter near-term future for the voluntary carbon market, as CORSIA Phase 1-eligible futures traded above $24 in one Asia-based exchange.
Read MoreNew VCMI code, CORSIA set to tighten carbon credit demand -panellists
A new international carbon offsetting code from the Voluntary Carbon Markets Integrity Initiative (VCMI), as well as eventual obligations under the UN aviation sector offsetting scheme, are reshaping voluntary carbon market (VCM) demand, panellists said during a Thursday webinar.
Read MoreCF TURKIYE: Turkish government looks to become both a seller and buyer of Article 6 credits
Turkiye is drawing up a strategy for trading international carbon credits under Article 6 of the Paris Agreement, keeping open the possibility of both hosting projects and buying units to meet its own goals, government officials told the Carbon Forward Turkiye conference on Thursday.
Read MoreExchange announces first delivery of CORSIA Phase 1 credits at over $24 per tonne
An exchange announced Wednesday it has completed the successful delivery of some 50 CORSIA Phase 1-eligible lots at several dollars above both recent settlement prices and a special auction held late last year.
Read MoreINTERVIEW: Verra doubles down on own ICVCM-approved carbon cookstoves methodology, sidesteps UN-backed approach
Verra does not immediately plan to incorporate elements of a UNFCCC-supported cookstoves methodology into its crediting programme, and will instead focus on its own approach, recently approved by the Integrity Council for the Voluntary Carbon Markets (ICVCM).
Read MoreMost airlines have ‘head in the clouds’ about CORSIA, say experts
CORSIA take-off is still stymied by uncertainty about supply, as well as a long haul until the compliance deadline, experts told a webinar on Tuesday.
Read MoreVerra launches coal phaseout carbon crediting methodology
Voluntary carbon standard Verra has unveiled a new methodology that will credit the early retirement of coal plants that are replaced with clean energy sources.
Read MoreVCM Report: Carbon credit prices flatline as VCMI tries to stimulate voluntary action
Voluntary carbon prices were little changed little last week, despite the official launch of the VCMI’s new Scope 3 action code that highlighted a market caught in limbo by the ongoing lack of Core Carbon Principles (CCPs)-stamped credits.
Read MoreINTERVIEW: Verra targets ICVCM approval across more methodologies, greater CORSIA supply
Verra now has its sights set on approval of more of its methodologies by the Integrity Council for the Voluntary Carbon Market (ICVCM), as well as scaling supply eligible for the UN’s CORSIA international aviation offsetting scheme, an executive told Carbon Pulse.
Read MoreWEF, GenZero launch initiative to decarbonise aviation in Asia Pacific
The World Economic Forum (WEF) has collaborated with GenZero, a subsidiary of Singapore government-owned investment firm Temasek, to scale demand for sustainable aviation fuels (SAF) with an aim to decarbonise the sector in the Asia Pacific region, they announced Monday.
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