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Canadian firm pays €100/tonne for Brazilian biochar carbon credits

Published 22:57 on August 10, 2022  /  Last updated at 22:57 on August 10, 2022  /  Americas, Canada, EMEA, International, Nature-based, South & Central, Voluntary Market  /  No Comments

A Canadian VER investor has agreed to pay roughly €100 (C$130) per tonne to purchase biochar-based carbon credits from a Brazilian steelmaker.

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California offset issuance inches up, while price discounts widen as WCI allowances surge

Published 22:47 on August 10, 2022  /  Last updated at 22:47 on August 10, 2022  /  Americas, Canada, International, Nature-based, Uncategorized, US, Voluntary Market  /  No Comments

California regulator ARB this week distributed much fewer compliance offsets compared to its prior issuance at the end of July, according to government data published Wednesday, while a surge in WCI allowance prices has widened the discount of offset values.

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WCI 2023 floor price expectations contract as July inflation eases

Published 22:31 on August 10, 2022  /  Last updated at 22:31 on August 10, 2022  /  Americas, Canada, US  /  No Comments

Next year’s WCI-linked cap-and-trade floor price expectations narrowed after July inflation reversed course following months of substantial increases, according to federal data published Wednesday.

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Canadian tech startup launches NFT marketplace for voluntary carbon

Published 16:21 on August 10, 2022  /  Last updated at 18:32 on August 10, 2022  /  Americas, Canada, International, Nature-based, Voluntary Market  /  No Comments

A Canadian startup crypto company is launching its carbon platform for voluntary carbon market (VCM) projects that will mint non-fungible tokens (NFT) and reward project owners and carbon offset holders with a recurring revenue model. 

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Double, triple counting of GHG reductions likely under overlapping Canadian CCUS policies

Published 22:24 on August 9, 2022  /  Last updated at 22:24 on August 9, 2022  /  Americas, Canada, Carbon Taxes, RINs & LCFS  /  No Comments

Canadian oil and gas producers could potentially receive compensation for reducing the same emissions under federal and subnational climate policies that incorporate carbon capture, utilisation, and storage (CCUS), threatening the environmental integrity of these programmes and deflating credit prices, experts told Carbon Pulse.

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UPDATE – California’s Newsom proposes tougher 2030 GHG goal, pushing up CCA prices

Published 18:26 on August 9, 2022  /  Last updated at 22:09 on August 9, 2022  /  Americas, Canada, US  /  No Comments

California Governor Gavin Newsom (D) has called for lawmakers to ratchet up the ambition of the state’s 2030 GHG reduction target, according to a document circulated to legislators this week and seen by Carbon Pulse, which sent California Carbon Allowance (CCA) prices to a two-month high on Tuesday.

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Growing disillusionment in REDD+ projects, forestry investor says

Published 04:33 on August 9, 2022  /  Last updated at 04:33 on August 9, 2022  /  Asia Pacific, Canada, International, Nature-based, New Zealand, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

The head of a global forestry investment company has warned there is a growing lack of confidence in the REDD+ project formats in developing countries.

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Canadian offset investor strikes sale deal with oil major

Published 20:40 on August 8, 2022  /  Last updated at 20:44 on August 8, 2022  /  Americas, Canada, Nature-based, Voluntary Market  /  No Comments

A Canadian offset investment firm that prioritises community benefits has struck a deal to supply an oil major with carbon credits, with delivery expected to begin in late 2023, it announced on Monday.

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VCM Report: Standard offset prices pick up to close gap to bespoke market

Published 18:53 on August 8, 2022  /  Last updated at 21:06 on August 8, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, South Korea, Switzerland, Uncategorized, US, Voluntary Market  /  No Comments

The market turned a corner at the end of the week, with standard offsets prices jumping higher to close the gap on a bespoke market that has been more successful in resisting the bearish trend.

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Speculators scoop up V23 CCAs, producers reduce record length

Published 22:51 on August 5, 2022  /  Last updated at 15:29 on August 6, 2022  /  Americas, Canada, US  /  No Comments

Financial participants increased their California Carbon Allowance (CCA) futures-only holdings but reduced their combined futures and options holdings in the latest reporting period, while compliance entities offloaded allowances, according to US Commodity Futures Trading Commission (CFTC) data.

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