Stakeholders grumble about limited voluntary carbon market access, other design flaws in BC’s latest draft forest offset protocol
Stakeholders have criticised the latest draft of British Columbia’s second forest carbon offset protocol (FCOP 2.0) over the prospects of limited interaction with the voluntary carbon market (VCM) and for other perceived design flaws, according to a report.
Read MoreCanadian agricultural carbon credit project first to get approval from US-based registry
A regenerative agriculture project from a Saskatchewan-based carbon credit origination and streaming company was the first to receive approval by a nascent New York-headquartered registry, according to a statement released on Wednesday.
Read MoreE-commerce platform invests millions in Brazilian voluntary carbon reforestation project
A Canadian e-commerce platform is investing $3.37 million in a reforestation activity in Brazil designed to support biodiversity and generate voluntary credits, in what represents a rare forest carbon investment for the company, according to an announcement Wednesday.
Read MoreNova Scotia’s new climate plan “better than a carbon tax” but a rehash of old measures
Nova Scotia on Tuesday submitted an alternative strategy to the Canadian federal carbon tax, though observers noted that the proposal was a rehash of previously-released measures aimed at achieving the province’s environmental targets.
Read MoreCanadian carbon offset financier sees project revaluation income boost but faces cash squeeze
A Toronto-headquartered voluntary carbon investor saw positive income in 2023 following a major revaluation of its only credit-issuing project to-date, but needs to raise more cash to fund planned operations for the next 12 months, it reported Tuesday.
Read MoreCanadian conservation groups urge federal govt to address forestry, logging gap in GHG emissions review
Eleven Canadian conservation groups have urged federal government ministries to include logging and forestry emissions in an ongoing review of national greenhouse gas accounting practices.
Read MoreCommonwealth’s carbon tax law model aims to help countries price polluters
The Commonwealth of Nations is looking to help member countries implement a carbon tax based on a model law designed to make it easy to administer, ensure a just transition, and reduce the impact on low-income and vulnerable groups.
Read MoreVCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreWatching the watchdogs: Voluntary carbon market consortium launches oversight body to police regulators, raters
A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation to police efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).
Read MoreWashington to offer higher current year volume at Q2 auction in June
Washington state’s Department of Ecology (ECY) will offer a higher number of current year volumes at its quarterly carbon allowance auction in June, as well as a smaller amount of future vintage allowances, according to a notice published by the agency Friday.
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