Top

VCM Report: Nature-based offset trades rev up amid wider VER stagnation

Published 19:14 on April 19, 2021  /  Last updated at 19:14 on April 19, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices dithered this week evenas spot commodities exchange and market data firm Xpansiv announced the inaugural trades in its nature-based offset product, while a new report highlighted the expansion of voluntary carbon market (VCM) interest in forestry-based credits over the past five years. 

Read More
Top

INTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution

Published 18:49 on April 19, 2021  /  Last updated at 20:57 on April 19, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, Kyoto Mechanisms, US, Voluntary Market  /  No Comments

After seeking to offset its emissions in the days before GHG protocols and carbon standards, US-based flooring manufacturer Interface is now receiving international acclaim for its work that has helped expand the voluntary emissions reductions (VER) market over the past 20 years.

Read More
Top

Analysts cautious over US-China climate message, mood more upbeat in Japan

Published 12:08 on April 19, 2021  /  Last updated at 12:08 on April 19, 2021  /  Americas, Asia Pacific, China, Climate Talks, International, Japan, US  /  No Comments

Analysts have welcomed the joint US-China statement on climate change released over the weekend but warned against lifting expectations too high, whereas the outlook in Japan is brighter after a bilateral announcement made on Friday.

Read More
Top

Oil companies structurally incapable of achieving net zero emissions, researchers say

Published 21:43 on April 16, 2021  /  Last updated at 21:43 on April 16, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, US  /  No Comments

Fossil-fuel companies, long accused of using carbon offsets to avoid instead of accelerating the transition to a low-carbon future, may be structurally incapable of making that transition, according to a peer-reviewed paper published Thursday.

Read More
Top

China environment ministry pitches carbon test for new projects

Published 10:56 on April 16, 2021  /  Last updated at 10:56 on April 16, 2021  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s ecology and environment ministry has proposed introducing a carbon impact assessment as part of the approval process for new energy intensive, high emitting projects as part of efforts to ensure the country meets its climate ambitions.

Read More
Top

China carbon market faces surplus of 1.56 bln allowances for 2019-20, analysts find

Published 00:01 on April 15, 2021  /  Last updated at 11:34 on April 14, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China is likely to have oversupplied its national emissions trading scheme by as much as 1.56 billion allowances for 2019 and 2020, pushing the fair value of permits in the market to zero.

Read More
Top

EU must impose mandatory checks to halt imported deforestation -report

Published 23:01 on April 13, 2021  /  Last updated at 16:34 on April 13, 2021  /  Africa, Americas, Asia Pacific, China, EMEA, EU ETS, International, Japan, REDD, South & Central, Voluntary Market  /  No Comments

The EU must tighten sustainability criteria for forest-risk imported commodities and introduce mandatory due diligence requirements, environmental campaigners said in a report published Wednesday.

Read More
Top

Carbon tax can put dent in Asia-Pacific emissions, IMF says

Published 10:51 on April 13, 2021  /  Last updated at 10:51 on April 13, 2021  /  Asia Pacific, Australia, Carbon Taxes, China, International, Japan, New Zealand, Other APAC, South Korea  /  No Comments

A carbon tax of $25/tonne could put a significant dent in Asia-Pacific greenhouse gas emissions, but would have to be raised to three times that level to be in line with a 2C or lower global warming target, according to the International Monetary Fund (IMF).

Read More
Top

Tighter ETS settings could make huge difference for China’s power emissions -IEA

Published 09:37 on April 13, 2021  /  Last updated at 13:18 on April 13, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

An emissions trading scheme with steadily tightening benchmarks and increased use of auctioning could cut CO2 emissions from China’s power sector by over 1 billion tonnes by 2035, according to the International Energy Agency (IEA).

Read More
Top

VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review

Published 19:40 on April 12, 2021  /  Last updated at 19:40 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns.

Read More