VCM Report: Nature-based offset trades rev up amid wider VER stagnation
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 MoreINTERVIEW: Carpetmaker Interface, a carbon-neutral pioneer, looks back on two decades of market evolution
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 MoreAnalysts cautious over US-China climate message, mood more upbeat in Japan
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 MoreOil companies structurally incapable of achieving net zero emissions, researchers say
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 MoreChina environment ministry pitches carbon test for new projects
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 MoreChina carbon market faces surplus of 1.56 bln allowances for 2019-20, analysts find
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 MoreEU must impose mandatory checks to halt imported deforestation -report
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 MoreCarbon tax can put dent in Asia-Pacific emissions, IMF says
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 MoreTighter ETS settings could make huge difference for China’s power emissions -IEA
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 MoreVCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review
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.
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