VCM Report: Bear market continues into the summer, Brussels corporate claims drama creates regulatory uncertainty
Sales of cheap voluntary carbon credits continued to dominate trade in a week where the European Commission signalled it would pull the plug on the proposed Green Claims Directive, though developments on Monday suggested this may no longer be the case, with the drama generating significant regulatory uncertainty.
Read MoreVCM Report: Carbon credit prices bounce back as June retirements pick up pace
Voluntary carbon credit prices generally bounced back last week to recover losses over May and early June, and a large volume of cookstoves retirements boosted levels.
Read MoreVCM Report: Slide in prices extends May trend, low floor seen for Phase 1 CORSIA carbon credits
Voluntary carbon prices continued to slide last week, following the pattern seen in May, although US registries bucked the trend and a Singaporean exchange claimed the first floating offer for cookstove credits versus an index for CORSIA Phase 1-eligible units.
Read MoreVCM Report: Shrinking market dominates headlines, carbon credit prices drift lower
News of the shrinking value of the voluntary carbon market dominated the week, with participants quick to paint a bright picture for the future, but an early summer malaise has already kicked in with credit prices seen drifting lower.
Read MoreVCM Report: Drop off in carbon credit retirements reflects wider market malaise
Low credit issuance and retirements last week reflected a subdued voluntary market that continues to be stifled by the lack of available Core Carbon Principles (CCP)-tagged credits, as well as few signs of a reaction to the expected shortage of eligible Phase 1 CORSIA supply in the coming years.
Read MoreVCM Report: ARR carbon credit prices rally as Microsoft steps in with mega-deal
Prices for afforestation, reforestation, and revegetation (ARR) carbon credits jumped last week amid news that Microsoft has bought 18 million units in a forward purchase agreement from a US firm, but other sectors continued to flat line.
Read MoreVCM 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 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 MoreVCM Report: Voluntary carbon credit indices rebound, France backs CCPs
Voluntary carbon credit indices edged higher last week as market participants returned to desks following a holiday break, while France threw its weight behind corporate use of integrity-backed carbon credits, following similar moves by Germany and the UK in April.
Read MoreVCM Report: Carbon credit prices tumble amid thin liquidity over holiday season, UK govt announcement offers hope
The holiday break took its toll on the voluntary carbon credits with liquidity and prices sliding last week, but the UK government gave a fillip to the market after throwing its weight behind integrity initiatives and the use of both reductions and removal credits to mitigate Scope 3 emission claims.
Read More