VCM Report: Credits from African soil carbon project hang in balance to further knock market confidence
Confidence in the integrity of the voluntary carbon market took another blow last week after a court ruling threatened to invalidate credits from the world’s largest soil carbon project, amid continued low prices across the sector.
Read MoreVCM Report: Market ticks along amid cookstoves, US political uncertainty
Indecision and uncertainty continued to plague the voluntary carbon market after news broke that the Integrity Council for the Voluntary Carbon Market (ICVCM) may not decide on which cookstoves methodologies will qualify for the Core Carbon Principles (CCP) quality label until the end of March, while participants continued to digest the possible impact of US President Donald Trump’s withdrawal from the Paris Agreement.
Read MoreVCM Report: Prices flatline, but new entrants to market, SBTi growth strike bullish outlook
Prices were little changed amid a quiet start to the year, but fresh analysis of the new entrants to the market in 2024, as well as a surge in the number of companies setting science-aligned climate targets painted a bullish outlook.
Read MoreVCM Report: Shell keeps up retirement spree, jump in North American prices keep voluntary market ticking over
Shell continued its voluntary carbon credit retirement spree last week to keep the market ticking over, amid a quiet start to the year that is relying on pockets of North American demand to prop up prices.
Read MoreVCM Report: Outlook for market brightens in 2025 after tough year
The market outlook for 2025 is more upbeat after a difficult previous 12 months, due to an expected demand boost from Phase 1 of CORSIA and the development of Paris Agreement trading after the historic decision to finalise Article 6 at COP29.
Read MoreVCM Report: Boost from smaller carbon registries keeps credit retirements set for annual record
Retirements of voluntary carbon credits remained high last week across the big four registries, which saw the gap continue to narrow to last year’s record total, but other, smaller organisations have seen volumes grow, putting 2024 on course to hit a fresh annual high.
Read MoreVCM Report: Retirement levels drop, market subdued amid ICVCM, CORSIA confusion
Retirement levels of voluntary carbon credits were relatively low last week to dash hopes of a year-end flurry, while drama around a recent REDD+ decision from the Integrity Council for the Voluntary Carbon Market (ICVCM) brought the Core Carbon Principles (CCPs) badge of quality into the spotlight.
Read MoreVCM Report: CORSIA carbon futures bounce after ICAO formally approves new standard bodies
Eligible futures for CORSIA Phase 1 bounced higher on Monday after a late Friday announcement from UN agency ICAO confirmed four new standard bodies have been formally granted eligibility to supply credits to the international aviation offsetting scheme.
Read MoreVCM Report: Verra carbon credit retirements breach 7 mln as market shows signs of life
Retirements in the Verra voluntary carbon registry surged to just over 7 million last week, as the market started to show some life after having failed to ignite after the COP climate talks last month.
Read MoreVCM Report: Voluntary sector drifts despite landmark carbon markets decision at COP29
COP29 may have given a shot in the arm to future international carbon trade, after countries finally clinched a deal on Article 6, but the voluntary market continued to drift aimlessly over the past week.
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