Top

Rail to help spur clean hydrogen boom, with potential to rival renewables -report

Published 23:18 on March 5, 2021  /  Last updated at 23:45 on March 5, 2021  /  International  /  No Comments

Green hydrogen costs are approaching a level where hydrogen-fuelled rail transport can be viable under existing post-pandemic recovery schemes with carbon pricing and other support given current price trends in the sector, bank analysts said in a report this week.

Read More
Top

Mark Carney isn’t the only one confused by net zero definitions

Published 04:14 on March 5, 2021  /  Last updated at 23:47 on March 5, 2021  /  Climate Talks, International, Kyoto Mechanisms, US, Voluntary Market  /  No Comments

Former Bank of England Governor Mark Carney has created some great things, including the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), but he still managed to flub the basics of net zero accounting in a high-profile interview, wherein he claimed – wrongly – that the company he works with is “in a position today where we are net zero” because of its investments in renewable energy and “all the avoided emissions that come with that.”

Read More
Top

US carrier Delta to purchase 13 mln carbon offsets for 2020 emissions

Published 23:05 on March 4, 2021  /  Last updated at 23:05 on March 4, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, International, REDD, US, Voluntary Market  /  No Comments

Delta Air Lines announced plans on Thursday to spend more than $30 million on voluntary emissions reductions (VERs) to offset its GHG output last year, with the company slated to include forestry projects that reduce, avoid, and remove emissions in its portfolio.

Read More
Top

Verra sets out emissions baseline changes for multi-level REDD frameworks

Published 22:55 on March 4, 2021  /  Last updated at 22:55 on March 4, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Offset standard developer and manager Verra announced plans on Thursday to revise the methods for setting reference levels under its VCS project-level and Jurisdictional and Nested REDD+ (JNR) programmes, aiming to streamline emissions accounting and incorporate scientific best practices.

Read More
Top

World needs $160/t carbon price by 2030 to meet 1.5C target -Woodmac

Published 02:29 on March 4, 2021  /  Last updated at 09:07 on March 4, 2021  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, Voluntary Market  /  No Comments

Global carbon prices need to rise to about $160/tCO2e over the next decade to support the economic transition necessary to limit global warming to 1.5C, according to consultants Woodmac.

Read More
Top

UK seeks to position London as global offset trading hub, maintains carbon price floor

Published 17:31 on March 3, 2021  /  Last updated at 21:41 on March 3, 2021  /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International, UK ETS, Voluntary Market  /  No Comments

A former stock exchange boss has been tasked with positioning London as the global centre for offset trading, the UK’s finance minister said Wednesday, in a mixed budget for climate action that included freezing the country’s carbon floor price for another year.

Read More
Top

COMMENT: New claims for a new era of private sector carbon finance   

Published 13:26 on March 3, 2021  /  Last updated at 13:26 on March 3, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Views, Voluntary Market  /  No Comments

The voluntary carbon market can build a common understanding for a new financing claim beyond offsetting that represents the same commitment of taking responsibility for unabated emissions by mitigating carbon beyond boundaries, writes Sarah Leugers of Gold Standard.

Read More
Top

Carbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire

Published 11:00 on March 3, 2021  /  Last updated at 11:21 on March 3, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.

Read More
Top

Dutch traders Vitol to offer carbon-neutral LNG product

Published 21:18 on March 2, 2021  /  Last updated at 21:18 on March 2, 2021  /  Aviation/CORSIA, EMEA, International, Voluntary Market  /  No Comments

Energy and commodity trading group Vitol said Monday that it will use voluntary emission reductions (VERs) to offer carbon-neutral liquified natural gas (LNG) to its customers, building on a raft of similar approaches and deals from fossil fuel companies in recent months. 

Read More
Top

Offset developer Aera sells minority stake to help fund expansion plans

Published 21:01 on March 2, 2021  /  Last updated at 21:01 on March 2, 2021  /  Africa, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Other APAC, REDD, Voluntary Market  /  No Comments

African offset developer Aera has sold a 35% stake to public-private infrastructure firm Arise, aiming to help fuel its expansion plans and tap Asian demand.

Read More