Green groups piloting methodology for assessing VCM project types, standards
An environmental NGO-led initiative is currently demoing a methodology for scoring voluntary carbon market (VCM) project types and programmes, and the group hopes that its financial independence from voluntary emissions reduction (VER) issuances will help differentiate it from other entities also seeking to grade credits in the booming sector.
Read MoreSouth Africa adopts deeper 2030 emissions target, Sasol aims for net zero
South Africa’s cabinet has adopted a slightly more ambitious nationally-determined contribution (NDC) to the Paris Agreement, going further than an initial draft, as one of the nation’s biggest emitters commits to net zero and boosts near-term goals.
Read MoreVoluntary offset taskforce plans phased approach to standardised contracts
The private sector-led Taskforce on Scaling Voluntary Carbon Markets (TSVCM) aims to establish core carbon principles (CCPs) depending on project type throughout next year, a member of the initiative said Wednesday.
Read MoreNew venture close to submitting offset methodology framework for CCS modules
A new carbon capture and sequestration (CCS) group is in the final stages of drafting a carbon crediting framework for several types of reduction and removal technologies, a panel heard Wednesday.
Read MoreCompanies announce China’s first “carbon neutral” crude oil deal
Three major Chinese companies on Wednesday announced they had used government-issued CCERs to offset a shipment of 30,000 tonnes of crude oil from extraction in Angola and every step of the way through the supply chain to consumption.
Read MoreBig maritime players call for decarbonised shipping by 2050
A coalition representing the maritime sector’s entire value chain has called on Wednesday for a target of net zero emissions from shipping by 2050 and for market-based measures within five years.
Read MoreChina to end overseas investment in coal plants in major shift
China will end funding for new coal-fired power plants abroad, President Xi Jinping announced at the UN General Assembly on Tuesday, signalling a massive shift for the world’s largest public financier of overseas coal.
Read MoreVoluntary offset taskforce names governance board, promises indigenous representation
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.
Read MoreNational oil companies join pledge to reach net zero operational emissions
Brazil’s Petrobras and Saudi Aramco have joined ten other oil and gas companies in aiming for net zero Scope 1 and 2 emissions, though the pledge did not include setting a date for when the goals would be reached.
Read MoreJapanese shipping firm buys stake in Australian offset developer
Shipping firm NYK Line has taken a minority stake in an Australian offset developer to expand its carbon credit business and gain know-how that can be used in other markets, it said Tuesday.
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