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Green groups piloting methodology for assessing VCM project types, standards

Published 21:25 on September 24, 2021  /  Last updated at 21:25 on September 24, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

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.

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South Africa adopts deeper 2030 emissions target, Sasol aims for net zero

Published 12:33 on September 23, 2021  /  Last updated at 12:45 on September 23, 2021  /  Africa, Climate Talks, International  /  No Comments

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.

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Voluntary offset taskforce plans phased approach to standardised contracts

Published 23:07 on September 22, 2021  /  Last updated at 23:07 on September 22, 2021  /  Aviation/CORSIA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

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.

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New venture close to submitting offset methodology framework for CCS modules

Published 23:05 on September 22, 2021  /  Last updated at 23:05 on September 22, 2021  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Voluntary Market  /  No Comments

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.

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Companies announce China’s first “carbon neutral” crude oil deal

Published 13:24 on September 22, 2021  /  Last updated at 13:24 on September 22, 2021  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

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.

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Big maritime players call for decarbonised shipping by 2050

Published 12:00 on September 22, 2021  /  Last updated at 21:00 on September 22, 2021  /  International, Shipping  /  No Comments

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.

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China to end overseas investment in coal plants in major shift

Published 00:27 on September 22, 2021  /  Last updated at 01:28 on September 22, 2021  /  Asia Pacific, China, International  /  No Comments

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.

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Voluntary offset taskforce names governance board, promises indigenous representation

Published 12:53 on September 21, 2021  /  Last updated at 22:13 on September 21, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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National oil companies join pledge to reach net zero operational emissions

Published 11:59 on September 21, 2021  /  Last updated at 11:59 on September 21, 2021  /  Americas, Climate Talks, EMEA, International, Middle East, South & Central, US, Voluntary Market  /  No Comments

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.

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Japanese shipping firm buys stake in Australian offset developer

Published 09:14 on September 21, 2021  /  Last updated at 09:14 on September 21, 2021  /  Americas, Asia Pacific, Australia, Bavardage, International, Japan, Shipping, US, Voluntary Market  /  No Comments

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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