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Global shipping’s R&D fund seen getting top billing over carbon pricing at UN talks

Published 20:04 on June 10, 2021  /  Last updated at 00:32 on June 11, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, UK ETS, US  /  No Comments

The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a small fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures for the sector.

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ECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice

Published 15:07 on June 10, 2021  /  Last updated at 15:07 on June 10, 2021  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Kyoto Mechanisms, REDD, Views, Voluntary Market  /  No Comments

The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.

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Shell to “accelerate” energy transition after court ruling, says CEO

Published 13:30 on June 9, 2021  /  Last updated at 13:30 on June 9, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, UK ETS  /  No Comments

Shell will “accelerate” its energy transition strategy and will likely take “some bold but measured steps” in the coming years to reduce emissions, its CEO said on Wednesday, after a Dutch court ruling ordered the oil major to substantially cut greenhouse gases by the end of the decade.

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Veteran carbon market analyst to join Andurand Capital

Published 10:00 on June 9, 2021  /  Last updated at 20:15 on June 9, 2021  /  Bavardage, Conversations, EMEA, EU ETS, International, UK ETS  /  No Comments

A veteran carbon market analyst is to join hedge fund Andurand Capital Management, where as head of climate research he will advise on the launch of new environmentally-focused investment vehicles.

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NZ Market: NZUs soar to fresh highs as climate commission doubles down on higher auction price settings

Published 04:23 on June 9, 2021  /  Last updated at 07:40 on June 9, 2021  /  Asia Pacific, International, New Zealand  /  No Comments

New Zealand carbon allowances soared past NZ$40 ($28.81) to new record high levels on Wednesday, following the release of the independent Climate Change Commission’s final advice to the government on the country’s carbon budgets out to 2035.

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INTERVIEW: Offset venture Vertree targets big emitters for scale-up of voluntary carbon market

Published 16:40 on June 8, 2021  /  Last updated at 16:06 on June 11, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

Newly-formed carbon credit provider Vertree is targeting a major push towards providing carbon offsets for harder-to-abate sectors, betting these heavy industries won’t be able to cut their emissions at a politically acceptable cost.

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Australia Market Roundup: Voluntary CER cancellations top 3.2 mln in May, as govt funds first DAC demonstration project

Published 11:20 on June 8, 2021  /  Last updated at 11:20 on June 8, 2021  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.

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VCM Report: CORSIA-eligible offsets match record highs

Published 19:01 on June 7, 2021  /  Last updated at 19:02 on June 7, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).  

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VER prices must rise 10-fold as credible supply seen limited -report

Published 18:20 on June 4, 2021  /  Last updated at 06:56 on June 5, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices must surge 10-fold this decade to drive meaningful climate action, otherwise buyers risk being accused of greenwashing by purchasing carbon offsets too cheap to deliver genuine GHG cuts, according to research published Friday.

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UPDATE – Moscow Exchange and VTB to launch Russian carbon marketplace, as Putin makes climate pledges

Published 11:07 on June 4, 2021  /  Last updated at 23:35 on June 4, 2021  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Moscow Exchange and Russia’s second-largest bank VTB signed an agreement to develop a carbon marketplace, the two companies announced on Thursday, as President Vladimir Putin made a series of pledges towards developing the country’s climate-focussed industries and attracting new foreign investment.

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