Canadian GHGs tick up in 2019 during first year of carbon pricing plan
Canadian emissions inched higher in 2019 on the back of rising Alberta GHGs and steady output from the transportation and oil and gas sectors, coinciding with the start of Ottawa’s federal ‘backstop’ CO2 levy and output-based pricing system, government data published on Monday showed.
Read MoreNY State Pension Fund will dump seven companies over oil sands exposure
The New York State Pension Fund will immediately divest of equity and debt associated with seven companies in its portfolio and cease new investments in companies with oil sands exposure after announcing a net zero target last year, the fund said Monday.
Read MoreVCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review
Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns.
Read MoreEU plans to bring shipping into carbon market must not grant free allowances -shipowners
Plans to bring shipping emissions into the EU ETS must ensure that no free emissions allowances are allocated, two national shipowner associations said in a letter on Monday.
Read MoreINTERVIEW – Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: The Risk of Diverting Carbon Finance from Nature to Technological Carbon Removals
Increasingly, engineered carbon removal technologies are pitched against nature-based solutions to tackle the climate crisis – particularly in the voluntary carbon markets. Will forests be passed over to benefit from carbon finance – again?
Read MoreCommodities trader Trafigura opens carbon trading desk as it delves into global offset market
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered firm announced Friday, as it ventures into the growing global offset market.
Read MoreREDD.plus executes first private-sector sale of national-level credits in test of UNFCCC as carbon standard
The REDD.plus trading platform has executed the first-ever purchase by a private sector buyer of jurisdictional-scale deforestation reduction credits, serving as a key test for national-level carbon offsets generated under the UN climate agency.
Read MorePrivate fund seeks $1 billion to support conservation and net zero claims
A new private fund backed by several multinational consumer goods firms aims to raise more than $1 billion this year for performance-based forest conservation, using methodologies developed in carbon markets to offset impacts from agriculture and to cultivate carbon sinks for net zero claims.
Read MoreResearchers propose solution for voluntary carbon market’s Paris conundrum
A two-track system for carbon offsetting both within and beyond nations’ Paris Agreement obligations could cut through the ongoing debate on whether to demand corresponding adjustments from host nations or restrict voluntary market activities to non-NDC sectors, according to a recent report.
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