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Scope change, shift to wider baselines required for credibility of voluntary carbon market -think-tank

Published 23:54 on September 16, 2021  /  Last updated at 00:44 on September 17, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, REDD, US, Voluntary Market  /  No Comments

Moves to scale up the global voluntary carbon market (VCM) would benefit from a shift away from small initiatives and project-level crediting towards corporate-wide abatement efforts and sector- or industry-wide baselines.

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FEATURE: With Merkel’s departure, German election to usher in new era of climate policies

Published 21:01 on September 16, 2021  /  Last updated at 21:01 on September 16, 2021  /  EMEA, EU ETS, International  /  No Comments

German Chancellor Angela Merkel is preparing to step aside following the country’s Sep. 26 election, making room for a new era of climate policies, with the Green party platform the most detailed on meeting newly-raised domestic emissions targets and engaging at EU level.

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Taiwan’s CPC signs carbon neutral gas supply deal with industrial giant

Published 11:49 on September 16, 2021  /  Last updated at 12:12 on September 16, 2021  /  Asia Pacific, International, Japan, Other APAC, Voluntary Market  /  No Comments

Taiwan’s state-owned oil and gas company CPC Corporation has signed an agreement with a semiconductor company TSMC for the supply of “carbon neutral” natural gas, the company announced on Thursday.

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Al Gore-backed data project finds oil and gas emissions may be double estimates

Published 10:56 on September 16, 2021  /  Last updated at 12:11 on September 16, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A new emissions data project has found that emissions from oil and gas production may be twice as high as previously thought, as new technology builds a more accurate picture of global GHG output.

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Annual voluntary carbon market value to hit $1 bln in 2021 -report

Published 21:10 on September 15, 2021  /  Last updated at 02:05 on September 16, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

The annual value of voluntary carbon market (VCM) transactions is on track to exceed $1 bln this year for the first time ever, building off previous record volumes in 2020 as more entities become involved in the space, according to a report published Wednesday.

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US gov’t agency approves subcommittee to examine carbon market design, regulation

Published 18:43 on September 15, 2021  /  Last updated at 22:53 on September 15, 2021  /  Americas, International, RINs & LCFS, US, Voluntary Market  /  No Comments

The US Commodity Futures Trading Commission (CFTC) voted Wednesday to create a subcommittee group to explore carbon market design, with the scope to provide input on frameworks for compliance and voluntary programmes. 

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Investor group wants oil firms to avoid ‘overreliance’ on offsets

Published 13:26 on September 15, 2021  /  Last updated at 13:33 on September 15, 2021  /  International  /  No Comments

Oil and gas companies should minimise the use of offsets in their strategies to align with a net zero emissions pathway, a report from leading global investors stated on Wednesday.

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EU chief urges China to raise 2030 emissions pledge, proposes climate aid increase

Published 10:27 on September 15, 2021  /  Last updated at 11:40 on September 15, 2021  /  China, Climate Talks, EMEA, EU ETS, International, US  /  No Comments

China should raise its near-term emissions pledge while others need to flesh out how their goals will be met, said European Commission President Ursula von der Leyen on Wednesday, proposing an increase in the EU’s climate finance to poorer nations.

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Chevron targets higher renewable fuels output, CCUS and offsets uptake

Published 21:58 on September 14, 2021  /  Last updated at 22:21 on September 14, 2021  /  Americas, International, RINs & LCFS, US, Voluntary Market  /  No Comments

US oil major Chevron announced goals on Tuesday to ramp up its production of renewable fuels and increase its usage of carbon capture, utilisation, and storage (CCUS) and offsets.

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European steelmakers risk stranded assets within years as emissions budget nears exhaustion -report

Published 14:30 on September 14, 2021  /  Last updated at 14:30 on September 14, 2021  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, Middle East, Other APAC  /  No Comments

European steelmakers must accelerate their low-carbon transition as their emissions budget to 2050 nears exhaustion, according to a report published Tuesday that found Turkish and former Soviet producers most at risk of holding stranded assets.

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