Mark Carney isn’t the only one confused by net zero definitions
Former Bank of England Governor Mark Carney has created some great things, including the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), but he still managed to flub the basics of net zero accounting in a high-profile interview, wherein he claimed – wrongly – that the company he works with is “in a position today where we are net zero” because of its investments in renewable energy and “all the avoided emissions that come with that.”
Read MoreCOMMENT: New claims for a new era of private sector carbon finance
The voluntary carbon market can build a common understanding for a new financing claim beyond offsetting that represents the same commitment of taking responsibility for unabated emissions by mitigating carbon beyond boundaries, writes Sarah Leugers of Gold Standard.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreOffset developer Aera sells minority stake to help fund expansion plans
African offset developer Aera has sold a 35% stake to public-private infrastructure firm Arise, aiming to help fuel its expansion plans and tap Asian demand.
Read MoreSingapore companies target all of ASEAN for solar power CDM programme
The UN has registered a Programme of Activities (PoA) under the Clean Development Mechanism (CDM), with the initiative’s two Singapore-based proponents aiming to generate carbon credits across the entire South East Asian region.
Read MoreVCM Report: VER prices resume bullish 2021 path as first GEO futures trade
Voluntary emission reduction (VER) values trended higher this week as the first Global Emissions Offset (GEO) futures contracts transacted on Monday, while elevated interest in North American forestry and other project types provided a further boost.
Read MoreBrussels launches research project on certification system for carbon removals
The European Commission has launched a year-long project assessing options to introduce an EU system for certifying carbon removals, inspired by existing carbon standards.
Read MoreEnvironmental commodities shop STX buys EU carbon brokers Vertis
Environmental commodities trading firm STX Group has reached an agreement to buy a majority stake in Budapest-based rival carbon brokers Vertis, the companies announced late Tuesday.
Read MoreCOMMENT: We’re still in – let’s align the voluntary carbon market with Paris rather than play by our own rules
Corresponding adjustments will be needed in the future whenever a carbon credit is used to offset emissions, to help ensure the promise is kept that the atmosphere is no worse off, argues Hugh Salway of voluntary carbon market certifier Gold Standard,
Read MoreGold Standard to mandate corresponding adjustments by 2025 in Paris-era offset trade plans
Voluntary carbon market certifier Gold Standard has proposed a phased timeline that would mean all its offsets will require corresponding adjustments by 2025, as well as setting tighter requirements for transitioning projects.
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