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South Korean firm strikes rare China CDM deal

Published 08:43 on September 22, 2020  /  Last updated at 12:13 on September 22, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.

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China’s State Council backs voluntary offset exchange

Published 13:55 on September 21, 2020  /  Last updated at 21:42 on September 21, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

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EU Parliament study assesses the assembly’s own GHG reduction pathways

Published 18:52 on September 15, 2020  /  Last updated at 01:04 on September 16, 2020  /  Carbon Taxes, EMEA, EU ETS, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The European Parliament should put in place measures to cut emissions from MEP travel and energy use as part of an institution-wide 2030 carbon footprint reduction target, according to a study published by the assembly’s secretariat on Tuesday.

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Intermediaries get busy in Australia’s carbon offset market

Published 09:55 on September 3, 2020  /  Last updated at 01:06 on September 4, 2020  /  Asia Pacific, Australia, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Intermediaries have gone from playing practically no part in Australia’s carbon offset market to holding some 13% of domestic credits currently sitting in the national registry, according to data released by the Clean Energy Regulator, a trend that coincides with a boom in voluntary market demand.

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British carbon fraudster finally behind bars after 3.5 years on the lam

Published 19:03 on August 27, 2020  /  Last updated at 19:14 on August 27, 2020  /  Bavardage, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

A carbon trading fraudster is finally behind bars in the UK after he fled an eight-year prison sentence for a £2.4 million scam that saw him and his accomplices sell illiquid and overpriced offsets to over 100 vulnerable investors.

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CBL Markets introduces CORSIA-aligned global offset product

Published 15:39 on August 27, 2020  /  Last updated at 19:18 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.

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California divvies out 1 mln compliance offsets as the largest project earns new credits

Published 21:40 on August 26, 2020  /  Last updated at 00:42 on August 27, 2020  /  Americas, Canada, International, Kyoto Mechanisms, Middle East, US, Voluntary Market  /  No Comments

California Carbon Offset (CCO) issuances hit a two-month high this week as regulator ARB granted more than 1 mln credits, with the programme’s largest project gaining nearly half of the new offsets, according to state data published Wednesday.

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Middle East oil project generates offsets valued near $400/t for niche EU market

Published 23:54 on August 25, 2020  /  Last updated at 22:33 on September 15, 2020  /  Carbon Taxes, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Switzerland  /  No Comments

Offset credits from an emissions reduction project at a Middle East oil production facility have been valued near $400/tonne, the first awards in an under-the-radar EU market where strict limits have resulted in some of the world’s highest carbon prices.

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UN approves South Korean residential buildings for CDM

Published 10:31 on August 25, 2020  /  Last updated at 22:35 on August 25, 2020  /  Asia Pacific, Aviation/CORSIA, International, Kyoto Mechanisms, South Korea  /  No Comments

South Korea can begin earning Certified Emission Reductions (CERs) from GHG cuts from residential buildings after the UN approved its new standardised baseline system for measuring emissions, the government said Tuesday.

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Verra offers proposal for tagging Paris-eligible carbon credits

Published 23:14 on August 18, 2020  /  Last updated at 00:09 on August 19, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Offset standard developer and manager Verra has released a public consultation regarding how to identify VCS credits that will be eligible for trade under the Paris Agreement, becoming the latest organisation to seek a differentiation based on whether or not host countries make corresponding adjustments to their emissions inventories.

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