VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand
CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.
Read MoreNo soil carbon protocol guarantees high quality offsets -research
None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.
Read MoreVCM Report: VER issuances, retirements blossom in Q2 as prices increase further
Voluntary emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.
Read MoreGermany launches tender to buy 175k CERs to offset 2020 government travel
Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.
Read MoreUN envoy Carney stresses ‘modest, marginal’ role for offsets in corporate climate action
The voluntary carbon market should have an important, if marginal, role in corporate climate action, UN climate finance envoy Mark Carney said Thursday while setting out credible offsetting buying strategies.
Read MoreVoluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).
Read MoreICAO moves forward CORSIA emissions recovery forecast, drops offset cost estimates
Emissions under the global aviation offset programme CORSIA are expected to bounce back more quickly in the coming years, while carbon credit costs will still remain far below previously forecast levels, according to a committee of UN body ICAO’s Council.
Read MoreWestern Australia state govt launches funding scheme for carbon farming projects
Western Australia has launched a programme offering upfront funding assistance to develop revegetation and soil carbon projects.
Read MoreVCM report: VERs inch up to new records, CBL sees fourfold annual growth
Prices for voluntary emissions reductions (VERs) edged up to new heights this week with both lower-end CORSIA-eligible credits and mid-range nature-based units making gains, while Xpansiv market CBL reported a fourfold year-on-year rise in its carbon trade for Q2.
Read MoreColombia’s carbon tax scheme undermined by questionable REDD credits, probe finds
Colombia may have lost millions in carbon tax revenue while doing little to advance its climate goals, according to an NGO investigation into two REDD projects that raises questions about how forest carbon activities interact with government rules.
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