Chile approves first offsetting projects eligible for paying national carbon tax
Chile officially approved the first eight carbon projects eligible for payment of its $5/tonne national carbon tax Wednesday, operationalising a new offsetting mechanism announced last year.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreDouble claiming risk at centre of CORSIA approval block on voluntary carbon standards
ICAO has requested that voluntary carbon standards account for the supply risk in the event of the double claiming of credits under CORSIA, as a condition for approving programmes in the current 2024-26 phase of the international aviation offsetting scheme, after no new issuing bodies were given the green light at a key meeting last week.
Read MoreANALYSIS: Ageing UN carbon projects eye voluntary carbon market opportunities in light of Article 6 delays
Projects from the UN’s Kyoto Protocol-era Clean Development Mechanism (CDM) are transitioning to the voluntary carbon market (VCM) in light of stalling Article 6 negotiations, experts have told Carbon Pulse, though some caution that opportunities may only be short term, and units could be a tough sell for some buyers.
Read MoreVCM Report: Low price trade dominates voluntary carbon market as liquidity thins ahead of CCPs arrival
Over-the-counter trade seems to have slowed in the voluntary carbon market and retirement levels have fallen ahead of the much-anticipated announcement at the end of the month of the first methodologies that will qualify for the Core Carbon Principles (CCPs) stamp of high integrity.
Read MoreKorean trading firm to expand its carbon credit business -media
A major trading firm in South Korea has decided to deepen its engagement in the voluntary market, with plans to sell carbon credits it earned from a hydropower plant in Indonesia, local media reported Thursday.
Read MoreANALYSIS: Colombia’s tax reforms slow demand for voluntary carbon credits as supply pool shrinks
Colombian reforms of offset use against its carbon tax have weakened demand for voluntary credits in the country, and a strong rise in issuances from domestic standards has done little to counterbalance dwindling supply figures as participants’ focus shifts to the international market.
Read MoreUAE-based carbon project developer Blue Carbon solicits applicants to support activity design, monitoring
Blue Carbon, a Dubai-based carbon project developer aiming to participate in Article 6 markets, has issued a request for proposals (RFP) to obtain support for design and monitoring across its portfolio.
Read MoreICVCM revises down number of voluntary carbon credit methodologies assessed for integrity stamp, but promises quick turnaround
Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.
Read MoreVoluntary standard unveils new forest carbon crediting methodology
A voluntary carbon standard has opened a consultation on a new afforestation, reforestation, and revegetation methodology, weeks after it had announced it will exclusively focus on crediting nature-based solutions and move away from older UN crediting programmes.
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