Coalition seeks to add to Core Carbon Principles, as another standard hits back
The ICVCM’s carbon credit standard-setting process should add more safeguards for host communities, ban oil firms from trading and offsetting the units while ensuring they are all correspondingly adjusted, a cross-stakeholder coalition said on Wednesday.
Read MoreSouth African Treasury rejects industry plea to decelerate planned carbon tax increases
The South African Treasury has rejected a plea from business groups to decelerate the government’s proposed trajectory of national carbon tax increases.
Read MoreOfficials make patchy progress on UN carbon credit mechanism
The Article 6.4 Supervisory Body failed to find consensus on core items at its second meeting this week to leave uncertainty on key aspects of the UN’s new carbon crediting mechanism, but the body did agree on a new fee structure, work plan, and the need for external technical support.
Read MoreInsurance broker Aon partners with nature project developer to help ease risks
Aon on Tuesday announced plans to become the first major insurance provider to partner with a project developer to help de-risk nature-based projects vulnerable to fire and other perils.
Read MoreSupervisory Body narrows down fee levels for UN carbon credit mechanism
The appointed body overseeing the UN’s new carbon crediting mechanism began its second-ever meeting on Monday, with limited time remaining to shape recommendations before the Egypt COP27 UN climate talks this November, including on fee levels related to project registration and credit issuance.
Read MoreCLARIFICATION – KlimaDAO acts to destroy controversial credits in BCT pool
Crypto carbon group KlimaDAO has finally rid the market of more than 670,000 remaining carbon credit tokens from a Chinese HFC-23 project that were bought onto blockchain last year, acting alone after fellow tech firm Toucan Protocol declined to join in.
Read MoreSouth African business groups urge government to slow down with carbon tax increases
South African business groups have urged the government to slow the proposed pace of national carbon tax increases for fear it could hurt growth and hinder their decarbonisation strategies.
Read MoreCarbon market veterans launch nature-based developer for Southeast Asia
Two experienced carbon offset company founders have formed a new venture that aims to launch seven nature-based projects within the next five years in Southeast Asia.
Read MoreVCM Report: Offset prices slip lower to erase August gains
Offset prices slipped lower over the past week, wiping out August’s gains, and eroding hopes the voluntary carbon market was escaping the clutches of the inflation-induced global economic slowdown.
Read MoreAustralia Market: Terra Carbon, EDL earn big ACCU batches
The number of newly minted Australian Carbon Credit Units (ACCUs) rose again this week with Terra Carbon and EDL LFG securing most of the new volume, while spot market prices for Australian offsets barely budged during the period.
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