VCM Report: Rally in nature-based offsets widens spread above renewable and technology credits
Standardised nature-based offsets rallied over the past week last week to extend a recent trend and catch up with over-the-counter trades, but there was little uplift in renewable or technology credit prices.
Read MoreCOMMENT: The Rise of Co-Benefits
Co-benefits are slated to play a critical role in voluntary carbon markets, but only if they can evolve, writes David Chen, program development manager at ClimeCo.
Read MoreVCM Report: Nature-based curve stretches out amid demand for new vintages
VERs were steady for prompt and nearby offset prices this week, maintaining the uptick seen at the end of the previous week, while later dated vintages for nature-based credits climbed higher.
Read MoreCOMMENT: Seeing the forest for the trees – How companies and countries can meet the challenge of REDD+
It is possible to scale the carbon markets fast and well, argues Carbon Growth Partners’ Charles Bedford. To do so, companies must stay focused on project quality, and countries must collaborate better.
Read MoreAustralia Market Roundup: Commonwealth Bank outlines sectoral emissions targets, as ACCU issuance slides
Australia’s Commonwealth Bank on Wednesday set targets for reducing its financed emissions in some carbon intensive sectors, while the weekly number of newly minted Australian Carbon Credit Units (ACCUs) fell to around 300,000.
Read MoreIndian carbon developer EKI share price drops on confusion over carbon credit export ban
The share price of Indian carbon offset developer EKI Energy Services slumped by nearly 20% on Wednesday in the fallout from India’s energy minister stating that the country would not export any carbon credits until it has met its international climate commitments.
Read MoreUPDATE – Minister says India will not export carbon credits as parliament passes crucial bill
As the Indian parliament on Monday evening passed the bill establishing a domestic voluntary carbon market, Energy Minister Raj Kumar Singh said carbon credits will not be eligible for exports, but did not specify if the restrictions were limited to offsets generated under the new mechanism.
Read MoreChinese firms seek CDM crediting for hydrogen infrastructure
A Chinese hydrogen company has teamed up with the country’s biggest state-owned wind power producer and main carbon exchange to register a new hydrogen baseline and monitoring carbon crediting methodology under the CDM.
Read MoreANALYSIS: Energy, industrial, and aviation firms tend to pay below-average for carbon credits
Companies active in the energy, heavy industry, and aviation sectors tend to pay below-average for their carbon offsets, according to retirement data collated by a climate analytics firm, while car manufacturers and tech firms have historically purchased credits at a higher price than most others.
Read MoreFEATURE: Scramble for arms to threaten global net zero goals
The escalation of war in Europe and in other regions may hamper efforts to slash planet-warming gases, as newly beefed-up defence spending risks driving sectoral emissions to record highs.
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