South Pole appoints sustainable finance expert as new CEO
Large voluntary carbon project developer and investor South Pole has appointed the former head of sustainable finance at HSBC as its new CEO, the firm announced Wednesday.
Read MoreVCM Report: Second oil major makes a splash in retirement of voluntary carbon credits
A huge number of African REDD voluntary carbon credits were retired by an oil and gas major last week, but spot activity was thin and trading generally lacklustre as prices kept steady.
Read MoreArticle 6.2 carbon deals gathering pace despite setback in Dubai
Bilateral sovereign carbon credit trade is rolling forward despite the unravelling of Article 6 negotiations at COP28, a webinar heard Wednesday.
Read MoreImproved forest management methodologies present high risk of over-crediting, says think tank
Several improved forest management (IFM) methodologies present a high risk of overstating emissions impacts, according to factsheets released Wednesday alongside a new set of carbon credit quality scores by a German think tank in partnership with NGOs.
Read MoreVCM Report: Integrity drive undermined by large trade in near-worthless voluntary carbon credits
Prices barely moved last week and trade thinned to curtail some early exuberance of a revival of the voluntary carbon market this year after a trough in the second half of 2023, although retirement levels remained healthy.
Read MoreVoluntary carbon standard ditches old UN crediting methodologies, focuses on nature
A voluntary carbon standard has announced it will exclusively focus on nature-based solutions and discontinue the eligibility of Clean Development Mechanism (CDM) methodologies under its banner.
Read MoreWeb3 company plots recovery in tokenised carbon credits amid ICVCM integrity drive
One of the largest Web3 firms in the voluntary carbon market is planning a rebound in tokenising carbon credits on the back of the ICVCM’s Core Carbon Principles (CCPs) stamp of high integrity.
Read MoreUN carbon markets proposals include REDD+ provisions as part of sustainable development tool
The Article 6.4 Supervisory Body, mandated to shape the rules governing carbon crediting under the Paris Agreement, will come together to discuss several procedural mechanisms and the role of a centralised registry at the end of February, as observers noted with surprise a developed appendix dedicated to REDD+ activities in one of the draft documents published ahead of the meeting.
Read MoreVCM Report: Voluntary carbon market struggles for direction awaiting CORSIA and ICVCM clarity
Standardised voluntary carbon market prices continued on a sideways trajectory last week as participants mulled the work being done by the Integrity Council for Voluntary Carbon Markets (ICVCM), while also awaiting clarity on which units will be eligible for the current CORSIA phase.
Read MoreGrievance mechanisms too limited in voluntary carbon market, Article 6, stakeholders argue
Community members claiming violations of ethical principles face limited support in both the voluntary carbon market and Article 6 of the Paris Agreement, according to community leaders and observers.
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