Bahamas govt drafts exchange legislation in drive to become global centre for carbon trading
The Bahamian government is drafting legislation to establish a carbon exchange on the archipelago, in its campaign to become a “global centre” for emissions trading.
Read MoreOffset ratings agency puts two afforestation projects on “ratings watch”
Two Gold Standard-accredited reforestation projects have been placed on watch for a potential change in their grading by a carbon credit ratings agency in its latest update.
Read MoreColombia’s election result points to potential fossil fuel policy shift
Gustavo Petro, a former guerrilla rebel who spent two years in jail, has won Colombia’s presidency, promising substantial changes including oil & gas policy reform and climate justice.
Read MoreVCM Report: Nature volumes soar and prices plunge as market scrambles to offload risk
The sell-off across standardised verified emissions reduction credits (VERs) continued as traders moved to offload nature offsets over the past week, pressuring prices to lows last seen mid-autumn while volumes soared to record levels across several futures markets.
Read MoreUN negotiators appoint supervisors for global carbon market mechanism
The UN’s new centralised market mechanism has confirmed appointments to its Supervisory Body, unlocking the opportunity to get started on a heavy workload that will help set the rules of government-level emissions trade in the Paris Agreement era.
Read MoreUN talks bring climate damage to the fore ahead of Egypt summit
Rich-to-poor payments for climate-related harm is set to be the focus of year-end UN climate negotiations, experts said on Thursday as interim talks wrapped in Bonn amid concerns over whether voluntary carbon market infrastructure should feature in a new global emissions trading regime.
Read MoreUN climate talks outline steps needed to advance global carbon markets
UN climate negotiations in Bonn have outlined several technical issues that need to be addressed to advance government-level emissions trade, including infrastructure to track trade, accounting practicalities, and other issues that also have implications for the voluntary carbon market (VCM).
Read MoreVCM Report: Market wobbles as draft buyer standards and recession fears further weaken prices
Standardised voluntary emission reduction (VER) credits returned to losses as participants scrambled to adjust positions following the publication of a set of draft buyer standards, amid a broader bearish outlook for prices due to wider macroeconomic weakness.
Read MoreEighty five nations seek ‘share of proceeds’ from voluntary carbon market
Some 85 vulnerable countries are urging the voluntary carbon market to apply principles from the Paris Agreement’s Article 6 emissions trading rulebook, including shaving off a share of credit issuance proceeds to help them cope with a warmer climate.
Read MoreNodal Exchange, IncubEx include CERs in upcoming voluntary product suite launch
Commodity trading platform Nodal Exchange and environmental products developer IncubEx will add CDM credits with different vintage definitions and other novel renewable energy contracts to their upcoming launch of voluntary carbon futures and options products, the companies said Tuesday.
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