Voluntary carbon demand plummets for fossil fuel shipments in Q1 -report
The oil and gas market shunned buying voluntary carbon credits to offset fossil fuel shipments in Q1 as fuel prices spiked in the lead up to the war in Ukraine, analysts said in a report published on Wednesday.
Read MoreNine more UK ETS trading accounts opened since mid-February
At least nine more non-compliance trading accounts have been opened in the UK Emissions Trading Scheme in the past two months, government data shows.
Read MoreVCM Report: Buyers continue shift towards nature-based units amid quality focus, crypto slowdown
Voluntary emissions reduction (VER) prices largely stagnated this week with the exception of nature-based units, as voluntary carbon market participants reported a continued shift away from lower-cost offsets from China and India.
Read MoreTwo CORSIA-approved offset programmes snub bid for post-2023 eligibility
Two carbon crediting programmes already approved for the CORSIA global aviation offset mechanism did not apply for eligibility after the scheme’s pilot phase concludes, according to data published by UN body ICAO’s Technical Advisory Body on Thursday.
Read MoreCOMMENT: The voluntary carbon market needs ratings agencies
A new breed of ecosystem asset ratings agencies is needed to scale ecosystem markets. Their role is to fuse incentives in capital markets with conservation outcomes, and to generate huge opportunities for wealth creation, says Mani Gangadharan Venketachalam, President, BeZero Carbon.
Read MoreVCM Report: Nature-based VERs continue rebound after bearish ‘blip’ in March
Prices for nature-based exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to rebound over the last week as buying interest remained strong for a second consecutive week in April after a bearish March.
Read MoreMicrosoft’s climate fund takes stake in African offset developer
US tech giant Microsoft’s climate innovation fund has made an equity investment in an Africa-based carbon credit developer, alongside a group of venture capital and family office investors.
Read MoreVCM Report: “Green shoots of recovery” for VERs, as Q1 retirements spike
Buying interest for exchange-traded, standardised voluntary emissions reduction (VER) contracts picked up over the last week as nature-based credits led a market-wide rebound after several weeks of uncertainty and price consolidation.
Read MoreEXCLUSIVE: Oil major boosts global net zero hopes with carbon NFT
An Australian oil and gas company has unveiled plans to cut its emissions to zero by turning them into non-fungible tokens (NFTs), fuelling global hopes that the world can accelerate GHG cuts with the cryptocurrency approach, which analysts say can generate around 50 billion offsets per year.
Read MoreMENA regional VCM viewed as a distant prospect despite momentum
A Middle East and North Africa (MENA) voluntary carbon market is several years away from gaining traction despite burgeoning interest and a string of net zero pledges by countries and corporates, according to multiple stakeholders.
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