Vitol’s global carbon sales jump by a third amid UK, voluntary scale-up
Commodity trading house Vitol reported a 34% year-on-year increase in its carbon sales for 2021, it said in a report published this week.
Read MoreUN climate envoy Carney eyes government role in voluntary carbon markets
Governments should ultimately regulate the voluntary carbon market (VCM), UN climate and finance envoy Mark Carney said on Tuesday, while adding the private sector should still push on with standardising the market.
Read MoreVCM Report: VERs continue consolidation and edge sideways during quiet week
Prices for exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to consolidate over the last week as carbon credits across the board struggled to find clear direction with traded volumes weak amid wider macroeconomic uncertainty.
Read MoreCOMMENT: IETA Council Task Group on digital climate markets – Key findings and recommendations
The International Emissions Trading Association will set up a Task Force to produce guidelines for the development of digital technologies for the carbon offset industry, including tokenised carbon credits, aiming to bolster the environmental integrity and transparency of the emerging digital carbon sector.
Read MoreGulf-based carbon standard eyes 2022 issuance of 25 mln credits as pipeline clears
The first carbon credit standard in the Middle East expects to issue some 25 million offsets this year, as hundreds of projects build in its pipeline.
Read MoreTributes after senior UN, voluntary carbon markets negotiator dies
Tributes are pouring in for one of the developing world’s foremost climate negotiators, who died this week just days after advancing efforts to improve the environmental integrity of the voluntary carbon markets.
Read MoreVCM Report: Nature-based VERs crash below $8 before rapid rebound
Prices for exchange-traded, standardised voluntary emissions reduction (VER) contracts continued to unravel over the early part of the week as nature-based units dropped well into the single digits, though credit values shot back up in recent days alongside a rebound in global carbon allowance prices.
Read MoreColombian leader flags nation’s potential to be major player on offsets
Colombia has the potential to be a major global player in the international carbon market, President Ivan Duque told a conference on Monday, citing plans to develop nature-based credits for use at home and abroad.
Read MoreVCM Report: Exchange-traded VER prices extend downfall, while OTC market holds firm
Standardised, exchange-traded voluntary emissions reduction (VER) prices continued to plough multi-month lows this week amid a bearish trend in global carbon and equities markets, while voluntary carbon market (VCM) participants said values on the over-the-counter (OTC), project-specific market were holding up far better.
Read MoreVCM Report: VERs continue slide as Ukraine crisis compounds already-weak market
Voluntary emissions reduction (VER) prices on standardised, exchange-traded contracts continued to slump this week, with nature-tech and tech-based units extending multi-month lows, as an already-weak market came under further pressure amid the uncertainty created by Russia’s invasion of Ukraine.
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