Kyoto Mechanisms

Spot exchange CBL plans carbon offset contract aligned with TSVCM principles

Published 16:13 on October 28, 2021 / Last updated at 16:13 on October 28, 2021 / Matthew Lithgow / Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary

ESG commodities marketplace Xpansiv’s CBL platform on Thursday said it will introduce a new standardised voluntary emissions reduction (VER) contract based on initial principles recommended by the Taskforce on Scaling Voluntary Carbon Markets (TSVCM).

VCM Report: Exchange-traded VER prices notch new highs as traders absorb bumper supply

Published 22:39 on October 25, 2021 / Last updated at 02:47 on October 26, 2021 / Matthew Lithgow / Africa, Americas, Asia Pacific, Aviation/CORSIA, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary

Standardised voluntary emissions reduction (VER) prices for CORSIA- and nature-based units trended up towards fresh record highs on exchanges this week, with voluntary carbon market (VCM) participants citing involvement by speculative firms and crypto traders for the increase.

Researchers find CDM transition unlikely to raise ambition, as Brazil shifts stance

Published 19:13 on October 22, 2021 / Last updated at 13:04 on November 13, 2021 / Ben Garside / Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Paris Article 6

Few CDM projects could deliver genuine abatement if allowed to transition into the Paris Agreement regime though scant pre-2020 credits may be available anyway, researchers found, as pro-transition Brazil has reportedly softened on insisting on a carryover.

South Korea eyes bilateral carbon credit deals with four nations

Published 11:44 on October 19, 2021 / Last updated at 22:31 on November 23, 2022 / Stian Reklev / Americas, Asia Pacific, Climate Talks, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, South Korea, Voluntary

South Korea is in negotiations over bilateral carbon credit cooperation with four countries, with one framework agreement already signed, government documents showed.

Shell predicts threefold growth in voluntary carbon market

Published 23:10 on October 18, 2021 / Last updated at 16:04 on March 11, 2022 / Ben Garside / Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Shipping, Voluntary

Oil major Shell expects trading in the voluntary carbon market to increase by around threefold to 1.1 billion tonnes of CO2e a year by 2030, though rising corporate demand could exceed supply within a few years due to a lack of high-quality projects.

VCM Report: VER price slump deepens as issuance pressure builds

Published 20:47 on October 18, 2021 / Last updated at 00:42 on October 19, 2021 / Ben Garside / Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary

Standardised, CORSIA-grade voluntary emissions reduction (VER) prices came under further pressure this week, consolidating the downturn of a week earlier amid signs of a ramp-up in issuances.

Russia sets MRV rules, eyes verifier network for domestic carbon market

Published 18:11 on October 18, 2021 / Last updated at 18:11 on October 18, 2021 / Carbon Taxes, CBAM, EMEA, EU ETS, International, Kyoto Mechanisms, Other APAC, Voluntary

The Russian government has taken more steps towards the development of a domestic carbon market, including setting MRV rules for companies and establishing a network of internationally-recognised emissions auditors.

ETS sectors face tough task as South Korea adopts stronger 2030 target

Published 13:41 on October 18, 2021 / Last updated at 13:44 on October 18, 2021 / Stian Reklev / Asia Pacific, Climate Talks, International, Kyoto Mechanisms, Paris Article 6, South Korea

South Korea on Monday as expected approved its upgraded 40% emissions reduction target by 2030, which contains steep cuts for sectors in the emissions trading scheme and a shared role for government and the private sector in buying carbon credits from abroad.

Brazilian businesses urge government to yield on Article 6

Published 15:22 on October 14, 2021 / Last updated at 15:22 on October 14, 2021 / Ben Garside / Americas, Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary

A Brazilian business organisation is urging the government to give up its opposition to fully applying corresponding adjustments on exported carbon credits, potentially easing the path to a deal on the Paris Agreement’s Article 6 rulebook next month.

Now or never: CDM developers eye issuance rush before door closes

Published 13:00 on October 12, 2021 / Last updated at 14:44 on March 3, 2022 / Stian Reklev / Asia Pacific, China, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, Voluntary

A number of CDM developers are planning a rush of CER issuances to benefit from slightly higher prices and to get them off their books before potential UN decisions leave the units worthless.

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