South Korea targets bilateral market to secure international credits under Paris
South Korea plans to do its purchasing of international credits under Article 6.2 of the Paris Agreement, according to government documents, potentially ruling out the option of incentivising private sector players to buy some of the volume under mechanisms such as the CDM.
Read MoreVCM Report: CORSIA-eligible VERs plummet to 1.5-mth low
Standardised, CORSIA-grade voluntary emissions reduction (VER) prices trended lower over the past week, though the losses in the exchange-traded products accelerated on Monday as traders pondered reasons for the sell-off.
Read MoreJournalist turned analyst joins offset raters BeZero
A former journalist has joined offset ratings service BeZero as its head of carbon markets research.
Read MoreCORSIA must stay relevant to remain lone global aviation CO2 pricing mechanism -panel
UN body ICAO must respond to more ambitious climate goals from countries and industry for its CORSIA programme to remain the sole market-based mechanism for global air travel and avoid a patchwork system of multiple carbon pricing policies, a panel heard Thursday.
Read MoreSouth Korea weighs another increase in 2030 emissions target
South Korea is likely to bump up its 2030 emissions target again, according to domestic media reports, just weeks after the previous increase, with most of the additional commitment likely to be met through purchasing credits from abroad.
Read MoreFEATURE: Carbon traders, analysts face recruitment frenzy amid global market boom
Record carbon permit prices and the emergence of new emissions trading markets around the world are leading to a surge in demand for emissions traders and analysts, with multinational banks, oil majors, and commodity merchants stopping at nothing to poach top staff and aggressively build out their desks.
Read MoreVCM Report: VER issuances, retirements double in third quarter over 2020 levels
Voluntary carbon market (VCM) prices largely held steady or ticked up over the past week, while registry data showed voluntary emissions reduction (VER) issuances and retirements more than doubled in Q3 when compared to last year.
Read MoreJamaican expert panel calls for Caribbean carbon price
There is merit in a Caribbean carbon pricing regime, the Jamaican Economy Panel (JEP) of economic and public sector experts from the region said this week, providing guidance on how the policy should be designed to safeguard vulnerable households.
Read MoreCarbon trading on the agenda as Italy musters governments for pre-COP climate meeting
Ministers from up to 50 nations will gather in Milan later this week to thrash out a way forward for November’s crunch UN COP26 climate talks in Glasgow.
Read MoreAfrican nations need to get ready for Paris’ market-based Article 6, say officials
The Paris Agreement’s Article 6 will “look very different” for carbon markets compared to the CDM under the predecessor Kyoto Protocol, said speakers at Africa Climate Week on Tuesday, emphasising that the region will need to take several steps to prepare.
Read More