Myanmar submits revised Paris pledge strong on REDD, including Article 6 programme
Myanmar has submitted a revised NDC to the UN featuring its first mitigation goals and specifically referencing a South Korean programme it intends to develop under the Paris Agreement’s Article 6 international trading provision.
Read MoreVCM Report: VER bull run peters out as participants question rapid rise
Standardised voluntary emissions reduction (VER) values retraced from record highs on the spot and futures markets last week, as traders and project developers thought the swift rise in voluntary carbon market (VCM) prices over the late summer months was due for a step back.
Read MoreSecond forest carbon investment fraudster handed extended UK jail sentence for failing to repay £10 mln
A second member of a gang of Oxbridge-educated forest carbon investment fraudsters has been handed another decade in a British jail for failing to repay £10 million in ill-gotten gains.
Read MoreVCM Report: CORSIA-eligible credits surpass $5 as futures volume doubles
Standardised voluntary emissions reduction (VER) values soared to new heights over the past week as transacted volume accelerated, while voluntary carbon market (VCM) participants noted offset prices on the non-standardised, over-the-counter market were also rising in tandem with exchange-traded products.
Read MoreS&P Global Platts adds four new voluntary carbon credit assessments
Commodity price reporting agency S&P Global Platts announced the launch of four new voluntary carbon offset assessments on Tuesday, differentiating some credits between GHG reductions and removals while adding a tech-based category.
Read MoreVCM Report: VER values gap higher as futures volume explodes
Standardised voluntary emissions reduction (VER) prices surged to new records once again over the past week, as futures volumes spiked amid a reported groundswell in voluntary carbon market (VCM) activity from new financial players and fossil fuel companies.
Read MoreTech sector seen paying above $100/t for offsets to help scale removals
The tech sector favours expensive carbon removals as part of its voluntary climate action to help drive essential technologies to scale, according to a new intermediary focused exclusively on sourcing those types of carbon credits.
Read MoreMore countries plan to participate in carbon markets under revised Paris pledges
Over four-fifths of countries with revised Paris emissions pledges plan to participate in international carbon market mechanisms, according to think-tank WRI, comparing countries’ revised and original pledges while still finding a yawning gap to global warming goals.
Read MoreOxfam urges tougher line on ‘implausible rates’ of nature offsetting
Governments and companies are relying too heavily on nature offsets, distracting from urgent emissions reductions and risking global food security, according to a report published Tuesday by development charity Oxfam.
Read MoreVCM Report: VER bull run storms ahead, CME logs inaugural trades of nature-based offset futures
Voluntary emissions reduction (VER) prices across multiple product categories in the voluntary carbon market (VCM) extended record highs this week, as CME Group’s nature-based carbon offset futures contract transacted for the first time on Monday.
Read More