Kyoto Mechanisms

Israel to tax carbon from 2023

Published 22:13 on August 2, 2021 / Last updated at 22:13 on August 2, 2021 / Carbon Taxes, EMEA, International, Kyoto Mechanisms, Middle East, Voluntary

Israel will from 2023 introduce a carbon tax that the government said will be the “cornerstone” of the country’s new climate action plan.

Private equity firm Bridgepoint acquires stake in carbon traders ACT

Published 13:51 on July 30, 2021 / Last updated at 13:51 on July 30, 2021 / Ben Garside / Americas, Asia Pacific, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Kyoto Mechanisms, Nature-based, Paris Article 6, RINs & LCFS, UK ETS, US, Voluntary

Private equity investor Bridgepoint has bought a minority stake in Amsterdam-based environmental and energy commodities trading company ACT, which said the move will help expansion plans including more than doubling its headcount within five years.

Global voluntary carbon market initiative seeks to define credible buying strategies

Published 08:01 on July 29, 2021 / Last updated at 01:22 on July 30, 2021 / Ben Garside / Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary

A new global cross-stakeholder initiative aims to agree on how companies should use carbon credits and ensure the voluntary carbon market contributes to Paris Agreement goals.

Octogenarian Oxford grad returned to jail for not repaying profits from forest carbon investment fraud

Published 22:59 on July 27, 2021 / Last updated at 01:22 on July 28, 2021 / Bavardage, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, South & Central, Voluntary

An octogenarian Oxford alumnus has been handed a longer prison sentence for not complying with a confiscation order to repay ill-gotten gains from an investment fraud related to the reforestation carbon market.

Ministers to continue Article 6 talks through to Glasgow UN climate summit

Published 23:41 on July 26, 2021 / Last updated at 23:41 on July 26, 2021 / Ben Garside / Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Paris Article 6, Voluntary

Ministers from more than 50 countries will continue talks on key issues, including Article 6 international emissions trade, through to November’s COP26 UN climate summit, UK minister Alok Sharma said on Monday following an inconclusive two-day informal ministerial meeting in London.

VCM Report: VERs steady on upward path, as developers forgo forward contracts

Published 22:42 on July 26, 2021 / Last updated at 22:42 on July 26, 2021 / Matthew Lithgow / Africa, Americas, Asia Pacific, Australia, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary

Voluntary carbon market prices for nature- and non-nature-based credits rose once again this week, as project developers began shifting back to spot voluntary emissions reduction (VER) deals rather than forward contracts.

Israel unveils climate strategy seen as lacking ambition, missing key measures

Published 18:33 on July 26, 2021 / Last updated at 18:33 on July 26, 2021 / Carbon Taxes, EMEA, International, Kyoto Mechanisms, Middle East, Voluntary

Israel this weekend approved a plan to cut its mid-century greenhouse gas emissions by 85% below 2015 levels, but critics decried the strategy for missing key elements and for not going far enough.

Carbon exchange ACX integrates BeZero offset ratings to enhance buyer confidence

Published 14:09 on July 26, 2021 / Last updated at 14:30 on July 26, 2021 / Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, China, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Nature-based, Other APAC, South & Central, Voluntary

Emissions bourse AirCarbon Exchange (ACX) has integrated carbon offset ratings service BeZero onto its platform to provide credit buyers more confidence and transparency with regards to their purchases, the two firms announced Monday.

VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021 / Last updated at 22:51 on July 19, 2021 / Matthew Lithgow / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary

CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.

No soil carbon protocol guarantees high quality offsets -research

Published 23:41 on July 15, 2021 / Last updated at 23:44 on July 15, 2021 / Matthew Lithgow / Africa, Americas, Asia Pacific, Canada, China, EMEA, International, Kyoto Mechanisms, Other APAC, Paris Article 6, South & Central, US, Voluntary

None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.

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