VCM Report: VER prices nudge higher as traders see growing upside potential
Voluntary emissions reduction (VER) values largely extended their record highs over the past week, even as voluntary carbon market (VCM) participants thought some corporate buyers still weren’t accounting for upside risk in the rapidly expanding area.
Read MoreECOSYSTEM MARKETPLACE – Shades of REDD+: Corresponding Adjustments, Equity, and Climate Justice
The increasing commoditization of carbon markets makes us forget that behind these board room discussions, there is a real-world problem out there with the plight of real people at stake. While being an invention of the global north, carbon markets came with a great promise for us here in the South. The idea of backing voluntary claims with corresponding adjustments puts this promise at grave risk, writes Sandeep Roy Choudhury – Co-Founder of VNV Advisory Services, Co-Chair of the International Carbon Reduction and Offset Alliance (ICROA), and Director at the Carbon Initiative Forum.
Read MoreAustralia Market Roundup: Voluntary CER cancellations top 3.2 mln in May, as govt funds first DAC demonstration project
Australian companies retired a record 3.2 million CERs last month as the voluntary carbon market boom continues to primarily benefit international projects, while the government on Tuesday announced a funding package for CCS projects that included the nation’s first direct air capture (DAC) scheme.
Read MoreVCM Report: CORSIA-eligible offsets match record highs
Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).
Read MoreVER prices must rise 10-fold as credible supply seen limited -report
Voluntary emissions reduction (VER) prices must surge 10-fold this decade to drive meaningful climate action, otherwise buyers risk being accused of greenwashing by purchasing carbon offsets too cheap to deliver genuine GHG cuts, according to research published Friday.
Read MoreMoscow Exchange and VTB to launch Russian carbon marketplace, as Putin makes climate pledges
Moscow Exchange and Russia’s second-largest bank VTB signed an agreement to develop a carbon marketplace, the two companies announced on Thursday, as President Vladimir Putin made a series of pledges towards developing the country’s climate-focussed industries and attracting new foreign investment.
Read MoreVCM Report: VER values continue to rise on low-cost credit demand
Voluntary emissions reduction (VER) prices this week maintained their upward trajectory seen over late spring, with voluntary carbon market (VCM) participants continuing to attribute the uptick to large buyers scooping up low-cost renewables credits.
Read MoreRussia preparing carbon trading measures to absolve it from “unfriendly” EU protectionism -official
Russia is rolling out new domestic voluntary carbon offset rules and is considering extending its embryonic emissions trading scheme nationally in order to have its climate efforts recognised internationally, a high-level official said Tuesday, which should thereby spare the country from “unfriendly” protectionist actions such as EU border measures.
Read MoreEU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends
Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.
Read MoreWorld sees 18% increase in global carbon pricing revenue in 2020 -World Bank
Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Tuesday by the World Bank.
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