Ever Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes
A new Greek startup, inspired by the beached cargo ship that briefly blocked the Suez Canal, is floating the idea of generating carbon offsets from the incident and other similar events that feature disruptions to global trade or transport, including the movement of fossil fuels.
Read MoreUPDATE – Middle East carbon standard approved as newest CORSIA offset programme
The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.
Read MoreSouth Africa proposes tougher 2030 emissions target for revised NDC
South Africa’s government has proposed to tighten its 2030 emissions target by almost a third as part of a revised Paris Agreement pledge that sets out intentions for the export of correspondingly-adjusted carbon credits.
Read MoreVCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness
Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.
Read MoreVER suppliers still subject to unbalanced scrutiny on carbon credits -developer
Voluntary emissions reduction (VER) generators are still facing disproportionate levels of scrutiny compared to the behaviours of corporate buyers, despite efforts of project proponents to work with communities and incorporate more social and economic goals, a REDD+ developer said Wednesday.
Read MoreVCM Report: VER prices converge, while CORSIA credit premium emerges
Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.
Read MoreEXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market
Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.
Read MoreLatest carbon market ETF sees managed assets more than triple year-to-date
Total assets under management by the newest carbon market ETF have more than tripled since the start of the year, in a further sign of investors rushing to gain exposure in this burgeoning asset class.
Read MoreThree standards vie for eligibility in third round of CORSIA aviation offset scheme approvals
Three mainly forestry-related offset standards are seeking eligibility in the third round of applications under ICAO’s CORSIA aviation carbon trading scheme.
Read More“Forceful, abrupt” international climate action response to birth US carbon price by 2025 -experts
Delayed efforts to combat climate change will result in a “forceful, abrupt, and disorderly” response by governments by 2025, which combined with protectionist policies will see the US introduce a national carbon pricing system by that date.
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