EXCLUSIVE: Cookstove project developers poke holes in study alleging rife over-crediting
A consortium of offset developers is hitting back at a recent analysis alleging pervasive over-crediting by cookstove projects within the voluntary carbon market (VCM), pointing to what it calls doubts about the study’s reliability, in an open letter seen exclusively by Carbon Pulse.
Read MoreSBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
Read MoreVCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
Read MoreChile approves first offsetting projects eligible for paying national carbon tax
Chile officially approved the first eight carbon projects eligible for payment of its $5/tonne national carbon tax Wednesday, operationalising a new offsetting mechanism announced last year.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreDouble claiming risk at centre of CORSIA approval block on voluntary carbon standards
ICAO has requested that voluntary carbon standards account for the supply risk in the event of the double claiming of credits under CORSIA, as a condition for approving programmes in the current 2024-26 phase of the international aviation offsetting scheme, after no new issuing bodies were given the green light at a key meeting last week.
Read MoreANALYSIS: Ageing UN carbon projects eye voluntary carbon market opportunities in light of Article 6 delays
Projects from the UN’s Kyoto Protocol-era Clean Development Mechanism (CDM) are transitioning to the voluntary carbon market (VCM) in light of stalling Article 6 negotiations, experts have told Carbon Pulse, though some caution that opportunities may only be short term, and units could be a tough sell for some buyers.
Read MoreVCM Report: Low price trade dominates voluntary carbon market as liquidity thins ahead of CCPs arrival
Over-the-counter trade seems to have slowed in the voluntary carbon market and retirement levels have fallen ahead of the much-anticipated announcement at the end of the month of the first methodologies that will qualify for the Core Carbon Principles (CCPs) stamp of high integrity.
Read MoreKorean trading firm to expand its carbon credit business -media
A major trading firm in South Korea has decided to deepen its engagement in the voluntary market, with plans to sell carbon credits it earned from a hydropower plant in Indonesia, local media reported Thursday.
Read More