California mints 260k new offsets with DEBs-eligible ODS projects netting the bulk
California regulator ARB issued more than 260,000 new offsets this week, with the ozone-depleting substance (ODS) protocol accounting for the majority of these and with all qualifying as providing direct environmental benefits to the state (DEBs), according to data published Wednesday.
Read MoreINTERVIEW – Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.
Read MoreLessons from no deforestation movement helping to shape investors’ views on net zero
Investors networks are increasingly adding interim targets and flexibility into frameworks to evaluate the validity of corporate net zero commitments, building on a decade of trial and error from the no deforestation movement, experts said.
Read MoreCalifornia offset issuance sinks to four-month low
California Carbon Offset (CCO) issuances hit a four-month low this week as state regulator ARB doled out fewer than 200,000 new credits, according to data published Wednesday.
Read MoreGreen Climate Fund commits $1.2 bln to new projects
The Green Climate Fund approved $1.2 billion in new funding to 15 projects at this year’s first board meeting, including programmes aiming to cut emissions by more than 420 MtCO2e over their life spans.
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.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreStrong rebound risks cancelling out COVID-era emissions drop -IEA
A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.
Read MoreWorld’s climate pledges falling far behind target, UN report shows
Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.
Read MoreCalifornia adds 930,000 new offsets as bulk of issuance comes from out-of-state projects
California doled out more than 930,000 compliance offsets across nine projects over the past two weeks, with the majority of the new issuances going to projects that do not provide direct environmental benefits to the state (DEBs), according to data published by state regulator ARB on Wednesday.
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