Oil and gas firms could be barred from credible climate claims guidelines
Many of the world’s largest oil and gas companies have committed to mid-century net zero emissions targets, but initiatives looking into the credibility of climate claims are abstaining their support over fears of backing greenwashing.
Read MoreInsurance products emerging to guard against Paris-era carbon market risks
Insurance mechanisms are emerging as a way to guard against policy reversal in carbon markets, where some say these products could mitigate the risk of government U-turns or other political risks associated with Paris-aligned emissions trade.
Read MoreCalifornia offset issuance hits two-year low, while DEBs prices rise
California regulator ARB distributed the smallest number of compliance offsets this week since spring 2020, while traders reported credits tagged with in-state benefits were seeing increasingly higher values than out-of-state units.
Read MoreVCM demand bulge for carbon removals needs integrity pairing -report
There are no durable CO2 removal credits being offered from projects issuing carbon credits in 2021-22 on the voluntary carbon market (VCM), according to a report that assesses trends across the four largest offset registries, and also points out other challenges with carbon offset supply.
Read MoreCarbon project developers search for interim solution to CDM freeze
Developers with projects registered under the CDM are urging regulators to unfreeze post-2020 carbon credits to make them eligible for the voluntary and domestic carbon markets, aiming to keep revenues flowing ahead of the completion of a new carbon crediting mechanism under the Paris Agreement.
Read MoreOffset ratings service to integrate with a second credit marketplace
A carbon credit marketplace and a global ratings agency for the voluntary carbon market (VCM) have teamed up with the aim of providing customers greater confidence in the quality of the units they buy.
Read MoreCarbon Pulse hires its way to record reporter headcount, doubles article output
(FREE READ) – Carbon Pulse has further boosted its coverage of regional and global carbon markets after completing a hiring drive that allowed it to welcome another four talented journalists, giving the unrivalled news provider a record staff size and doubled story count.
Read MoreSurge in corporate target-setting not matched by delivery –SBTi
The Science Based Target initiative (SBTi) released its third annual progress report on Thursday, releasing the figures tied to the groundswell of companies that are committing and setting robust climate targets, while also pointing out a lack of reporting on actually delivering on those targets.
Read MoreCalifornia offset issuance drops to 4-mth low, Quebec mints first credits this spring
California regulator ARB handed out the fewest number of compliance offsets this week since December, while Quebec’s environment ministry awarded its first batch of credits since February, according to government data published Wednesday.
Read MoreANALYSIS: Mapping carbon project pathways for Paris Agreement era
Once thought to be at death’s door, the UN’s Clean Development Mechanism (CDM) lingers in the Paris Agreement-era, although there is a deep well of complexity on how its credits may be issued and used – resulting in many project proponents jumping ship for clearer waters in the voluntary carbon market.
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