Almost 350,000 offsets used against subnational Mexican carbon tax -official
Almost 350,000 tonnes worth of carbon offsets have been used against the carbon tax of a Mexican state, according to an official presenting a report by the environmental market platform of the Mexican Stock Exchange on Wednesday.
Read MoreVCM Report: Shell and signs of a REDD revival dominate voluntary carbon market
Shell’s ongoing retirement spree and signs of a REDD revival for fresh vintage credits dominated voluntary carbon market activity over the past week.
Read MoreUPDATE – Shell retires 3 million carbon credits in a day to keep December pace going
Oil major Shell has continued to retire high numbers of carbon credits this week, maintaining the market-leading pace it set in December that was enough to see the year’s total on major registries top the levels of the previous year.
Read MoreVCM Report: Split between old and new voluntary carbon market emerges to start year
The year has kicked off with strong divergence between what many regard as the old and new versions of the voluntary carbon market, even before the emergence of the first credits labelled with the ICVCM’s Core Carbon Principles (CCPs) stamp of high-integrity approval.
Read MoreCarbon credit retirements for 2023 set to match 2022 levels, defying fears of dented voluntary market confidence
Voluntary carbon credit retirements have almost reached the same level as a year earlier with just days remaining in 2023, boosted by a surge in activity by an oil major early on Friday.
Read MoreVCM Report: Carbon credit retirements surge late in year, with older and cheap units favoured
A surge in retirement of carbon credits last week set voluntary demand on course to match 2022 levels, while trading volumes were boosted by rock bottom prices for pre-2018 REDD avoided deforestation credits as more onerous disclosure requirements loom.
Read MoreVCM Report: Bargain hunting starts to slow trade before end of the year
Bargain hunting dominated the voluntary carbon market (VCM) last week where activity started to slow down for the year, despite the emergence of the first correspondingly adjusted credits that are expected to create a new tier of trading.
Read MoreCOP28: Brazil climbs, UK slips in latest climate change performance index
Brazil has climbed up 15 spots due to progressive climate policies, while the UK slipped back by nine ranks due to policy rollback, in a report published this week alongside COP28, which found no country was on track to limit global warming in line with the Paris Agreement.
Read MoreVCM Report: Brisk carbon credit trade like the ‘old days’, as COP28 fires up confidence in future
Carbon credit trade remained brisk in the voluntary market in the last week of November amid end of year covering, although the REDD sector continued to cast a shadow over the brighter future promised by the headlines emerging from COP28 in sunny Dubai.
Read MoreCOP28: Global securities watchdog group proposes suite of good practices for voluntary carbon markets
A global group of securities regulators has taken steps to address challenges and vulnerabilities in voluntary carbon markets (VCMs), focusing on strengthening market integrity, transparency, and reliability by proposing a suite of good practices.
Read More
