Major financial trade body calls for standardised accounting across carbon markets
A lack of specific accounting standards for carbon credit trading has led a major financial industry trade association to publish a whitepaper offering guidance for the treatment of such units.
Read MoreVast majority of world’s coal companies have failed to set exit dates -report
Around 95% of the world’s thermal coal value chain lacks a phaseout commitment and only half of those with exit dates have timelines aligned with the Paris Agreement, according to an NGO-compiled report published on Thursday.
Read MoreVCM Report: Carbon credit trade picks up in OTC market and for futures
Gears are shifting in voluntary carbon market volumes despite prices of many of the standardised contracts flatlining at very low digit levels, sources told Carbon Pulse on Monday.
Read MoreVCM Report: Diverse REDD pricing creates odd backwardation in nearby curve as CME’s N-GEO future tumbles
Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.
Read MoreVCM Report: Bounce in V18 standardised REDD contracts masks moribund market
A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.
Read MoreCalifornia introduces international initiative to address methane emissions
California on Wednesday announced an international climate initiative targeting methane reduction and mitigation, as seven signatories from six countries participated in the launch event at New York Climate Week.
Read MoreCountries make patchy progress on power sector decarbonisation amid signs of hope -analysts
Countries have made mixed progress in decarbonising their power sectors in line with Paris Agreement targets but there are some signs of hope, with finance key to developing countries meeting fossil fuel phase-out targets, according to research published on Tuesday.
Read MoreVCM Report: REDD sinks lower to add further gloom to the market
REDD avoided deforestation credits slipped lower last week to underline the lack of demand and reflecting an increasingly bleak voluntary carbon market as it waits the arrival of the ICVCM’s first batch of Core Carbon Principle labelled credits.
Read MoreOECD climate group to discuss national carbon pricing approaches, advance stocktake work at fall dialogue meeting
An OECD committee assembled to help improve the impact of emissions reduction efforts around the world through enhanced multilateralism will meet this autumn to discuss countries’ various carbon pricing approaches, as part of an initiative to take stock of global efforts, examine their effectiveness, and prevent carbon leakage.
Read MoreCarbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet
FREE READ – Carbon Pulse has increased its global team of reporters by nearly 50% in its largest hiring push to date, as the company channels significant investment into further strengthening the world’s premier carbon markets news service.
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