Major financial trade body calls for standardised accounting across carbon markets

Published 01:08 on October 20, 2023  /  Last updated at 01:09 on October 20, 2023  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary

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 More

Vast majority of world’s coal companies have failed to set exit dates -report

Published 18:19 on October 19, 2023  /  Last updated at 18:21 on October 19, 2023  / Emanuela Barbiroglio /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland

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 More

VCM Report: Carbon credit trade picks up in OTC market and for futures

Published 18:50 on October 9, 2023  /  Last updated at 20:45 on October 9, 2023  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary

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 More

VCM Report: Diverse REDD pricing creates odd backwardation in nearby curve as CME’s N-GEO future tumbles

Published 17:53 on October 2, 2023  /  Last updated at 17:53 on October 2, 2023  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

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 More

VCM Report: Bounce in V18 standardised REDD contracts masks moribund market

Published 17:48 on September 25, 2023  /  Last updated at 18:17 on September 25, 2023  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Paris Article 6, South Korea, Switzerland, US, Voluntary

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 More

California introduces international initiative to address methane emissions

Published 22:14 on September 21, 2023  /  Last updated at 23:48 on September 21, 2023  / Bijeta Lamichhane /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Other APAC, South & Central, US

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 More

Countries make patchy progress on power sector decarbonisation amid signs of hope -analysts

Published 15:00 on September 19, 2023  /  Last updated at 19:14 on September 18, 2023  / Susannah Rodgers /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Japan, Mexico, Other APAC, US

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 More

VCM Report: REDD sinks lower to add further gloom to the market

Published 18:05 on September 11, 2023  /  Last updated at 18:05 on September 11, 2023  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary

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 More

OECD climate group to discuss national carbon pricing approaches, advance stocktake work at fall dialogue meeting

Published 00:22 on September 9, 2023  /  Last updated at 00:22 on September 9, 2023  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

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 More

Carbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet

Published 01:28 on September 7, 2023  /  Last updated at 23:24 on November 1, 2023  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Biodiversity, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary

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.

Read More