UPDATE – Mexican lawmakers propose new VER market rules in wake of low-payment controversy
Two Mexican legislators on Thursday put forth an initiative that would require offset project operators to meet new social and environmental standards, with the draft legislation unveiled in the wake of a controversy earlier this year in which rural land holders were found to be paid well-below market rates for their offsets.
Read MoreCalifornia accelerates CCO issuance ahead of true-up deadline, but still lags 2021
California regulator ARB boosted its compliance offset distribution this reporting period before the Nov. 1 interim cap-and-trade compliance deadline, according to government data published Wednesday, though the year-to-date issuance still lags levels reached in 2021.
Read MoreFEATURE: UN climate summit to see “mainstreamed” push on pre-2021 carbon credits
A group of countries are likely to push for formal recognition of pre-2021 efforts to conserve and enhance global forests, hoping to mainstream the topic beyond technical negotiations at this year’s UN climate talks after seeing little success in initial offerings to the voluntary carbon market.
Read MoreGlobal standard for climate disclosure confirms inclusion of Scope 3 emissions
The International Sustainability Standards Board (ISSB) will include Scope 3 emissions in its forthcoming climate standard, recommending mandatory reporting of emissions associated with companies value chains, a controversial requirement that may not survive the US version.
Read MoreVER price rout continues amid economic woes and ICVCM uncertainty
Voluntary emissions reduction (VER) prices slid lower Thursday, extending a sell off this week, as a combination of the increasingly gloomy macro-economic picture combined with wider concerns over the integrity of the market.
Read MoreCarbon project developer beefs up digital analytics for forestry activities
A leading carbon project developer has partnered with three technology specialists to provide analysis into its forestry projects at a time of increased scrutiny into the quality of REDD+ and ARR credits.
Read MoreTrue value of climate finance is a third of what rich countries say -report
Flawed or misleading reporting is masking the considerable gap in international climate finance flows, according to a report by a development charity published on Wednesday, pointing to inflated numbers behind claims that are already falling short of financial promises.
Read MoreClimate change less important to developing world despite rising threat of ecological catastrophe -study
Climate change is largely a first world priority, while many poor and less developed countries, some facing the highest level of ecological threat from food insecurity, water shortages and natural disasters, rank many other issues higher, according to a study published on Wednesday.
Read MoreHigh intermediary markups dragging on voluntary carbon market development, warns report
Intermediaries and investor profits accounted for a third of the traded value in the voluntary carbon market (VCM) in 2021, claimed a report published on Tuesday that proposed a more developer-centric model to finance small and mid-sized projects.
Read MoreGreen-hushing: More companies choose to keep quiet about their climate ambitions
While ever more global companies are supporting their net zero emissions commitments with science-based pathways, one in four are keeping details on the downlow, according to a survey published Tuesday that points towards a new trend of “going green and then going dark”.
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