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VCM Report: Nature-based offsets take brunt of slide in prices

Published 17:13 on October 17, 2022  /  Last updated at 17:13 on October 17, 2022  / /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Carbon credit prices continued to retreat over the past week as financial gloom deepened and as participants awaited further clarity from next month’s UN climate talks over how the market will integrate with the Paris Agreement.

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CARBON FORWARD 2022: London favours keeping VCM distinct from Paris Agreement

Published 13:51 on October 17, 2022  /  Last updated at 16:19 on October 17, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

The voluntary carbon market (VCM) should remain distinct from the sovereign market of the Paris Agreement, a consortium of London players have argued ahead of crunch UN talks at COP27 in Egypt next month.

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CARBON FORWARD 2022: FEATURE – Where are the buyers? Missing demand for voluntary offsets befuddles market stakeholders

Published 02:55 on October 15, 2022  /  Last updated at 12:10 on October 16, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary

Conversations around missing demand echoed in the hallways of London’s Royal Institution on Friday, the final day of this year’s Carbon Forward conference, where navel-gazing voluntary carbon market participants opined over the myriad of possible reasons, which included a souring global economy, the increased reputational risk linked to using offsets, and confusion and frustration over a reforming process meant to make the market less confusing and frustrating.

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CARBON FORWARD 2022: Compensating fossil fuel shipments to whittle down offset surplus

Published 22:56 on October 14, 2022  /  Last updated at 23:00 on October 14, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary

The surplus of voluntary offsets globally could be quickly whittled away by a rising tide of companies seeking to compensate commodity shipments, a conference heard Friday.

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Sovereign forestry credit platform parts ways with leading offset marketplace

Published 20:30 on October 13, 2022  /  Last updated at 21:16 on October 13, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary

Sovereign REDD forestry conservation platform REDD.plus has lost its connection with one of the largest marketplaces in the voluntary carbon market (VCM) after three years of partnership.

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CARBON FORWARD 2022: Ready or not, here CBAM comes, say the experts

Published 18:02 on October 13, 2022  /  Last updated at 18:18 on October 13, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US

The EU carbon border adjustment mechanism (CBAM) has already passed too many regulatory hurdles for any significant policy U-turn, experts at the Carbon Forward conference said on Thursday.

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Voluntary CCO retirements pick up while California carbon market deadline approaches

Published 00:18 on October 13, 2022  /  Last updated at 00:26 on October 13, 2022  / /  Americas, Canada, International, Mexico, US, Voluntary

California compliance offset issuances ticked slightly upwards this week ahead of the state’s interim cap-and-trade compliance deadline, while entities voluntarily retired more credits over Q3, according to state data published Wednesday.

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CARBON FORWARD 2022: Gabon boasts potential to scale, co-benefits in forthcoming massive REDD credit issuance

Published 19:32 on October 12, 2022  /  Last updated at 22:45 on October 12, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary

Gabon’s upcoming massive issuance of carbon credits comes with extensive co-benefits and the ability to scale, the nation’s environment minister Lee White said on Wednesday.

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Shaken VCM Integrity Council should be wake up call to US regulators -researchers

Published 18:28 on October 11, 2022  /  Last updated at 10:00 on October 12, 2022  / /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary

Given a scathing review of the Integrity Council for the Voluntary Carbon Market’s (ICVCM) core carbon principles and assessment framework from the market’s biggest actor, the US government needs to step in with safeguards against poor quality credits, a research group argued.

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GCC doubles carbon credit issuances as standards body starts to ramp up

Published 18:26 on October 10, 2022  /  Last updated at 18:26 on October 10, 2022  / /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary

The Global Carbon Council (GCC) issued 235,000 carbon credits on Monday, more than doubling its tally so far, as the standards registry starts to work through a large pipeline of projects.

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