VCM Report: Interest rate hikes and dollar strength weighs on market
Standardised nature-based offsets slumped lower over the past week as the wider marco-economic gloom and the strength of the dollar weighed on the market.
Read MoreINTERVIEW: Mexico’s Queretaro state rolling out US$27 carbon tax next year
The Mexican state of Queretaro will implement the highest CO2 levy in Latin America next year, and is considering several offset protocols to allow emitters to buy credits in lieu of paying the tax, a government official told Carbon Pulse.
Read MoreFEATURE: Transition risks grow as climate lawsuits against governments accelerate
A record number of lawsuits against government climate action were filed last year, building pressure to bolster ambition and a move by vulnerable states to involve the International Court of Justice.
Read MoreLoose SDG claims could leave offset buyers duped, warns report
A lack of standardisation in framing Sustainable Development Goals (SDG) could leave buyers of offsets duped over the social, environment and economic benefits of a project in the voluntary carbon market (VCM), according to a report published on Thursday.
Read MoreGovernments to gather at COP27 to steer forest funding via new partnership
Moves are underway to cement a collective pledge by 141 countries to arrest and reverse deforestation by 2030 into a cohesive partnership at November’s COP27 UN climate conference in Sharm el-Sheikh that includes cooperation on carbon markets.
Read MoreVCM analytics firm signs deals with brokers to boost customer offering
A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.
Read MoreDanish startup unveils data-driven model for fast-tracking voluntary carbon credit issuances
A Danish startup this week unveiled a data-driven model to significantly fast-track voluntary carbon credit issuances.
Read MoreVCM Report: Dearth of fresh issuance lifts nature-based offsets, but liquidity still thin
A dearth of REDD recent-vintage issuance coupled with news of a slight year-on-year increase in offset retirement levels helped push up nature offset prices over the week, although liquidity remained thin.
Read MoreSalesforce introduces platform to buy rated carbon credits
US software giant Salesforce launched its Net Zero Marketplace on Tuesday, offering carbon credits vetted by third party ratings agencies while also announcing its inaugural providers and other partners.
Read MoreSupervisory Body narrows down fee levels for UN carbon credit mechanism
The appointed body overseeing the UN’s new carbon crediting mechanism began its second-ever meeting on Monday, with limited time remaining to shape recommendations before the Egypt COP27 UN climate talks this November, including on fee levels related to project registration and credit issuance.
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