Untangling the web: The knotty issues raised within ICVCM consultations
Complex issues have already been raised on the first day of consultations on the Integrity Council (IC) draft requirements to define robust carbon credits in the voluntary carbon market (VCM), with ICVCM chair Annette Nazareth elaborating on the quasi-regulatory nature of the group.
Read MoreIntegrity Council releases its draft Core Carbon Principles for the VCM
A draft of the highly-anticipated Core Carbon Principles (CCPs) was released Wednesday, seeking to guide the integrity of carbon credits within the voluntary carbon market (VCM) – while also providing a framework of requirements to assess and ‘CCP-approve’ carbon-crediting programmes and credit types.
Read MoreQuality conundrum: How carbon credit ratings agencies reach for trust
The landscape of carbon credit rating agencies continues to build pace, with new services springing up to help buyers navigate the complex world of voluntary carbon credits, including by determining which projects offer climate-champion attributes versus those that add reputational risk to corporate claims.
Read MoreFirst voluntary offsets project partnership launched for produce growers
A global offset developer and a North American farming financier launched on Tuesday an industry-first programme for produce growers of primary crops to participate in the voluntary carbon market (VCM).
Read MoreLoss and damage “shield” to be launched at COP27 -Petersberg Climate Dialogue
Germany confirmed details of its proposed “global shield” on Tuesday, aiming to “acknowledge” and “address” loss and damage caused by climate change impacts on the world’s most vulnerable countries, while the nation also announced a new partnership to import natural gas and hydrogen.
Read MoreAustralia and Pacific Island UN COP could be held as early as 2024
National leaders have welcomed Australia’s proposed bid to jointly host the UN’s annual climate conference in partnership with Pacific Island countries as early as 2024, propelling the proposal through to the next stage in the process.
Read MoreANALYSIS: More than 100 mln sovereign forest credits set to reach VCM by autumn
Governments from tropical forest countries are poised to issue more than a hundred million sovereign carbon credits, which are slated to hit the voluntary carbon market (VCM) this autumn – adding significant weight to a forest credit inventory that historically derived from a scattering of smaller-scale projects.
Read MoreZero-emissions economy could still use 9 million barrels of oil per day -report
The world could still burn nine million barrels of oil a day and substantial amounts of gas under a mid-century net zero scenario if carbon capture use and storage (CCUS) was more quickly deployed at scale, according to analysis published on Wednesday.
Read MoreGreen banking firm partners with startup investor on carbon credit projects in emerging markets
A fast-growing green fintech firm struck a multi-year partnership with a startup carbon project investor on Thursday, with the aim of developing large-scale, “high-quality” carbon credit projects in Africa, Asia, and Latin America.
Read MoreDemand for nature credits set to outstrip supply for tropical forest nations -analysis
Corporate demand for forest-related carbon credits is set to vastly outstrip available supply over the next 30 years, according to research published Tuesday that suggests a sufficient enough pool of carbon finance to allow governments to take on more ambitious measures to save and restore tropical forests.
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