Corporate net-zero targets risk overpromising, underdelivering, analysis says
More than one-third of the world’s largest publicly listed companies have net zero targets, however the majority have gaping holes in their strategies and many rely on offsets without any conditions associated with them, according to new analysis.
Read MoreEighty five nations seek ‘share of proceeds’ from voluntary carbon market
Some 85 vulnerable countries are urging the voluntary carbon market to apply principles from the Paris Agreement’s Article 6 emissions trading rulebook, including shaving off a share of credit issuance proceeds to help them cope with a warmer climate.
Read MoreTech to check: The digital revolution is finally coming to carbon project verification
While interest in the voluntary carbon market (VCM) continues to surge, some of the underlying mechanics need a revamp to keep pace, according to some experts highlighting how harnessing technology can improve both carbon project verification and overall impacts.
Read MoreGold Standard softens stance on adjusted credits in new claims guidelines
Carbon credit certifier Gold Standard issued new guidelines on Thursday for how its units can be used by voluntary buyers given the new Paris Agreement context, providing greater flexibility on the need for authorisation from the project’s host-country government.
Read MoreShipping’s net zero ambition in the doldrums at the IMO
On World Oceans Day, international shipping looks set to run aground of progress to phase out emissions, with governments clashing at the UN’s International Maritime Organisation (IMO) negotiations over a potential global 2050 net zero emissions goal.
Read MoreGreen groups launch interactive tool to score carbon credit quality
Environmental groups launched a free online tool on Tuesday that they say will help voluntary buyers assess the quality of carbon credits, with initial testing showing that getting a high score for quality across all categories is unlikely.
Read MoreOil and gas firms could be barred from credible climate claims guidelines
Many of the world’s largest oil and gas companies have committed to mid-century net zero emissions targets, but initiatives looking into the credibility of climate claims are abstaining their support over fears of backing greenwashing.
Read MoreInsurance products emerging to guard against Paris-era carbon market risks
Insurance mechanisms are emerging as a way to guard against policy reversal in carbon markets, where some say these products could mitigate the risk of government U-turns or other political risks associated with Paris-aligned emissions trade.
Read MoreCalifornia offset issuance hits two-year low, while DEBs prices rise
California regulator ARB distributed the smallest number of compliance offsets this week since spring 2020, while traders reported credits tagged with in-state benefits were seeing increasingly higher values than out-of-state units.
Read MoreVCM demand bulge for carbon removals needs integrity pairing -report
There are no durable CO2 removal credits being offered from projects issuing carbon credits in 2021-22 on the voluntary carbon market (VCM), according to a report that assesses trends across the four largest offset registries, and also points out other challenges with carbon offset supply.
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