VER platform steadfast on early Q2 auction launch, building on pilot round
Singapore carbon exchange and marketplace Climate Impact X (CIX) remains committed to launching its auctions in Q2, noting lessons learned from the October pilot auction, its CEO said on Thursday.
Read MoreMining industry would be wise to advocate for global carbon tax -report
The mining industry should be a vocal advocate of a global carbon tax, where any policy costs associated with a CO2 price would be significantly overshadowed by the resulting low-carbon economy demand boom for metals and minerals, according to research published this month.
Read MoreEquinor couples record-high earnings with 2030 climate pledge
Norwegian energy company Equinor record-high annual earnings and flagged plans to drill for more oil in its annual results on Wednesday, despite also announcing a new 2030 emissions reduction target that restricts the role of offsets.
Read MoreSouth Pole targets US, Asia expansion after adding new minority investors
Offset developer and consultancy South Pole has secured funding from two new minority investors to help maintain its rapid expansion and strengthen its presence in the US and across Asia.
Read MoreDevelopers craft adjustable forest offset blueprints, seeking to boost trust
Two conservation organisations have teamed up to create a new methodology that they say will help quell some of the criticism related to forest offset projects by establishing dynamic baselines upon which additional carbon outcomes are measured.
Read MoreExchange CBL adjusts vintage rules for nature-based VER contract
ESG commodities marketplace Xpansiv’s CBL has announced changes to vintage eligibility for its standardised Nature-Based Global Emissions Offsets (N-GEO) contract, aiming to better align to market demand for greater clarity and adherence to integrity-based principles.
Read MoreOver-crediting leads to biggest intentional reversal of California compliance offsets to date
California regulator ARB this week approved the single largest intentional reversal of compliance offset issuances in the history of the cap-and-trade regulation, as changing programme guidance for quantifying carbon stocks led an Arizona forestry project to overissue credits.
Read MoreOffset policy can provide easier path to carbon market linking, report finds
Prospects for linking carbon markets could hinge on how closely jurisdictions make provisions for offset use, according to a report prepared for the regulatory authorities of the EU, California, Quebec, China, New Zealand and Switzerland carbon compliance markets.
Read MoreUN chief warns Davos on climate inaction, global risks
UN Secretary General Antonio Guterres told the World Economic Forum (WEF) on Monday that there is no sign that governments are planning to effectively manage climate risks, urging the private sector to step up efforts and avoid greenwashing well ahead of November’s COP27 UN climate talks in Egypt.
Read MoreUN teams up with second exchange to promote CDM credit sales to voluntary market
The UN’s climate change agency has partnered with a second carbon exchange to drive sales of carbon credits issued under its Kyoto-era Clean Development Mechanism (CDM) to the voluntary carbon market, as the international offsetting scheme readies its transition under the Paris Agreement.
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