FEATURE: Scientists tackle seagrass decline with probiotics to enhance resilience and build credit projects

Published 16:36 on April 12, 2024  /  Last updated at 16:36 on April 12, 2024  / Bryony Collins /  Africa, Americas, EMEA, International, Middle East, Nature-based, Voluntary

Researchers are developing probiotics to improve the root structure of seagrass, with potential for large-scale, credit-generating restoration projects in Saudi Arabia and Kenya.

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INTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement

Published 13:59 on April 11, 2024  /  Last updated at 13:59 on April 11, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.

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SBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision

Published 07:56 on April 11, 2024  /  Last updated at 18:34 on April 11, 2024  / Mark Tilly /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary

A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.

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ANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets

Published 16:47 on April 10, 2024  /  Last updated at 16:47 on April 10, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, US, Voluntary

A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.

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Global carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report

Published 16:00 on April 10, 2024  /  Last updated at 15:42 on April 9, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.

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SBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals

Published 20:00 on April 9, 2024  /  Last updated at 20:16 on April 9, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.

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FEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval

Published 16:20 on April 9, 2024  /  Last updated at 16:20 on April 9, 2024  / Bryony Collins /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, Nature-based, US, Voluntary

Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.

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VCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying

Published 15:13 on April 8, 2024  /  Last updated at 15:13 on April 8, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, South & Central, US, Voluntary

ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.

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Integrity Council approves three voluntary carbon programmes for CCP eligibility

Published 00:01 on April 5, 2024  /  Last updated at 17:36 on April 4, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.

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Global Carbon Council launches new voluntary CCS methodology for hard-to-abate sectors

Published 16:44 on April 4, 2024  /  Last updated at 16:44 on April 4, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, EMEA, International, Japan, Middle East, Paris Article 6, South Korea, US, Voluntary

The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.

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