INTERVIEW – Making the grade: London-based startup launches carbon offset ratings service
The flourishing global voluntary carbon market is about to achieve another ‘coming of age’ milestone: its own fixed income-style ratings system.
Read MoreEver Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes
A new Greek startup, inspired by the beached cargo ship that briefly blocked the Suez Canal, is floating the idea of generating carbon offsets from the incident and other similar events that feature disruptions to global trade or transport, including the movement of fossil fuels.
Read MoreUPDATE – Middle East carbon standard approved as newest CORSIA offset programme
The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.
Read MoreEXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market
Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.
Read More“Forceful, abrupt” international climate action response to birth US carbon price by 2025 -experts
Delayed efforts to combat climate change will result in a “forceful, abrupt, and disorderly” response by governments by 2025, which combined with protectionist policies will see the US introduce a national carbon pricing system by that date.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreStrong rebound risks cancelling out COVID-era emissions drop -IEA
A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.
Read MoreWorld’s climate pledges falling far behind target, UN report shows
Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.
Read MoreVCM Report: Offset prices nudge higher, while Shell ramps up retirements
Voluntary carbon market (VCM) prices gained slightly this week on continued strong volume, as oil major Shell retired several million offsets just before announcing its strategy to reach net zero emissions through markedly higher carbon credit usage.
Read MoreVCM Report: Offset prices surge on heightened CORSIA credit interest
Voluntary emissions reduction (VER) values soared this week as more participants expressed interest in CORSIA-eligible credits following private sector efforts to scale up and standardise the voluntary carbon market (VCM).
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