Digital marketplace for physical commodities to launch voluntary carbon credit trading
A digital marketplace for physical commodities is launching voluntary carbon credit trading, it said this week.
Read MoreTop 20 fossil fuel countries need to ramp up transition in next Paris pledges -report
A third of the world’s 20 largest fossil fuel-producing countries made no mention of oil, gas, or coal in their last round of Paris Agreement pledges, while those that do mention it talk, explicitly or implicitly, about a continuation or increase in production, according to analysis published on Thursday.
Read MoreVCM Report: CCP-tagged voluntary carbon credits fail to ignite market, hopes pinned on slow burn impact
The first voluntary credits tagged with the Core Carbon Principles (CCP) label nudged higher last week, after the ICVCM approved its methodologies, but expectations that the integrity-stamped units would immediately spark demand were snubbed out.
Read MoreFirst trade of voluntary carbon credits takes place on Turkish exchange
The Turkish energy exchange launched a new platform to mediate the purchase and sale of voluntary carbon credits, with the first transaction taking place last week.
Read MoreSaudi Arabia to finance Kenya clean cooking plan in return for carbon credits -media
Saudi Arabia will fund Kenya’s planned switch to cooking with liquefied petroleum gas (LPG) stoves instead of those burning firewood, charcoal, and kerosene in return for carbon credits, according to local media sources.
Read MoreNew voluntary carbon credit platform announced in Iraq
A US-based global environmental asset authenticator, registry, and exchange announced its first Middle Eastern franchise in Iraq in partnership with the Iraqi branch of a Canadian carbon and energy advisory firm.
Read MoreFEATURE: World governments split on how to regulate voluntary carbon credits
Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.
Read MoreEarly Article 6 carbon credits on sale above $20 ahead of series of auctions for ITMOs
Around half a million reforestation credits from a project in Kenya are being marketed for sale currently under Article 6.4 of the Paris Agreement as part of a partnership between a new Qatar-based centre and a marketplace to spearhead the auctions of sovereign credits in the run up to 2030.
Read MoreAramco, US-based climate tech firm enter into MoU to advance DAC
Oil giant Saudi Aramco and a US-based direct air capture (DAC) developer unveiled a Memorandum of Understanding (MoU) on Friday intended to advance the nascent carbon removal (CDR) technology.
Read MoreFEATURE: Just transition approaches need refinement, some countries lead the way
Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a ‘just transition’, though approaches diverge significantly and finance remains a key stumbling block.
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