FEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval
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.
Read MoreVCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
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.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
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.
Read MoreGlobal Carbon Council launches new voluntary CCS methodology for hard-to-abate sectors
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.
Read More57 fossil fuel and cement producers caused 80% of emissions since Paris Agreement, study finds
The majority of global CO2 emissions released into the atmosphere since the Paris Agreement was adopted in 2015 can be traced to a small group of fossil fuel and cement companies, according to analysis published on Thursday.
Read MoreGlut of surplus voluntary carbon credits from big four standards hits almost 800 mln
The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 800 million credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.
Read MoreVCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreWatching the watchdogs: Voluntary carbon market consortium launches oversight body to police regulators, raters
A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation to police efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).
Read MoreOil and gas producers aiming to quadruple new reserve developments by 2030 -report
Oil and gas producers worldwide aim to quadruple the amount of reserves sanctioned for development within the decade, research finds, in direct contrast to scientific warnings that new fossil fuel investments must end in order to limit warming to 1.5C.
Read MoreSBTi has no plans to validate voluntary carbon credit use towards corporate emissions targets
The Science Based Targets initiative (SBTi) will not bow to pressure and validate the use of voluntary carbon credits to help a company achieve its emission targets, the body confirmed to Carbon Pulse Tuesday.
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