Insurance products emerging to guard against Paris-era carbon market risks
Insurance mechanisms are emerging as a way to guard against policy reversal in carbon markets, where some say these products could mitigate the risk of government U-turns or other political risks associated with Paris-aligned emissions trade.
Read MoreUPDATE – Boundaries increasingly blurred between voluntary and compliance markets as standards are pending
The difference between the voluntary carbon market (VCM) and compliance carbon markets will continue to blur, speakers told a conference on Wednesday, ahead of hotly-anticipated standards to be published later this year.
Read MoreUPDATE – Verra moves to immediately halt tokenisation of retired offsets, will explore alternative
Voluntary carbon standard manager Verra will with immediate effect stop companies like Toucan Protocol from tokenising carbon credits that have been retired, and instead explore an alternative, it said Wednesday.
Read MoreSingapore’s CIX announces first carbon credit auction in Q3 for three projects
Climate Impact X (CIX) has formed a partnership with a UK-based carbon finance firm to hold its first auction for nature-based carbon credits, the newly-formed Singapore-based carbon exchange announced on Wednesday.
Read MoreGreen groups push tropical forest VER buyers towards jurisdictional, reduction-based credits
A coalition of eight environmental and Indigenous NGOs on Tuesday released a new set of guidelines for purchasing tropical forest voluntary emissions reductions (VERs), arguing companies should favour initiatives that span entire jurisdictions and prioritise emissions reductions over removals.
Read MoreEEX Group to feature vintage-specific nature-based offsets, removals among voluntary product suite
Germany’s European Energy Exchange (EEX) Group on Tuesday announced the launch schedule of a voluntary carbon market (VCM) product suite, with vintage-differentiated nature-based units and removals-focused credits among the four standardised contracts offered across multiple time zones.
Read MoreColombian blue carbon mangrove offsets to triple in price, minister says
Colombian blue carbon credits from mangrove projects will triple in price in the next two years, a minister told a conference on Tuesday.
Read MoreClimate ‘meta-registry’ eyes November launch after extensive testing
A global blockchain-enabled system to transfer carbon units and track meta data of credits between various registries is due to launch in November after three years of testing.
Read MoreLess than 4% of global GHGs covered by a sufficient carbon price to meet 2030 goals
Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.
Read MoreUS start-up raises $32 mln amid plans to expand portfolio of carbon tokens
A US-based technology startup has raised $32 mln in venture capital funding amid plans to launch multiple bundles of tokens that track key market segments.
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