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Insurance products emerging to guard against Paris-era carbon market risks

Published 09:09 on May 26, 2022  /  Last updated at 09:09 on May 26, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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UPDATE – Boundaries increasingly blurred between voluntary and compliance markets as standards are pending

Published 10:21 on May 25, 2022  /  Last updated at 17:58 on May 25, 2022  /  Aviation/CORSIA, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

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.

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UPDATE – Verra moves to immediately halt tokenisation of retired offsets, will explore alternative

Published 03:27 on May 25, 2022  /  Last updated at 17:44 on May 25, 2022  /  Bavardage, International, Nature-based, Voluntary Market  /  No Comments

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.

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Singapore’s CIX announces first carbon credit auction in Q3 for three projects

Published 02:56 on May 25, 2022  /  Last updated at 02:56 on May 25, 2022  /  Africa, Asia Pacific, Nature-based, Other APAC, Voluntary Market  /  No Comments

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.

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Green groups push tropical forest VER buyers towards jurisdictional, reduction-based credits

Published 16:29 on May 24, 2022  /  Last updated at 16:29 on May 24, 2022  /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

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. 

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EEX Group to feature vintage-specific nature-based offsets, removals among voluntary product suite

Published 14:59 on May 24, 2022  /  Last updated at 15:00 on May 24, 2022  /  Americas, Aviation/CORSIA, EMEA, International, Nature-based, US, Voluntary Market  /  No Comments

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.

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Colombian blue carbon mangrove offsets to triple in price, minister says

Published 13:32 on May 24, 2022  /  Last updated at 13:32 on May 24, 2022  /  Americas, Asia Pacific, International, Nature-based, South & Central, Voluntary Market  /  No Comments

Colombian blue carbon credits from mangrove projects will triple in price in the next two years, a minister told a conference on Tuesday.

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Climate ‘meta-registry’ eyes November launch after extensive testing

Published 12:43 on May 24, 2022  /  Last updated at 12:43 on May 24, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, CBAM, Climate Talks, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

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.

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Less than 4% of global GHGs covered by a sufficient carbon price to meet 2030 goals

Published 12:24 on May 24, 2022  /  Last updated at 12:25 on May 24, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, EU ETS, International, Nature-based, New Zealand, Paris Article 6, US, Voluntary Market  /  No Comments

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.

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US start-up raises $32 mln amid plans to expand portfolio of carbon tokens

Published 07:00 on May 24, 2022  /  Last updated at 07:19 on May 24, 2022  /  International, Nature-based, US, Voluntary Market  /  No Comments

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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