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EU Parliament vote reignites debate on role of carbon removals

Published 19:55 on May 20, 2022  /  Last updated at 19:55 on May 20, 2022  /  EMEA, EU ETS, Nature-based, Voluntary Market  /  No Comments

The European Commission should assess and spell out how to enhance carbon dioxide removals (CDR) in a new legislative proposal by no later than 2025, the European Parliament’s environment committee (ENVI) said in a vote on the bloc’s carbon market earlier this week.

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Brazil government invites sectors to set own emissions goals under Paris pledge

Published 19:52 on May 20, 2022  /  Last updated at 19:52 on May 20, 2022  /  Americas, Aviation/CORSIA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary Market  /  No Comments

The government of right-wing Brazilian President Jair Bolsonaro wants all the country’s economic sectors to set their own emissions goals provided the targets collectively deliver its pledge to the Paris Agreement.

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VCM initiative delays publication of Core Carbon Principles to Q4

Published 17:03 on May 20, 2022  /  Last updated at 17:36 on May 20, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

The cross-stakeholder Integrity Council for the Voluntary Carbon Market (IC-VCM) updated its timeline for publishing its long-awaited carbon offset quality standards on Friday, delaying their release by one quarter to Q4, with the public consultation on draft guidelines pushed back two months to July.

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Malaysia’s Sarawak state passes landmark bill to buck trend on forest carbon for VCM

Published 11:23 on May 20, 2022  /  Last updated at 11:23 on May 20, 2022  /  Asia Pacific, Climate Talks, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

The Malaysian state of Sarawak will be the Southeast Asian country’s first jurisdiction to establish rules for forest carbon activity with the successful passage in the state’s legislative assembly of a forestry bill on Thursday.

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Mitsui, Nomura buy Australian-headquartered forestry asset manager

Published 05:32 on May 20, 2022  /  Last updated at 05:32 on May 20, 2022  /  Asia Pacific, Australia, International, Japan, Nature-based, Other APAC, Voluntary Market  /  No Comments

Japan’s Mitsui and Nomura have bought the world’s second largest forestry asset manager and major developer of carbon credits, they announced on Friday.

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UPDATE – Carbon spot exchange CBL cancels late Thursday trades following investigation

Published 22:58 on May 19, 2022  /  Last updated at 13:23 on May 20, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Xpansiv market CBL cancelled executions made late Thursday after conducting an investigation regarding “potentially erroneous transactions.”

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Demand for voluntary carbon seen rising fivefold to 1 bln tonnes/year -bank

Published 20:36 on May 18, 2022  /  Last updated at 23:52 on May 18, 2022  /  Nature-based, Voluntary Market  /  No Comments

Carbon credit demand could rise fivefold to 1 billion tonnes per year by 2030, according to a bank analyst report published this week, spurred by corporate climate commitments outpacing those of governments.

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COMMENT: Conservation through incentive, innovation, and entrepreneurship

Published 16:57 on May 18, 2022  /  Last updated at 23:22 on May 18, 2022  /  Americas, International, Nature-based, Paris Article 6, South & Central, Voluntary Market  /  No Comments

Brazil’s environment minister, Joaquim Leite, outlines his government’s green economy plans and its intention to be the world’s biggest exporter of carbon credits.

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Malaysia’s Sarawak state introduces new bill to govern forest carbon activity

Published 06:25 on May 18, 2022  /  Last updated at 06:25 on May 18, 2022  /  Asia Pacific, Nature-based, Other APAC, Voluntary Market  /  No Comments

A bill being considered by Sarawak’s local legislative body will, if passed, make it the first state in Malaysia able to grant licences for “forest carbon activity” in permanent forest and state land, according to local media reports.

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Gold Standard to launch broad digital carbon market working groups

Published 02:24 on May 18, 2022  /  Last updated at 02:28 on May 18, 2022  /  International, Nature-based, Voluntary Market  /  No Comments

Amid the rapid emergence in recent months of a crypto carbon market, the Gold Standard and partner organisations are now preparing to launch working groups to explore digital MRV, best practice principles for blockchain carbon assets, and technology infrastructure for the offset market.

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