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US hemp industry cultivating plan to generate carbon credits

Published 23:51 on June 16, 2022  /  Last updated at 02:10 on June 17, 2022  /  Americas, Nature-based, US, Voluntary Market  /  No Comments

A US hemp exchange and benchmark price provider has teamed up with the Washington DC-based National Industrial Hemp Council of America (NIHC) to develop carbon sequestration opportunities in the country’s industrial hemp market.

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Finnish firm launches blockchain-based forest VER registry with AI tech

Published 18:29 on June 16, 2022  /  Last updated at 00:24 on June 17, 2022  /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary Market  /  No Comments

A Finnish sustainable finance company on Thursday announced a partnership with an Israeli climate technology startup to create a new voluntary offset registry for forest-based projects.

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UK launches £7.8-mln fund to accelerate tree planting

Published 17:21 on June 16, 2022  /  Last updated at 17:21 on June 16, 2022  /  EMEA, Nature-based, UK ETS, Voluntary Market  /  No Comments

The UK government has launched a £7.8 million fund to support local authorities in England with the new staff and expertise needed to kickstart woodland creation and tree planting.

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Saudi Aramco to tap new renewables, blue ammonia, offsets in bid for net zero by 2050

Published 23:55 on June 15, 2022  /  Last updated at 02:14 on June 16, 2022  /  EMEA, International, Middle East, Nature-based, Voluntary Market  /  No Comments

Saudi Aramco will invest in new renewables projects and blue ammonia production in an effort to slash its GHG output and achieve net zero emissions by 2050.

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Shipping operator MOL completes “carbon offset voyage” from Japan to Europe

Published 22:20 on June 15, 2022  /  Last updated at 10:02 on June 16, 2022  /  Asia Pacific, EMEA, International, Japan, Nature-based, Shipping, Voluntary Market  /  No Comments

Japanese shipping company Mitsui OSK Lines (MOL) has completed a “carbon offset voyage” for the transportation of cars from Japan to the UK, the company said in a statement on Wednesday.

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Race to Zero campaign tightens rules to help prevent greenwashing

Published 20:02 on June 15, 2022  /  Last updated at 20:02 on June 15, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The UN-backed Race to Zero campaign updated its criteria on Wednesday to ensure credible net zero targets from corporates and financial organisations, aiming to overcome greenwashing concerns while specifying requirements for carbon credit use and other elements.

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Oil major invests in forestry firm to generate carbon credits in Gabon

Published 17:21 on June 15, 2022  /  Last updated at 02:28 on June 16, 2022  /  Africa, International, Nature-based, Voluntary Market  /  No Comments

A European oil major and has purchased a 49% stake in a forestry management firm in Gabon to develop a sustainable forest management model that aims to generate carbon credits from reduced deforestation, conservation, and afforestation.

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UN climate talks outline steps needed to advance global carbon markets

Published 20:26 on June 14, 2022  /  Last updated at 19:34 on June 15, 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

UN climate negotiations in Bonn have outlined several technical issues that need to be addressed to advance government-level emissions trade, including infrastructure to track trade, accounting practicalities, and other issues that also have implications for the voluntary carbon market (VCM).

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New hybrid carbon contract to launch Friday, expected to trade at $7-8

Published 18:39 on June 14, 2022  /  Last updated at 18:39 on June 14, 2022  /  Aviation/CORSIA, International, Nature-based, Voluntary Market  /  No Comments

A standardised contract touted as providing a single global price for voluntary carbon market (VCM) credits will launch on two exchanges later this week and should initially trade at $7-8/tonne, a webinar heard on Tuesday.

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New ombudsman touted to give corporates money back from dodgy VCM credits

Published 17:54 on June 14, 2022  /  Last updated at 17:54 on June 14, 2022  /  EMEA, International, Nature-based, Voluntary Market  /  No Comments

Corporates unwittingly buying bogus or dodgy offsets in the voluntary carbon market (VCM) may be able to get their money back in the future, just like buying a toaster or television that does not work, a board member of the Integrity Council for the Voluntary Carbon Market (IC-VCM) said Tuesday.

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