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VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021  /  Last updated at 22:51 on July 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.

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Sweden seeks out Article 6 projects in the Dominican Republic

Published 18:50 on July 16, 2021  /  Last updated at 17:25 on July 19, 2021  /  Americas, Climate Talks, EMEA, International, Japan, New Market Mechanisms, REDD, South & Central, Switzerland  /  No Comments

Sweden is inviting carbon-cutting projects in the Dominican Republic to bid to be the first initiatives that could ultimately deliver Paris Agreement-era carbon credits to the Nordic country.

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No soil carbon protocol guarantees high quality offsets -research

Published 23:41 on July 15, 2021  /  Last updated at 23:44 on July 15, 2021  /  Africa, Americas, Asia Pacific, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.

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VCM Report: VER issuances, retirements blossom in Q2 as prices increase further

Published 18:50 on July 12, 2021  /  Last updated at 23:12 on July 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.

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UN envoy Carney stresses ‘modest, marginal’ role for offsets in corporate climate action

Published 18:21 on July 8, 2021  /  Last updated at 18:21 on July 8, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The voluntary carbon market should have an important, if marginal, role in corporate climate action, UN climate finance envoy Mark Carney said Thursday while setting out credible offsetting buying strategies.

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Voluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns

Published 13:57 on July 8, 2021  /  Last updated at 15:14 on July 8, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).

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S&P Global Platts announces six AI-powered carbon credit indices

Published 16:28 on July 7, 2021  /  Last updated at 16:28 on July 7, 2021  /  Aviation/CORSIA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Tuesday proposed to launch six carbon credit indices from next month with Viridios AI that would reflect a wide variety of voluntary emissions reduction (VER) project types and co-benefits.

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ICAO moves forward CORSIA emissions recovery forecast, drops offset cost estimates

Published 17:01 on July 6, 2021  /  Last updated at 18:27 on July 6, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Emissions under the global aviation offset programme CORSIA are expected to bounce back more quickly in the coming years, while carbon credit costs will still remain far below previously forecast levels, according to a committee of UN body ICAO’s Council.

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Investor group worth $6 trillion backs global carbon price corridor

Published 11:25 on July 6, 2021  /  Last updated at 11:25 on July 6, 2021  /  Americas, Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

Governments should agree a coordinated global carbon price corridor rising to around $147/tonne by 2030 to meet a 1.5C global warming limit, investors managing more than $6 trillion in assets said Tuesday.

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VCM report: VERs inch up to new records, CBL sees fourfold annual growth

Published 20:52 on July 5, 2021  /  Last updated at 12:15 on July 6, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

Prices for voluntary emissions reductions (VERs) edged up to new heights this week with both lower-end CORSIA-eligible credits and mid-range nature-based units making gains, while Xpansiv market CBL reported a fourfold year-on-year rise in its carbon trade for Q2.

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