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UK academics favour scaling up removal purchases in offsetting guidelines

Published 16:10 on September 29, 2020  /  Last updated at 00:52 on September 30, 2020  /  Americas, Asia Pacific, Australia, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Emitters should gradually scale up their buying of carbon removals as part of a credible voluntary climate strategy, UK academics said in a report on offsetting launched Tuesday that takes a cautious line on land-based initiatives.

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Carbon “key commodity to watch” this decade, big investors hear

Published 22:12 on September 28, 2020  /  Last updated at 10:34 on September 29, 2020  /  Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Carbon has been labelled “a key commodity to watch” over the next decade as major investors seek to ‘green’ their portfolios.

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ANALYSIS: Standard opens door to voluntary offset use for company net zero goals

Published 23:08 on September 16, 2020  /  Last updated at 12:31 on September 17, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

A popular corporate standard for net zero emissions goals has relaxed its previously hard line against the use of carbon credits, in a move that may fuel further growth in the voluntary offset market.

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Thirteen global airlines commit to 2050 net zero emissions

Published 21:52 on September 11, 2020  /  Last updated at 23:29 on September 11, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.

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US senators strike deal on HFC phaseout legislation

Published 16:11 on September 11, 2020  /  Last updated at 00:06 on September 12, 2020  /  Americas, Climate Talks, International, New Market Mechanisms, US  /  No Comments

US Senate committee members announced agreement on Thursday on bipartisan legislation to reduce potent HFC gases and meet UN climate goals, though it remains to be seen if the proposal will move forward in the waning months of the current Congressional session.

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INTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards

Published 00:15 on September 8, 2020  /  Last updated at 11:29 on September 8, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.

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Saudi Arabia steers clear of carbon pricing in G20 presidency effort

Published 17:30 on September 4, 2020  /  Last updated at 00:20 on September 5, 2020  /  Climate Talks, EMEA, International, New Market Mechanisms  /  No Comments

Saudi Arabia won’t push CO2 pricing under its climate initiatives for the G20 Presidency this year, instead favouring a loose framework aiming to stimulate demand for carbon removals, according to a senior government envoy.

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CORSIA impacts weighing on otherwise resilient voluntary offset prices -developer

Published 23:14 on September 1, 2020  /  Last updated at 23:14 on September 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.

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CBL Markets introduces CORSIA-aligned global offset product

Published 15:39 on August 27, 2020  /  Last updated at 19:18 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.

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CORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis

Published 22:36 on August 26, 2020  /  Last updated at 00:12 on August 27, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.

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