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

Published 17:24 on May 24, 2022  /  Last updated at 17:25 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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VCM demand bulge for carbon removals needs integrity pairing -report

Published 21:19 on May 20, 2022  /  Last updated at 11:54 on May 21, 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

There are no durable CO2 removal credits being offered from projects issuing carbon credits in 2021-22 on the voluntary carbon market (VCM), according to a report that assesses trends across the four largest offset registries, and also points out other challenges with carbon offset supply.

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NZ Market: NZUs drift sideways amid lacklustre response to ERP

Published 07:09 on May 20, 2022  /  Last updated at 02:14 on May 21, 2022  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand Unit (NZU) spot price continued to float sideways on Friday, with the market giving the government’s Emission Reduction Plan released earlier in the week a relatively muted greeting, though some say the upcoming June auction could create prices movements off the back of an almost exhausted cost-containment reserve.

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Carbon project developers search for interim solution to CDM freeze

Published 20:18 on May 19, 2022  /  Last updated at 20:30 on May 19, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Developers with projects registered under the CDM are urging regulators to unfreeze post-2020 carbon credits to make them eligible for the voluntary and domestic carbon markets, aiming to keep revenues flowing ahead of the completion of a new carbon crediting mechanism under the Paris Agreement.

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Offset ratings service to integrate with a second credit marketplace

Published 19:07 on May 17, 2022  /  Last updated at 19:10 on May 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, Switzerland, US, Voluntary Market  /  No Comments

A carbon credit marketplace and a global ratings agency for the voluntary carbon market (VCM) have teamed up with the aim of providing customers greater confidence in the quality of the units they buy.

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New Zealand forestry group warns targets at risk if exotic ban goes ahead

Published 10:14 on May 17, 2022  /  Last updated at 10:14 on May 17, 2022  /  Asia Pacific, New Zealand  /  No Comments

A New Zealand forestry group has argued that the country will be unable to meet net zero emissions by 2050 target if it removes exotic tree species from its ETS, based on figures in the government’s Emissions Reduction Plan.

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NZ releases long-term plan to cut emissions, but saves ETS cap adjustments for later

Published 04:14 on May 16, 2022  /  Last updated at 07:36 on May 16, 2022  /  Asia Pacific, New Zealand  /  No Comments

The New Zealand government released its economy-wide Emissions Reduction Plan on Monday, however it has conceded that the technology needed to cut emissions from one of its most polluting sectors – agriculture – is still some years away.

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Carbon Pulse hires its way to record reporter headcount, doubles article output

Published 01:26 on May 13, 2022  /  Last updated at 19:45 on May 13, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Views, Voluntary Market  /  No Comments

(FREE READ) – Carbon Pulse has further boosted its coverage of regional and global carbon markets after completing a hiring drive that allowed it to welcome another four talented journalists, giving the unrivalled news provider a record staff size and doubled story count.

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Surge in corporate target-setting not matched by delivery –SBTi

Published 20:21 on May 12, 2022  /  Last updated at 20:21 on May 12, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The Science Based Target initiative (SBTi) released its third annual progress report on Thursday, releasing the figures tied to the groundswell of companies that are committing and setting robust climate targets, while also pointing out a lack of reporting on actually delivering on those targets.

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ANALYSIS: New Zealand agriculture fights to keep sector out of ETS

Published 07:49 on May 12, 2022  /  Last updated at 04:07 on May 16, 2022  /  Asia Pacific, New Zealand  /  No Comments

A New Zealand agricultural sector group has until the end of the month to submit an emissions pricing scheme proposal to the government, tailor made for the industry, in a bid to keep it out of the nation’s emissions trading scheme in 2025.

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