Singapore, NZ leaders agree to cooperate on carbon markets

Published 01:31 on April 16, 2024  /  Last updated at 01:31 on April 16, 2024  / Mark Tilly /  Asia Pacific, International, New Zealand, Other APAC, Paris Article 6

Singapore and New Zealand have agreed to work together on carbon markets as one of several green economy measures, according to an agreement signed between the two countries Monday.

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VCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin

Published 19:11 on April 15, 2024  /  Last updated at 19:11 on April 15, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.

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‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says

Published 10:03 on April 15, 2024  /  Last updated at 10:03 on April 15, 2024  / Frédéric Simon /  Americas, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, New Zealand, Other APAC

The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc’s ETS.

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Former Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm

Published 07:00 on April 15, 2024  /  Last updated at 16:01 on April 12, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, US, Voluntary

Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.

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NZ Market: NZU price rollercoaster as minister says Climate Change Commission advice ‘not gospel’

Published 02:35 on April 12, 2024  /  Last updated at 07:01 on April 12, 2024  / Mark Tilly /  Asia Pacific, New Zealand

The NZU price fell 5% on Thursday, but regained ground Friday, following remarks from New Zealand’s Finance and associate Climate Minister Nicola Willis that advice from the Climate Change Commission is “not gospel”.

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INTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement

Published 13:59 on April 11, 2024  /  Last updated at 13:59 on April 11, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.

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SBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision

Published 07:56 on April 11, 2024  /  Last updated at 18:34 on April 11, 2024  / Mark Tilly /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary

A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.

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ANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets

Published 16:47 on April 10, 2024  /  Last updated at 16:47 on April 10, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, US, Voluntary

A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.

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Global carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report

Published 16:00 on April 10, 2024  /  Last updated at 15:42 on April 9, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.

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SBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals

Published 20:00 on April 9, 2024  /  Last updated at 20:16 on April 9, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.

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