NZU stockpile grows by 9 mln, but likely to shrink substantially
The stockpile of privately held NZUs has grown by some 9 million units, according to government figures, however this is likely fall dramatically following the upcoming May 31 surrender deadline for emitters.
Read MoreFormer NZ climate change minister announces raft of appointments after bidding farewell to politics
New Zealand’s former minister for climate change and the environment and co-leader of the Green Party has been appointed to multiple roles, he announced, after giving his valedictory speech to parliament this week.
Read MoreNew Zealand pledges climate finance for Southeast Asia, looks at Article 6 tie with the Philippines
New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.
Read MoreSingapore, NZ leaders agree to cooperate on carbon markets
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.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
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.
Read More‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says
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.
Read MoreFormer Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm
Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.
Read MoreNZ Market: NZU price rollercoaster as minister says Climate Change Commission advice ‘not gospel’
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”.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
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.
Read MoreSBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
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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