Averna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder
The recent acquisition by private equity firm Averna Capital of a majority stake in ClimateCare will help prepare the low-carbon project developer for massive growth in the global offset market, the company’s founder told Carbon Pulse.
Read MoreUS company launches personal carbon offset service from $10/tonne
A Colorado-based company announced a new service this week for consumers to buy voluntary carbon credits to offset their own emissions or those of others, with the initial product offerings coming from a handful of forestry projects.
Read MoreTwo CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
Read MoreVietnam legislates domestic emissions trading scheme
Vietnam’s National Assembly this week passed a revised environmental law, which included provisions to set up a domestic emissions trading market.
Read MoreIndian carbon trading firm to launch IPO
India’s biggest carbon and renewable energy credit trading company is preparing to list on the BSE bourse in Mumbai in a bid to raise funds that will allow it to expand its activities.
Read MorePacific Islands pin hopes on carbon pricing as ‘weak’ shipping emissions deal looms
Two Pacific Island nations urged the UN to advance carbon pricing plans for shipping on Monday, as nations were poised to endorse a global maritime deal that would allow the sector’s emissions to rise for another decade.
Read MoreSingapore firm hopes new LNG contract can drive carbon offset demand
Singapore-based Pavilion Energy this week signed a first LNG contract with Qatar Petroleum that quantifies the fuel’s GHG emissions from well to discharge port, which the company hopes can become a new industry standard and drive demand for carbon offsets.
Read MoreUN could start issuing Article 6 carbon credits from 2023 -researcher
The UN could begin issuing carbon credits from former CDM projects under the Paris Agreement’s Article 6.4 mechanism as early as 2023, an event heard Wednesday.
Read MoreANALYSIS: Biden election win presents numerous climate policy opportunities, though challenges loom
The projected presidential victory of Democratic nominee Joe Biden this weekend opens the door for the US government to take swift action on domestic and global climate policy during the first days of his administration, although a potentially divided Congress could stifle some of the progress necessary to achieve rapid and deep decarbonisation.
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