Trading house opens Singapore carbon desk, former Shell traders join
A major Dutch-headquartered firm has become the latest trading house to expand its emissions business to the Asia-Pacific region, with at least two carbon traders joining from Shell.
Read MoreGlencore sets up Asian carbon desk, hires ex-BP traders
Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.
Read MoreDisheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service
Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.
Read MoreVCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand
CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.
Read MoreHong Kong to explore carbon market opportunities
Hong Kong will explore opportunities in establishing itself as a carbon trading centre for mandatory and voluntary carbon markets both in mainland China and internationally, with an initial focus on the Guangdong-HK-Macao greater Bay region.
Read MoreNo soil carbon protocol guarantees high quality offsets -research
None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.
Read MoreDoubled EU carbon price, CBAM to have negligible impact on industry, households -economists
Neither an EU carbon border adjustment mechanism (CBAM) nor a steep rise in carbon allowances prices – two long-term expected outcomes from the bloc’s major climate and energy package to be released this week – will have a significant impact on EU industry or consumers, economists said Monday.
Read MoreVCM Report: VER issuances, retirements blossom in Q2 as prices increase further
Voluntary emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.
Read MoreGermany launches tender to buy 175k CERs to offset 2020 government travel
Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.
Read MoreVoluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).
Read More
