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US airline JetBlue expands existing VER commitment with net zero pledge

Published 22:45 on April 1, 2021  /  Last updated at 22:45 on April 1, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Low-cost carrier JetBlue on Thursday announced it will reach net zero emissions by 2040, building on the airline’s existing voluntary emissions reduction (VER) pledge to offset GHGs from all domestic flights.

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Ever Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes

Published 08:31 on April 1, 2021  /  Last updated at 18:29 on April 1, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

A new Greek startup, inspired by the beached cargo ship that briefly blocked the Suez Canal, is floating the idea of generating carbon offsets from the incident and other similar events that feature disruptions to global trade or transport, including the movement of fossil fuels.

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Japan seeks to bring JCM in line with Paris Agreement requirements

Published 09:30 on March 31, 2021  /  Last updated at 09:30 on March 31, 2021  /  Asia Pacific, International, Japan, New Market Mechanisms, Other APAC  /  No Comments

Japan’s environment ministry has launched a review of its Joint Crediting Mechanism (JCM), with a view to making the scheme consistent with the Paris Agreement on issues such as avoiding double counting of carbon credits.

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UPDATE – Middle East carbon standard approved as newest CORSIA offset programme

Published 21:37 on March 30, 2021  /  Last updated at 15:23 on March 31, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.

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Indonesia launches trial carbon market for coal-fired power plants

Published 03:16 on March 30, 2021  /  Last updated at 09:49 on March 30, 2021  /  Asia Pacific, Other APAC  /  No Comments

Indonesia has launched a trial emissions trading scheme covering 80 coal-fired power plants that initially will run until August, according to the energy and mineral resources ministry.

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VCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness

Published 21:37 on March 29, 2021  /  Last updated at 22:03 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.  

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VER suppliers still subject to unbalanced scrutiny on carbon credits -developer

Published 21:47 on March 24, 2021  /  Last updated at 21:50 on March 24, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) generators are still facing disproportionate levels of scrutiny compared to the behaviours of corporate buyers, despite efforts of project proponents to work with communities and incorporate more social and economic goals, a REDD+ developer said Wednesday.

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South Korea issues first internationally generated offsets for domestic use

Published 08:48 on March 23, 2021  /  Last updated at 08:48 on March 23, 2021  /  Asia Pacific, Other APAC, South Korea  /  No Comments

South Korea has issued its first batch of Korean Offset Credits (KOCs) generated abroad and intended for use in its domestic emissions trading scheme.

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VCM Report: VER prices converge, while CORSIA credit premium emerges

Published 20:46 on March 22, 2021  /  Last updated at 11:57 on March 23, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.

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EXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market

Published 16:29 on March 22, 2021  /  Last updated at 00:13 on March 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.

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