Vietnam plans for major carbon emissions boom under new NDC
Vietnam has submitted a new Nationally Determined Contribution (NDC) plan to the UN that will allow the country’s covered sectors to emit tens of millions of tonnes in additional greenhouse gases by 2030 compared what it pledged at climate talks in Paris five years ago.
Read MoreINTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards
Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.
Read MoreNew private sector taskforce seeks massive scale-up for voluntary carbon market
Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.
Read MoreCORSIA impacts weighing on otherwise resilient voluntary offset prices -developer
Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.
Read MoreCBL Markets introduces CORSIA-aligned global offset product
Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.
Read MoreCORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis
Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.
Read MoreNew jurisdictional REDD standard may generate offsets in 2021
The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.
Read MoreParis-compliant CO2 price could impact third of global mines -analysis
Implementing a carbon price in line with the global temperature limits of the Paris Agreement could expose nearly a third of mines worldwide to higher costs, with gold mining operations in South Africa seen bearing some of the greatest impacts, analysis released Thursday showed.
Read MoreVerra offers proposal for tagging Paris-eligible carbon credits
Offset standard developer and manager Verra has released a public consultation regarding how to identify VCS credits that will be eligible for trade under the Paris Agreement, becoming the latest organisation to seek a differentiation based on whether or not host countries make corresponding adjustments to their emissions inventories.
Read MoreCARBON PULSE CONVERSATIONS 016: EDF and WWF on CORSIA
In the latest edition of our Carbon Pulse Conversations podcast, we speak with Environmental Defense Fund (EDF) International Counsel Annie Petsonk and WWF Director of Carbon Market Governance and Aviation Brad Schallert about recent developments regarding UN body ICAO’s global aviation offsetting mechanism CORSIA.
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