US airline JetBlue expands existing VER commitment with net zero pledge
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.
Read MoreEver Given-inspired Greek startup floats carbon offset scheme from disrupted ships, planes
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.
Read MoreJapan seeks to bring JCM in line with Paris Agreement requirements
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.
Read MoreUPDATE – Middle East carbon standard approved as newest CORSIA offset programme
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.
Read MoreIndonesia launches trial carbon market for coal-fired power plants
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.
Read MoreVCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness
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.
Read MoreVER suppliers still subject to unbalanced scrutiny on carbon credits -developer
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.
Read MoreSouth Korea issues first internationally generated offsets for domestic use
South Korea has issued its first batch of Korean Offset Credits (KOCs) generated abroad and intended for use in its domestic emissions trading scheme.
Read MoreVCM Report: VER prices converge, while CORSIA credit premium emerges
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.
Read MoreEXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market
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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