Top

Insurance products emerging to guard against Paris-era carbon market risks

Published 14:09 on May 26, 2022  /  Last updated at 14:09 on May 26, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Insurance mechanisms are emerging as a way to guard against policy reversal in carbon markets, where some say these products could mitigate the risk of government U-turns or other political risks associated with Paris-aligned emissions trade.

Read More
Top

UPDATE – Boundaries increasingly blurred between voluntary and compliance markets as standards are pending

Published 15:21 on May 25, 2022  /  Last updated at 22:58 on May 25, 2022  /  Aviation/CORSIA, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

The difference between the voluntary carbon market (VCM) and compliance carbon markets will continue to blur, speakers told a conference on Wednesday, ahead of hotly-anticipated standards to be published later this year.

Read More
Top

Quad countries to support Article 6, carbon markets in the Indo-Pacific

Published 10:36 on May 25, 2022  /  Last updated at 10:36 on May 25, 2022  /  Americas, Asia Pacific, Australia, International, Japan, Other APAC, Paris Article 6, US, Voluntary Market  /  No Comments

The four nations known as the Quad countries – Australia, India, Japan, and the US – will launch a mission to help the Indo-Pacific region implement Article 6 of the Paris Agreement while backing high-quality carbon markets.

Read More
Top

Green groups push tropical forest VER buyers towards jurisdictional, reduction-based credits

Published 21:29 on May 24, 2022  /  Last updated at 21:29 on May 24, 2022  /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary Market  /  No Comments

A coalition of eight environmental and Indigenous NGOs on Tuesday released a new set of guidelines for purchasing tropical forest voluntary emissions reductions (VERs), arguing companies should favour initiatives that span entire jurisdictions and prioritise emissions reductions over removals. 

Read More
Top

Climate ‘meta-registry’ eyes November launch after extensive testing

Published 17:43 on May 24, 2022  /  Last updated at 17:43 on May 24, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, CBAM, Climate Talks, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

A global blockchain-enabled system to transfer carbon units and track meta data of credits between various registries is due to launch in November after three years of testing.

Read More
Top

Less than 4% of global GHGs covered by a sufficient carbon price to meet 2030 goals

Published 17:24 on May 24, 2022  /  Last updated at 17:25 on May 24, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, EU ETS, International, Nature-based, New Zealand, Paris Article 6, US, Voluntary Market  /  No Comments

Despite direct carbon price instruments covering almost one quarter of global greenhouse gas (GHG) emissions bringing in $84 billion in 2021, less than 4% are within a system with a sufficient price to meet Paris Agreement-aligned 2030 climate goals, a report from the World Bank said Tuesday.

Read More
Top

VCM Report: Nature-based credit prices resilient as technology offsets extend slump

Published 16:51 on May 23, 2022  /  Last updated at 17:36 on May 23, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

Technology voluntary emissions reductions (VERs) extended losses for a seventh consecutive week to set a new nine-month low as offsets continued to track tumbling stock markets, while nature-based credits retained their recent resilience to move sideways.

Read More
Top

Five multinationals join facility aiming to buy 1 mln carbon removals credits by 2030

Published 23:01 on May 22, 2022  /  Last updated at 17:37 on May 20, 2022  /  International, Paris Article 6, Voluntary Market  /  No Comments

Five global firms have joined a facility that seeks to forward purchase one million carbon removal credits (CDR) at a targeted average price of $200 a tonne of CO2e through 2030, aiming to drive nascent technologies to scale.

Read More
Top

Brazil government invites sectors to set own emissions goals under Paris pledge

Published 19:52 on May 20, 2022  /  Last updated at 19:52 on May 20, 2022  /  Americas, Aviation/CORSIA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary Market  /  No Comments

The government of right-wing Brazilian President Jair Bolsonaro wants all the country’s economic sectors to set their own emissions goals provided the targets collectively deliver its pledge to the Paris Agreement.

Read More
Top

VCM initiative delays publication of Core Carbon Principles to Q4

Published 17:03 on May 20, 2022  /  Last updated at 17:36 on May 20, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

The cross-stakeholder Integrity Council for the Voluntary Carbon Market (IC-VCM) updated its timeline for publishing its long-awaited carbon offset quality standards on Friday, delaying their release by one quarter to Q4, with the public consultation on draft guidelines pushed back two months to July.

Read More