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Experts outline policy proposals to speed up direct air capture investment

Published 18:32 on June 17, 2022  /  Last updated at 18:32 on June 17, 2022  /  Americas, EMEA, EU ETS, International, Paris Article 6, US, Voluntary Market  /  No Comments

Multiple stakeholders across the science, investment, and policy sectors have this week outlined how governments should legislate to help scale direct air capture (DAC) technology as soon as possible and keep the world within a Paris-aligned warming target.

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Mitsui eyes Thai gas field for CCS under carbon credit scheme

Published 08:40 on June 17, 2022  /  Last updated at 08:40 on June 17, 2022  /  Asia Pacific, International, Japan, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

Japan’s Mitsui has secured government funding to explore the feasibility of launching a carbon capture and storage project at a gas field in the Gulf of Thailand that would earn carbon credits under the Joint Crediting Mechanism (JCM).

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UN talks bring climate damage to the fore ahead of Egypt summit

Published 20:41 on June 16, 2022  /  Last updated at 20:43 on June 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Rich-to-poor payments for climate-related harm is set to be the focus of year-end UN climate negotiations, experts said on Thursday as interim talks wrapped in Bonn amid concerns over whether voluntary carbon market infrastructure should feature in a new global emissions trading regime.

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Lack of policy development holds up PNG carbon sales, official says

Published 08:40 on June 15, 2022  /  Last updated at 08:40 on June 15, 2022  /  Asia Pacific, Other APAC, Paris Article 6, Voluntary Market  /  No Comments

The head of Papua New Guinea’s Climate Change Development Authority (CCDA) has told national media that a delay in government policy-making is holding up hundreds of millions of dollars in potential carbon credit revenue.

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UN climate talks outline steps needed to advance global carbon markets

Published 20:26 on June 14, 2022  /  Last updated at 19:34 on June 15, 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

UN climate negotiations in Bonn have outlined several technical issues that need to be addressed to advance government-level emissions trade, including infrastructure to track trade, accounting practicalities, and other issues that also have implications for the voluntary carbon market (VCM).

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Anew day dawns: Carbon credit firms Bluesource and Element Markets rename merged entity

Published 17:40 on June 14, 2022  /  Last updated at 18:08 on June 14, 2022  /  Americas, Canada, International, Nature-based, Paris Article 6, RINs & LCFS, US, Voluntary Market  /  No Comments

North American offset project developer Bluesource and environmental commodities company Element Markets have merged to form “Anew”, the companies announced Tuesday.

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VCM Report: Market wobbles as draft buyer standards and recession fears further weaken prices

Published 16:32 on June 13, 2022  /  Last updated at 16:32 on June 13, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

Standardised voluntary emission reduction (VER) credits returned to losses as participants scrambled to adjust positions following the publication of a set of draft buyer standards, amid a broader bearish outlook for prices due to wider macroeconomic weakness.

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Eighty five nations seek ‘share of proceeds’ from voluntary carbon market

Published 19:43 on June 10, 2022  /  Last updated at 19:45 on June 10, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Some 85 vulnerable countries are urging the voluntary carbon market to apply principles from the Paris Agreement’s Article 6 emissions trading rulebook, including shaving off a share of credit issuance proceeds to help them cope with a warmer climate.

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Gold Standard softens stance on adjusted credits in new claims guidelines

Published 20:13 on June 9, 2022  /  Last updated at 08:32 on June 10, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Carbon credit certifier Gold Standard issued new guidelines on Thursday for how its units can be used by voluntary buyers given the new Paris Agreement context, providing greater flexibility on the need for authorisation from the project’s host-country government.

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ANALYSIS: Buyer guidelines seen triggering demand blip as VCM pivots

Published 19:23 on June 8, 2022  /  Last updated at 08:52 on June 9, 2022  /  Aviation/CORSIA, International, Paris Article 6, Voluntary Market  /  No Comments

Guidelines to raise integrity in the use of carbon credits may cause a short-term dip in demand as buyers of lower quality units adjust their strategy or withdraw entirely, but many stakeholders believe that this will benefit the voluntary carbon market in the long run.

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