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Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets

Published 22:56 on July 22, 2021  /  Last updated at 22:56 on July 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement’s 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree.

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Disheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service

Published 21:55 on July 20, 2021  /  Last updated at 12:29 on July 21, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, EMEA, International, Middle East, Other APAC, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.

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VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021  /  Last updated at 22:51 on July 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.

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Sweden seeks out Article 6 projects in the Dominican Republic

Published 18:50 on July 16, 2021  /  Last updated at 17:25 on July 19, 2021  /  Americas, Climate Talks, EMEA, International, Japan, New Market Mechanisms, REDD, South & Central, Switzerland  /  No Comments

Sweden is inviting carbon-cutting projects in the Dominican Republic to bid to be the first initiatives that could ultimately deliver Paris Agreement-era carbon credits to the Nordic country.

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Draft UN biodiversity text targets massive carbon cuts from natural ecosystems

Published 07:00 on July 13, 2021  /  Last updated at 08:50 on July 13, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Middle East, REDD, Voluntary Market  /  No Comments

The first draft of a post-2020 UN-led global biodiversity framework targets annual carbon reductions from natural ecosystems of 10 billion tonnes of CO2e by 2030, though observers doubted the number would survive upcoming negotiations.

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VCM Report: VER issuances, retirements blossom in Q2 as prices increase further

Published 18:50 on July 12, 2021  /  Last updated at 23:12 on July 12, 2021  /  Africa, Americas, Asia Pacific, 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 emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.

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Germany launches tender to buy 175k CERs to offset 2020 government travel

Published 20:41 on July 9, 2021  /  Last updated at 20:41 on July 9, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.

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UN envoy Carney stresses ‘modest, marginal’ role for offsets in corporate climate action

Published 18:21 on July 8, 2021  /  Last updated at 18:21 on July 8, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The voluntary carbon market should have an important, if marginal, role in corporate climate action, UN climate finance envoy Mark Carney said Thursday while setting out credible offsetting buying strategies.

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Voluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns

Published 13:57 on July 8, 2021  /  Last updated at 15:14 on July 8, 2021  /  Africa, Americas, Asia Pacific, Australia, 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

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).

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S&P Global Platts announces six AI-powered carbon credit indices

Published 16:28 on July 7, 2021  /  Last updated at 16:28 on July 7, 2021  /  Aviation/CORSIA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Tuesday proposed to launch six carbon credit indices from next month with Viridios AI that would reflect a wide variety of voluntary emissions reduction (VER) project types and co-benefits.

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