BHP Billiton updates climate targets, eyes REDD+ credits
Australia-headquartered mining firm BHP Billiton on Friday announced new medium-term emissions targets and said it is in the process of acquiring more carbon credits from two REDD+ projects as part of its new offset strategy.
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 MoreHSBC, Pollination team up to launch world’s largest natural capital offset fund
Climate-focused investment firm Pollination has teamed up with the wealth management arm of HSBC to develop the world’s largest fund focused on natural capital.
Read MoreGCF approves massive EBRD project to green industries in seven countries
The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative’s annual budget.
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.
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