Swiss initiative taps trading firms to steer growth in climate neutral commodities
A Swiss non-profit is developing a method for standardising climate neutral commodity transactions, attracting interest from major trading houses keen to align with the Paris Agreement.
Read MoreCOMMENT: We’re still in – let’s align the voluntary carbon market with Paris rather than play by our own rules
Corresponding adjustments will be needed in the future whenever a carbon credit is used to offset emissions, to help ensure the promise is kept that the atmosphere is no worse off, argues Hugh Salway of voluntary carbon market certifier Gold Standard,
Read MoreGold Standard to mandate corresponding adjustments by 2025 in Paris-era offset trade plans
Voluntary carbon market certifier Gold Standard has proposed a phased timeline that would mean all its offsets will require corresponding adjustments by 2025, as well as setting tighter requirements for transitioning projects.
Read MoreOffset developer ecosecurities tilts to forestry as market shifts toward removals
Carbon offset project developer ecosecurities will focus on nature-based activities after years of pursuing varied approaches, and is considering teaming up with major producers to develop initiatives at scale.
Read MoreVCM Report: Offset prices nudge higher, while Shell ramps up retirements
Voluntary carbon market (VCM) prices gained slightly this week on continued strong volume, as oil major Shell retired several million offsets just before announcing its strategy to reach net zero emissions through markedly higher carbon credit usage.
Read MoreShell outlines net zero emissions plans involving ramped up offset, CCS use
Oil major Shell set out plans on Thursday to significantly scale up its demand for nature-based carbon credits and CCS as part of its rising climate ambition over the next 15 years.
Read MoreFinancial software firm invests in emissions exchange AirCarbon
Canadian financial software company Abaxx Technologies has agreed to invest in blockchain-based venture AirCarbon, with the potential to scale up the partnership further when the Singapore-based emissions platform develops a regulated futures market, the companies announced Thursday.
Read MoreMadagascar notches World Bank REDD deal
Madagascar signed an agreement last week with the World Bank-led Forest Carbon Partnership Facility (FCPF) to reduce emissions from deforestation and forest degradation, becoming the eleventh country to ink a REDD deal with the fund.
Read MoreIndonesian projects take the spoils as SE Asian offset market grows -report
The cumulative value of Southeast Asia-generated carbon credits surpassed $100 million last year, according to a report released this week, with projects in Indonesia securing around four-fifths of the total for their avoided deforestation efforts.
Read MoreVCM Report: Offset prices surge on heightened CORSIA credit interest
Voluntary emissions reduction (VER) values soared this week as more participants expressed interest in CORSIA-eligible credits following private sector efforts to scale up and standardise the voluntary carbon market (VCM).
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