World Bank cancels three potential REDD agreements
The World Bank-led Forest Carbon Partnership Facility (FCPF) has cancelled three possible deforestation reduction deals, while three others are expected to be agreed soon, a spokesperson confirmed to Carbon Pulse.
Read MoreVCM Report: VER prices tick up as market players question future increases
Voluntary carbon market (VCM) prices gained this week on continued strong demand in the spot market, though traders and retailers think more substantial price increases for voluntary emission reductions (VERs) may be a ways off.
Read MoreCORRECTION: Xpansiv launches nature-based carbon offset product
Spot commodities exchange and market data firm Xpansiv launched a nature-based version of its Global Emissions Offset (GEO) on Thursday, building on the firm’s spot and futures offerings of its CORSIA-aligned carbon credits.
Read MoreImpact investor Capricorn gives backing to venture building nature offsets portfolio
Impact investor Capricorn has taken a stake in a UK-based financier helping the venture to build a pool of nature-based offsets intended to be sold to buyers under long-term contracts.
Read MoreIHS Markit plans carbon offset ‘meta-registry’ to reduce double counting risk
Data and analytics firm IHS Markit announced on Tuesday its intent to launch the first global meta-registry for promoting liquidity and transparency in carbon markets, as well as lowering the risk of double counting or double claiming of credits.
Read MoreVCM Report: GEO futures climb during first week of trading
Voluntary emission reduction (VER) prices spiked this week as CME Group launched its CBL Global Emissions Offset (GEO) futures contract, while African project developers also noted that voluntary carbon market (VCM) prices and volumes have increased on the continent in recent months.
Read MoreShell receives Europe’s first carbon neutral LNG cargo as Brits seek out greener gas
Asia’s recent spurt of carbon neutral LNG shipments has spread to Europe, as British consumers spur efforts to green the country’s gas supply while direct solutions remain costly.
Read MoreFEATURE: Commoditisation of voluntary carbon market risks eroding gender-sensitive projects
Efforts to scale up the voluntary carbon market (VCM) could pose a “huge risk” for certifiers embedding gender equality practices into offset projects, experts said in light of International Women’s Day on Monday.
Read MoreUS carrier Delta to purchase 13 mln carbon offsets for 2020 emissions
Delta Air Lines announced plans on Thursday to spend more than $30 million on voluntary emissions reductions (VERs) to offset its GHG output last year, with the company slated to include forestry projects that reduce, avoid, and remove emissions in its portfolio.
Read MoreVerra sets out emissions baseline changes for multi-level REDD frameworks
Offset standard developer and manager Verra announced plans on Thursday to revise the methods for setting reference levels under its VCS project-level and Jurisdictional and Nested REDD+ (JNR) programmes, aiming to streamline emissions accounting and incorporate scientific best practices.
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