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VCM report: CORSIA-eligible credits again tick higher as Latam sellers shy away

Published 23:06 on June 28, 2021  /  Last updated at 23:23 on June 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

Prices for CORSIA-eligible voluntary emissions reductions (VERs) again advanced slightly this week, with one assessment hitting a new peak as some sellers are seen holding back in expectation that governments will eventually step in with regulation.

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Leaked draft suggests Brussels planning early EU ETS supply cuts, inclusion of int’l shipping

Published 20:05 on June 27, 2021  /  Last updated at 21:41 on July 12, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, Shipping, UK ETS  /  No Comments

The European Commission is planning carbon market reform proposals that would adjust downwards the scheme’s annual cap cut earlier than originally foreseen, while bringing into the ETS emissions from shipping routes outside of EU waters and tweaking the system’s supply control mechanism, according to a leaked draft seen by media.

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Cruise operator Norwegian to purchase 3 mln VERs through 2023

Published 22:46 on June 24, 2021  /  Last updated at 22:46 on June 24, 2021  /  Americas, International, REDD, Shipping, US, Voluntary Market  /  No Comments

Norwegian Cruise Line Holdings committed on Wednesday to purchase 3 million verified emissions reductions (VERs) over the next three years as part of its new voluntary offset programme, with an aim of ramping up this procurement in subsequent years.

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EU carbon price to spur shipping efficiency, but won’t alter fuel mix -draft

Published 17:35 on June 24, 2021  /  Last updated at 01:15 on June 25, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

The expected expansion of the EU’s carbon market to include shipping emissions will have little impact on the maritime sector’s fuel mix, the European Commission said in a leaked document of a proposal targeting an increased uptake of sustainable fuels.

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INTERVIEW: Startup founded by ex-BP risk boss aims to streamline net zero commodity trading

Published 11:01 on June 23, 2021  /  Last updated at 11:32 on June 23, 2021  /  Africa, Americas, Asia Pacific, China, Conversations, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, Other APAC, Shipping, South & Central, US, Voluntary Market  /  No Comments

With corporate net zero ambitions growing by the day, a startup led by oil major BP’s former risk boss wants to certify the carbon neutrality of the commodity transactions that will form the basis of many of these efforts.

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Japex, J-Power take steps to generate JCM offsets from Indonesian CCS projects

Published 15:03 on June 22, 2021  /  Last updated at 21:42 on July 12, 2021  /  Asia Pacific, Japan, Other APAC, Shipping  /  No Comments

Japan Petroleum Exploration Co. (Japex) and major power company J-Power have signed separate agreements with Indonesia’s state-owned Pertamina to earn carbon credits under the Joint Crediting Mechanism from CCS projects.

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UN shipping body postpones decision over global carbon levy, R&D fund

Published 19:54 on June 16, 2021  /  Last updated at 01:09 on June 17, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Japan, Shipping  /  No Comments

The International Maritime Organisation’s (IMO) environment committee on Wednesday discussed the introduction of a global carbon levy for ships but decided to postpone this and other decisions to an upcoming meeting in November.

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VCM Report: VER prices nudge higher as traders see growing upside potential

Published 20:37 on June 14, 2021  /  Last updated at 21:48 on July 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's National ETS, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) values largely extended their record highs over the past week, even as voluntary carbon market (VCM) participants thought some corporate buyers still weren’t accounting for upside risk in the rapidly expanding area.

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Global carbon price expectations surge as markets prove resilient to pandemic -survey

Published 08:00 on June 14, 2021  /  Last updated at 22:43 on June 14, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Carbon Taxes, CBAM, China, China's National ETS, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, New Market Mechanisms, New Zealand, REDD, Shipping, Voluntary Market  /  No Comments

Expected carbon prices over the next decade have increased for every major emissions trading system, reversing bearish sentiment of a year ago as the markets withstood impacts from the global pandemic, according to an annual survey of carbon market participants and observers published on Monday.

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Global shipping’s R&D fund seen getting top billing over carbon pricing at UN talks

Published 20:04 on June 10, 2021  /  Last updated at 00:32 on June 11, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, UK ETS, US  /  No Comments

The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a small fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures for the sector.

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