Verra 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.
Read MoreCOMMENT: New claims for a new era of private sector carbon finance
The voluntary carbon market can build a common understanding for a new financing claim beyond offsetting that represents the same commitment of taking responsibility for unabated emissions by mitigating carbon beyond boundaries, writes Sarah Leugers of Gold Standard.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreVCM taskforce moves forward with working groups to inform core carbon principles
A private sector voluntary carbon market (VCM) taskforce on Tuesday moved into the second phase of its development with three working groups and a ten-member advisory board to provide input on increasing the quality of voluntary emission reductions (VERs) and develop standard contracts and governance principles.
Read MoreStrong rebound risks cancelling out COVID-era emissions drop -IEA
A strong China-led rebound from last year’s coronavirus restrictions pushed global energy-related CO2 emissions above historical levels towards the end of 2020, International Energy Agency (IEA) data showed Tuesday.
Read MoreVCM Report: VER prices resume bullish 2021 path as first GEO futures trade
Voluntary emission reduction (VER) values trended higher this week as the first Global Emissions Offset (GEO) futures contracts transacted on Monday, while elevated interest in North American forestry and other project types provided a further boost.
Read MoreWorld’s climate pledges falling far behind target, UN report shows
Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.
Read MoreOFFICIAL CORRECTION: Colombia to propose carbon tax on coal in March -report
The Colombian government next month will introduce legislation to impose a CO2 tax on coal-fired power, expanding the reach of the country’s existing $5/tonne carbon fee, a media outlet reported Tuesday.
Read MoreQuebec organisation launches impact investment fund for forest carbon credits
Ecosystem restoration organisation Viridis Terra International launched a sustainable impact investment fund on Tuesday, targeting a 7% average annualised return on its initial batch of Peruvian forestry projects that will generate carbon credits and sustainable commodities.
Read MoreVCM Report: Market participants eye voluntary demand for California offsets
Voluntary emissions reduction (VER) values remained firm this week on persistent demand, while traders and project developers assessed whether more California compliance offset projects may seek higher values in the voluntary carbon market (VCM) going forward.
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