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Norway’s Yara targets $23/tonne for agriculture-based VERs in new global alliance

Published 19:14 on May 7, 2021  /  Last updated at 23:18 on May 7, 2021  /  Americas, Asia Pacific, EMEA, International, New Market Mechanisms, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Norwegian fertiliser company Yara launched a new business on Friday aimed at generating voluntary emissions reductions (VERs) from farmlands worldwide at upwards of $20 per tonne, adding to the spate of agriculture-focused carbon programmes unveiled in the past year.

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Verra, Greenpeace square off over criticism of forest carbon credit methodologies

Published 23:14 on May 5, 2021  /  Last updated at 23:14 on May 5, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standard-setting body Verra this week accused Greenpeace of misrepresenting its forest carbon offset methodologies and cherry-picking expert opinions to undermine the credibility of its REDD+ projects in two recent articles.

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New Paris climate pledges to help cut projected warming to 2.4C -scientists

Published 11:54 on May 4, 2021  /  Last updated at 11:54 on May 4, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, US  /  No Comments

The new climate pledges announced during April’s US-led climate summit are projected to put the world on track for global warming of 2.4C above pre-industrial levels, a report published Tuesday showed, reflecting a drop from 2.6C previously but still far off the Paris Agreement’s 1.5-2C goals.

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VCM Report: VER prices slide further, while corresponding adjustment guidance exerts few impacts

Published 23:04 on May 3, 2021  /  Last updated at 23:07 on May 3, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emissions reduction (VER) prices trended down this week outside of nature-based offerings, while participants reported few direct pricing or liquidity impacts from Verra’s recent guidance to not require corresponding adjustments for voluntary carbon market (VCM) transfers.

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Colombian carbon tax reform package halted amid protests

Published 21:43 on May 3, 2021  /  Last updated at 22:42 on May 3, 2021  /  Americas, Carbon Taxes, South & Central, Voluntary Market  /  No Comments

Colombian President Ivan Duque Marquez asked Congress to withdraw a tax reform package on Sunday that included a revision to the country’s roughly $5/tonne CO2 levy after protests against other aspects of the proposal left several dead.

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Germany, Russia sign MoU to ship hydrogen via controversial gas pipeline

Published 18:28 on April 30, 2021  /  Last updated at 18:31 on April 30, 2021  /  Africa, Americas, Asia Pacific, Australia, China, EMEA, International, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

Germany and Russia have signed a €2 billion memorandum of understanding (MoU) to leverage the controversial gas pipeline Nord Stream 2 for the eventual distribution of hydrogen, even as the European Parliament called for the project to be halted due to rising tensions with Moscow.

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UN launches AI-based platform for natural capital accounting

Published 21:55 on April 29, 2021  /  Last updated at 21:55 on April 29, 2021  /  Africa, Americas, Asia Pacific, Australia, International, REDD, South & Central, US  /  No Comments

The UN and the Basque Centre for Climate Change (BC3) have unveiled a new tool for quantifying and accounting for ecosystem values under a previously-launched framework and standard, a facility designed to complement current measurements of GDP.

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Offset-spurning Nestle letting some of its brands buy carbon credits to expedite neutrality

Published 23:09 on April 27, 2021  /  Last updated at 11:48 on April 28, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Other APAC, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

The world’s largest food conglomerate Nestle has joined the growing number of companies mostly shunning offsets in their quest for net zero emissions, though the Swiss-headquartered firm said it will make exceptions for its brands that want “move faster” towards carbon neutrality.

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WITHDRAWN – Voluntary carbon market taskforce set to snub project co-benefits

Published 22:00 on April 27, 2021  /  Last updated at 21:39 on May 5, 2021  /  Africa, Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

This article has been withdrawn due to a misinterpretation of remarks made by Standard Chartered’s Chris Leeds at City and Financial’s Future of Carbon Pricing conference.

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Increased financial sector participation to dramatically change voluntary carbon market -panel

Published 19:47 on April 27, 2021  /  Last updated at 19:50 on April 27, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The structure of voluntary carbon markets (VCM) is expected to change dramatically as financial institutions become ever-larger participants in the space and corporate purchasing decisions shift from marketing departments to finance, a conference heard on Tuesday.

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