Colombia’s proposed carbon tax reforms retain phase-in coal framework
New Colombian President Gustavo Petro retained phase-in carbon tax provisions on coal from the previous administration’s planned reforms, as well as inflation-adjusted annual increases to the levy that target equality and social justice objectives, according to a draft tax reform package submitted to Congress this week.
Read MoreCanadian firm pays €100/tonne for Brazilian biochar carbon credits
A Canadian VER investor has agreed to pay roughly €100 (C$130) per tonne to purchase biochar-based carbon credits from a Brazilian steelmaker.
Read MoreBahamas’ blue carbon market lets developed world off the hook for CO2 emissions -scientist
The Bahamas is letting the developed world avoid addressing its disproportionate responsibility for climate change by creating a ‘blue carbon’ market to protect the Caribbean islands’ large seagrass meadow, a scientist has warned.
Read MoreVoluntary carbon market value approaches $2 bln in 2021
The annual value of voluntary carbon market (VCM) transactions skyrocketed to nearly $2 billion last year, with both VER prices and traded volume increasing markedly year-on-year, a recent report showed.
Read MoreSingapore signs MoU with Colombia for Article 6-guided cooperation on carbon credits
Singapore has signed another Memorandum of Understanding (MoU) for bilateral collaboration on carbon credits in alignment with Article 6 guidelines, this time with Colombia, Singapore’s Ministry of Trade and Industry has announced.
Read MoreNew carbon offset protocol on bio-oil sequestration promises durable removals
A US-based firm on Tuesday released the first in a series of “science-led” standards for carbon removals in the voluntary carbon market (VCM), with the new protocol for bio-oil sequestration promising permanent emissions sequestration in contrast to some nature-based solutions.
Read MoreUS agriculture offset firm loses another senior staffer
The interim commercial director of a major US-based agricultural carbon offset firm has left the company, marking at least the fourth senior employee to depart the firm in the past 10 months.
Read MoreJust one-fifth of VER buyers disclosing carbon credit purchases in opaque market -report
Only a fraction of voluntary carbon market (VCM) buyers chose to self-report their offset purchases in 2021, according to a new report published Monday that provided insight on entities’ preferences for credit vintages, projects’ geographical locations, and co-benefits.
Read MoreVCM Report: Bear market continues as GEO price slumps close to CDM offsets
Voluntary carbon offset (VCM) prices slipped lower at the start of the week and then stabilised amid very thin liquidity with some standardised emissions reduction contracts trading only slightly above Clean Development Mechanism (CDM) credits, while nature-based credits continued to command a healthy premium.
Read MoreFEATURE: Huge looming REDD+ issuance sparks unease in voluntary carbon market
A massive REDD+ carbon credit issuance expected in the coming months has sparked unease from some experts that say the tens of millions of forest protection units are not fit for the voluntary market, while the willingness of buyers to support the efforts remains in the balance.
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