Disheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service
Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.
Read MoreVCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand
CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.
Read MoreSweden seeks out Article 6 projects in the Dominican Republic
Sweden is inviting carbon-cutting projects in the Dominican Republic to bid to be the first initiatives that could ultimately deliver Paris Agreement-era carbon credits to the Nordic country.
Read MoreNo soil carbon protocol guarantees high quality offsets -research
None of the soil organic carbon protocols developed by third-party standards, start-ups, or governmental and academic organisations is doing enough to ensure high-quality outcomes, with the existing methodologies severely lacking in areas such as additionality and durability, according to a report published Thursday.
Read MoreVCM Report: VER issuances, retirements blossom in Q2 as prices increase further
Voluntary emissions reduction (VER) prices for CORSIA-eligible credits topped out above $3.00 last week to cap off a months-long voluntary carbon market (VCM) bull run, as registry data showed offset issuances and retirements rose significantly year-on-year in the second quarter of 2021.
Read MoreGermany launches tender to buy 175k CERs to offset 2020 government travel
Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.
Read MoreVoluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).
Read MoreGlobal banks partner to launch pilot voluntary offset platform
Four banks based on separate continents have launched a carbon offset platform, joining several marketplaces aiming to boost transparency in the OTC-based voluntary emissions reduction (VER) market.
Read MoreAXA investment arm acquires voluntary carbon offset platform ClimateSeed
The investment management arm of insurance giant AXA has purchased voluntary carbon offset platform ClimateSeed from BNP Paribas.
Read MoreICAO moves forward CORSIA emissions recovery forecast, drops offset cost estimates
Emissions under the global aviation offset programme CORSIA are expected to bounce back more quickly in the coming years, while carbon credit costs will still remain far below previously forecast levels, according to a committee of UN body ICAO’s Council.
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