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Colombia’s proposed carbon tax reforms retain phase-in coal framework

Published 22:45 on August 12, 2022  /  Last updated at 22:45 on August 12, 2022  /  Americas, Carbon Taxes, International, Nature-based, South & Central, Voluntary Market  /  No Comments

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. 

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Canadian firm pays €100/tonne for Brazilian biochar carbon credits

Published 22:57 on August 10, 2022  /  Last updated at 22:57 on August 10, 2022  /  Americas, Canada, EMEA, International, Nature-based, South & Central, Voluntary Market  /  No Comments

A Canadian VER investor has agreed to pay roughly €100 (C$130) per tonne to purchase biochar-based carbon credits from a Brazilian steelmaker.

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Bahamas’ blue carbon market lets developed world off the hook for CO2 emissions -scientist

Published 19:21 on August 3, 2022  /  Last updated at 19:57 on August 3, 2022  /  Americas, International, Nature-based, South & Central, Voluntary Market  /  No Comments

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.

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Voluntary carbon market value approaches $2 bln in 2021

Published 18:02 on August 3, 2022  /  Last updated at 12:12 on August 4, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Other APAC, South & Central, US, Voluntary Market  /  No Comments

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.

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Singapore signs MoU with Colombia for Article 6-guided cooperation on carbon credits

Published 07:50 on August 3, 2022  /  Last updated at 12:16 on August 9, 2022  /  Americas, Asia Pacific, Climate Talks, Nature-based, Other APAC, Paris Article 6, South & Central, Voluntary Market  /  No Comments

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.

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New carbon offset protocol on bio-oil sequestration promises durable removals

Published 14:30 on August 2, 2022  /  Last updated at 16:00 on August 2, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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. 

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US agriculture offset firm loses another senior staffer

Published 22:37 on August 1, 2022  /  Last updated at 22:37 on August 1, 2022  /  Americas, Bavardage, EMEA, International, Nature-based, South & Central, US, Voluntary Market  /  No Comments

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.

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Just one-fifth of VER buyers disclosing carbon credit purchases in opaque market -report

Published 21:39 on August 1, 2022  /  Last updated at 21:39 on August 1, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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VCM Report: Bear market continues as GEO price slumps close to CDM offsets

Published 17:44 on August 1, 2022  /  Last updated at 06:59 on August 2, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Nature-based, Other APAC, Paris Article 6, South & Central, US, Voluntary Market  /  No Comments

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.

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FEATURE: Huge looming REDD+ issuance sparks unease in voluntary carbon market

Published 15:10 on July 29, 2022  /  Last updated at 03:50 on July 30, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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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