VER suppliers still subject to unbalanced scrutiny on carbon credits -developer
Voluntary emissions reduction (VER) generators are still facing disproportionate levels of scrutiny compared to the behaviours of corporate buyers, despite efforts of project proponents to work with communities and incorporate more social and economic goals, a REDD+ developer said Wednesday.
Read MoreVCM Report: VER prices converge, while CORSIA credit premium emerges
Voluntary emission reduction (VER) prices between different exchange-traded products narrowed over the week, while voluntary carbon market (VCM) participants took note of entities tacking on a premium to credits eligible for UN body ICAO’s global aviation offset scheme CORSIA.
Read MoreEXCLUSIVE: Discredited, ageing Kyoto offsets re-emerge to taint voluntary carbon market
Years after being widely discredited, decade-old Kyoto Protocol offsets from Russia and Eastern Europe are still in circulation in the voluntary carbon market, with nearly 2.6 million sold to companies in the EU and US by an established trading house that said some buyers are seeking the cheapest possible credits.
Read MoreThree standards vie for eligibility in third round of CORSIA aviation offset scheme approvals
Three mainly forestry-related offset standards are seeking eligibility in the third round of applications under ICAO’s CORSIA aviation carbon trading scheme.
Read MoreEU anti-deforestation import rules still a ways off, but related due diligence could come sooner
A high-profile initiative focused on reducing forest-risk commodity (FRC) imports into the EU won’t be finalised for at least 18 months, but risk managers should take heed of broader guidance that dramatically expands corporate due diligence to cover a company’s entire supply chain, an MEP said Thursday.
Read More“Forceful, abrupt” international climate action response to birth US carbon price by 2025 -experts
Delayed efforts to combat climate change will result in a “forceful, abrupt, and disorderly” response by governments by 2025, which combined with protectionist policies will see the US introduce a national carbon pricing system by that date.
Read MoreUN’s COP26 climate summit in Glasgow to go ahead as planned this year -media
The UN’s COP26 climate summit will go ahead as planned in Glasgow later this year, the Scottish Government’s lead for the summit has reportedly said.
Read MoreOil company Eni to deepen co-development of forestry offset projects
Italian oil and gas firm Eni will avoid buying spot carbon offsets from brokers where possible, choosing instead to co-develop projects in partnership with developers and local actors, a company official said Wednesday.
Read MoreWorld Bank cancels three potential REDD agreements
The World Bank-led Forest Carbon Partnership Facility (FCPF) has cancelled three possible deforestation reduction deals, while three others are expected to be agreed soon, a spokesperson confirmed to Carbon Pulse.
Read MoreVCM Report: VER prices tick up as market players question future increases
Voluntary carbon market (VCM) prices gained this week on continued strong demand in the spot market, though traders and retailers think more substantial price increases for voluntary emission reductions (VERs) may be a ways off.
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