CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report
Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday.
Read MoreBrazil finalises lower RenovaBio targets as biofuel credit trade picks up
The Brazilian National Energy Policy Council (CNPE) has officially slashed the 2020 targets for the country’s RenovaBio programme in response to the COVID-19 pandemic, with the government’s decision spurring an increase in carbon credit trade under the biofuels market.
Read MoreANALYSIS: Standard opens door to voluntary offset use for company net zero goals
A popular corporate standard for net zero emissions goals has relaxed its previously hard line against the use of carbon credits, in a move that may fuel further growth in the voluntary offset market.
Read MoreThirteen global airlines commit to 2050 net zero emissions
The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.
Read MoreINTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards
Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.
Read MoreNew private sector taskforce seeks massive scale-up for voluntary carbon market
Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.
Read MoreCORSIA impacts weighing on otherwise resilient voluntary offset prices -developer
Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.
Read MoreCBL Markets introduces CORSIA-aligned global offset product
Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.
Read MoreCORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis
Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.
Read MoreNew jurisdictional REDD standard may generate offsets in 2021
The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.
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