VCM Report: CORSIA voluntary carbon futures spike looks overblown, say observers
Voluntary carbon futures eligible for Phase 1 CORSIA soared past $20 on the ICE bourse last week in the wake of a UN decision to block the approval of new supply into the international aviation emissions offsetting scheme, although S&P Global kept its related spot price assessment at $11.50.
Read MoreSouth Korea should optimise carbon pricing for power sector transition -study
South Korea should take into account the factor of carbon pricing when assessing the implementation cost for a net zero electricity system, according to a recent study.
Read MoreSeoul becomes first Korean city to earn carbon credits from bike-sharing scheme
Seoul has become the first local government in South Korea to secure certified carbon emissions credits through its public bike-sharing programme.
Read MorePressure on for Australian govt to halt massive Woodside LNG life extension
One of Australia’s most noted retired statesmen and politicians has co-signed a letter asking the environment minister to reject Woodside Energy’s plan to extend the life of a 40-plus year old LNG export plant to 2070, a move seen to result in several billion tonnes of CO2e emissions.
Read MoreSBTi has no plans to validate voluntary carbon credit use towards corporate emissions targets
The Science Based Targets initiative (SBTi) will not bow to pressure and validate the use of voluntary carbon credits to help a company achieve its emission targets, the body confirmed to Carbon Pulse Tuesday.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreEU carbon pricing policies could transform, bifurcate global LNG trade -consultancy
The global LNG market is at risk of major transformation and possible bifurcation if the EU extends its carbon pricing policies to include imports of the fuel, according to a major global consultancy.
Read MoreWater overlooked in voluntary sector but market potential tops 1.6 bln carbon credits a year, finds report
The total global potential for voluntary carbon credits generated from water-related projects could top 1.6 billion tonnes of CO2 a year, but the sector has been overlooked by project developers and investors, partly because of a lack of methodologies, finds a new report.
Read MoreSouth Korea moves to let securities firm launch OTC brokerage services in ETS
One of the largest Korean securities firms has been designated as an official broker for the country’s national emissions market, as the government seeks to open up the market to more participants.
Read MorePolitical leaders tout high hopes for nuclear power on the road to net zero emissions
Growing enthusiasm for nuclear energy was put on display at the first-ever Nuclear Energy Summit in Brussels on Thursday, but a new generation of nuclear power plants will not be possible without access to large amounts of finance, leaders stressed, while also acknowledging the industry’s image problem.
Read More
