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Quality conundrum: How carbon credit ratings agencies reach for trust

Published 21:58 on July 25, 2022 / Last updated at 23:40 on July 25, 2022 / Katherine Monahan / 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

The landscape of carbon credit rating agencies continues to build pace, with new services springing up to help buyers navigate the complex world of voluntary carbon credits, including by determining which projects offer climate-champion attributes versus those that add reputational risk to corporate claims.

Loss and damage “shield” to be launched at COP27 -Petersberg Climate Dialogue

Published 20:27 on July 19, 2022 / Last updated at 20:38 on July 19, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US

Germany confirmed details of its proposed “global shield” on Tuesday, aiming to “acknowledge” and “address” loss and damage caused by climate change impacts on the world’s most vulnerable countries, while the nation also announced a new partnership to import natural gas and hydrogen.

Australia and Pacific Island UN COP could be held as early as 2024

Published 20:18 on July 18, 2022 / Last updated at 00:11 on July 19, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US

National leaders have welcomed Australia’s proposed bid to jointly host the UN’s annual climate conference in partnership with Pacific Island countries as early as 2024, propelling the proposal through to the next stage in the process.

ANALYSIS: More than 100 mln sovereign forest credits set to reach VCM by autumn

Published 13:56 on July 18, 2022 / Last updated at 17:00 on July 18, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Governments from tropical forest countries are poised to issue more than a hundred million sovereign carbon credits, which are slated to hit the voluntary carbon market (VCM) this autumn – adding significant weight to a forest credit inventory that historically derived from a scattering of smaller-scale projects.

Zero-emissions economy could still use 9 million barrels of oil per day -report

Published 18:14 on July 13, 2022 / Last updated at 22:36 on July 13, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US

The world could still burn nine million barrels of oil a day and substantial amounts of gas under a mid-century net zero scenario if carbon capture use and storage (CCUS) was more quickly deployed at scale, according to analysis published on Wednesday.

SK Market: Korean monthly auction sells out as new compliance cycle improves mood

Published 09:14 on July 13, 2022 / Last updated at 09:14 on July 13, 2022 / Stian Reklev / Asia Pacific, South Korea

South Korea’s monthly CO2 permit auction on Wednesday was oversubscribed for the first time in over a year as the start of the 2022 compliance cycle brings a more upbeat mood to the market.

Demand for nature credits set to outstrip supply for tropical forest nations -analysis

Published 20:58 on July 5, 2022 / Last updated at 20:58 on July 5, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Corporate demand for forest-related carbon credits is set to vastly outstrip available supply over the next 30 years, according to research published Tuesday that suggests a sufficient enough pool of carbon finance to allow governments to take on more ambitious measures to save and restore tropical forests.

Industry group pushes for Korea ETS link to international voluntary market

Published 10:58 on July 4, 2022 / Last updated at 10:59 on July 4, 2022 / Stian Reklev / Asia Pacific, International, Paris Article 6, South Korea, Voluntary

A major South Korean industry group is pushing for the government to allow access for emitters covered by the nation’s emissions trading scheme to import Paris-aligned voluntary credits.

VCM should brace for mass changes on carbon credit credibility -experts

Published 20:20 on June 30, 2022 / Last updated at 20:20 on June 30, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary

Experts at Sylvera’s carbon market summit on Thursday said that huge changes are coming to the voluntary carbon market (VCM) over the coming months as private and public initiatives shore up guidance to address credibility concerns.

Japanese firms develop clean ammonia supply chain with UAE

Published 06:17 on June 30, 2022 / Last updated at 07:04 on June 30, 2022 / Peter Kiernan / Asia Pacific, EMEA, Japan, South Korea

Three Japanese companies have successfully demonstrated a clean ammonia supply chain to link Japan to the oil and gas-rich United Arab Emirates, they announced Thursday.

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