India, UK among just a handful of major nations on track to meet “fair share” Paris goals -report
Only four major economies are on track to meet what would have been their Paris Agreement goals under “fair share” criteria laid out by an international group, a report said this week.
Read MoreVCM Report: Carbon credit trade picks up in OTC market and for futures
Gears are shifting in voluntary carbon market volumes despite prices of many of the standardised contracts flatlining at very low digit levels, sources told Carbon Pulse on Monday.
Read MoreINTERVIEW: Startup reforestation company eyes lucrative ITMO market between Ghana and Singapore
A startup reforestation company with plots in Ghana has estimated that its breakeven costs could be as low as $6 per credit, as it eyes the potentially lucrative market for buyers of correspondingly adjusted ITMO credits in Singapore, while the African nation continues to advance its work to export units.
Read MoreVCM Report: Diverse REDD pricing creates odd backwardation in nearby curve as CME’s N-GEO future tumbles
Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.
Read MoreVCM Report: Bounce in V18 standardised REDD contracts masks moribund market
A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.
Read MoreSwiss entity raises fuel levy to buy an extra $663 million worth of ITMOs
A Swiss foundation is raising the fee it charges fuel distributors to help source a huge amount of international carbon credits required by a change in the nation’s climate law.
Read MoreSwitzerland schedules 2023-vintage allowance auction for November
Switzerland will sell 140,000 spot allowances over Nov. 13-15, the first of two planned CHU sales scheduled for this year, the government said on Wednesday.
Read MoreFirst Swiss carbon auction for 2023 sells out
Switzerland’s first carbon permit auction for 2023-vintage units has sold out.
Read MoreVCM Report: REDD sinks lower to add further gloom to the market
REDD avoided deforestation credits slipped lower last week to underline the lack of demand and reflecting an increasingly bleak voluntary carbon market as it waits the arrival of the ICVCM’s first batch of Core Carbon Principle labelled credits.
Read MoreOECD climate group to discuss national carbon pricing approaches, advance stocktake work at fall dialogue meeting
An OECD committee assembled to help improve the impact of emissions reduction efforts around the world through enhanced multilateralism will meet this autumn to discuss countries’ various carbon pricing approaches, as part of an initiative to take stock of global efforts, examine their effectiveness, and prevent carbon leakage.
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