VCM Report: Interest rate hikes and dollar strength weighs on market
Standardised nature-based offsets slumped lower over the past week as the wider marco-economic gloom and the strength of the dollar weighed on the market.
Read MoreUK airline EasyJet to halt VER purchases in new net zero plan
Low-cost air carrier EasyJet on Monday announced it will soon stop automatically purchasing carbon credits to offset flight emissions as part of its net zero roadmap, and instead focus on a suite of other GHG mitigation strategies in its SBTi-aligned plan.
Read MoreSwitzerland signs bilateral carbon deals with Morocco, Malawi, and Uruguay
The Swiss executive governing body has approved three bilateral agreements with Morocco, Malawi, and Uruguay, creating the framework conditions for the country to trade international carbon emissions reductions units to count towards Paris Agreement climate goals.
Read MoreFEATURE: Transition risks grow as climate lawsuits against governments accelerate
A record number of lawsuits against government climate action were filed last year, building pressure to bolster ambition and a move by vulnerable states to involve the International Court of Justice.
Read MoreLoose SDG claims could leave offset buyers duped, warns report
A lack of standardisation in framing Sustainable Development Goals (SDG) could leave buyers of offsets duped over the social, environment and economic benefits of a project in the voluntary carbon market (VCM), according to a report published on Thursday.
Read MoreGovernments to gather at COP27 to steer forest funding via new partnership
Moves are underway to cement a collective pledge by 141 countries to arrest and reverse deforestation by 2030 into a cohesive partnership at November’s COP27 UN climate conference in Sharm el-Sheikh that includes cooperation on carbon markets.
Read MoreVCM analytics firm signs deals with brokers to boost customer offering
A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.
Read MoreVCM Report: Dearth of fresh issuance lifts nature-based offsets, but liquidity still thin
A dearth of REDD recent-vintage issuance coupled with news of a slight year-on-year increase in offset retirement levels helped push up nature offset prices over the week, although liquidity remained thin.
Read MoreSupervisory Body narrows down fee levels for UN carbon credit mechanism
The appointed body overseeing the UN’s new carbon crediting mechanism began its second-ever meeting on Monday, with limited time remaining to shape recommendations before the Egypt COP27 UN climate talks this November, including on fee levels related to project registration and credit issuance.
Read MoreREDD developer seeks new revenue share model amid expansion
A REDD forestry project developer is negotiating a new revenue share model from offset sales in the Democratic Republic of Congo (DRC), at a time when heightened prices are helping to spur booming activity.
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