Voluntary carbon credit retirements maintain pace in February, on track to reach 233 mln this year
Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.
Read MoreSwitzerland and Ghana authorise first ITMOs from cookstove carbon project
Switzerland and Ghana have authorised the first sovereign carbon credits from a cookstoves project, meaning that once issued and transacted, they can be used towards the European country’s national Paris Agreement climate target.
Read MoreICVCM revises down number of voluntary carbon credit methodologies assessed for integrity stamp, but promises quick turnaround
Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.
Read MoreFEATURE: UK-EU ETS linkage needed to avert crisis in Northern Ireland despite carbon border tariff, but potential for WTO challenge remains
The UK must make overtures to link its ETS to the EU’s emissions market in order to avoid substantial carbon tariff burdens in Northern Ireland, though ‘non-discrimination’ challenges could apply under World Trade Organisation (WTO) rules regardless, experts have told Carbon Pulse.
Read MoreVCM Report: Second oil major makes a splash in retirement of voluntary carbon credits
A huge number of African REDD voluntary carbon credits were retired by an oil and gas major last week, but spot activity was thin and trading generally lacklustre as prices kept steady.
Read MoreCompliance markets will bring guardrails, scale to voluntary carbon as the two converge -experts
The regulatory backbone of compliance mechanisms will help to support and scale the voluntary carbon market (VCM) as the two increasingly overlap, with buyers moving away from individual project assessment to rely instead on the oversight of schemes like CORSIA and Article 6 as a benchmark for credit quality, experts told a webinar Wednesday.
Read MoreVCM Report: Integrity drive undermined by large trade in near-worthless voluntary carbon credits
Prices barely moved last week and trade thinned to curtail some early exuberance of a revival of the voluntary carbon market this year after a trough in the second half of 2023, although retirement levels remained healthy.
Read MoreGlobal carbon markets post 2% increase in value in 2023 -analysts
Global carbon markets expanded for a fifth straight year in 2023, though the 2% annual growth rate was significantly slower compared to the prior year, analysts said.
Read MoreGhana on collision course with UN as it presses ahead with cookstoves emissions calculation
Ghana will press ahead with its own calculation for crediting emissions reductions from cookstoves projects by the end of the second quarter, the African country revealed this week, in a move that could clash with UN plans to create a global carbon standard for the thorny issue.
Read MoreGhana expects to finalise first Article 6.2 transfer by Q3
The Ghanaian government plans to deliver its first batch of ITMOs under Article 6.2 of the Paris Agreement by Q3 2024, according to a report released Thursday.
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