High retirements of carbon credits in January shrinks oversupply for second month in a row
Retirements of carbon credits from the four largest voluntary carbon registries topped 20 million and outstripped issuances in January, although momentum slowed from the surprisingly high level of retirements in December, data from the Carbon Pulse VCM Portal shows.
Read MoreVCM Report: Carbon credit prices edge lower, cookstoves shrug off bad press
A few big ticket bids kept interest alive in the voluntary carbon market last week that generally edged lower amid thin liquidity, bashed by another bout of bad press.
Read MoreAxis and allies: Researchers map countries likely to support, oppose EU’s CBAM
Researchers have identified the countries most likely to the support the EU’s Carbon Border Adjustment Mechanism (CBAM), and therefore which governments are most willing to accept it amid an objective of securing the policy’s survival and broader adoption globally.
Read MoreANALYSIS: Lag in Swiss funding revives additionality questions over Thai Article 6 carbon sales
The lag between project inception and receipt of financing in the world’s first internationally transferred mitigation outcomes (ITMOs) – transacted in January from Thailand to Switzerland – is raising questions about the financial additionality of these credits traded under the Paris Agreement’s Article 6.2, experts have told Carbon Pulse.
Read MoreSurvey adds pressure on SBTi to allow carbon credits for Scope 3 emissions targets
Pressure is mounting on the Science-Based Targets initiative (SBTi) to allow companies to use carbon credits to meet emissions reductions targets, after a survey of corporate big hitters found a healthy majority said it would galvanise meeting their mitigation goals.
Read MoreVCM Report: High number of carbon credits retired, but large number old and near-worthless
Retirement of credits continued at a healthy pace last week to underline ongoing demand, although a large chunk of the credits were pre-2016 vintage, and some were from before 2010.
Read MoreVCM Report: Shell and signs of a REDD revival dominate voluntary carbon market
Shell’s ongoing retirement spree and signs of a REDD revival for fresh vintage credits dominated voluntary carbon market activity over the past week.
Read MoreShell’s huge carbon credit retirement spree includes 1 mln units linked to discredited rice methodology
Oil major Shell has retired more than a million credits this week that were generated from a discredited UN rice farming methodology deactivated by certifier Verra last March amid integrity concerns.
Read MoreINTERVIEW: Shift to net zero emission concrete gains pace with CO2 storage solution
Swiss researchers have developed a net zero emission concrete process that relies on producing uniform carbon-rich pellets that can be easily incorporated into concrete aggregate, with potential to generate carbon removal credits in future.
Read MoreUPDATE – Shell retires 3 million carbon credits in a day to keep December pace going
Oil major Shell has continued to retire high numbers of carbon credits this week, maintaining the market-leading pace it set in December that was enough to see the year’s total on major registries top the levels of the previous year.
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