Swiss eye reverse VAT charges on more types of CO2 credits to prevent tax fraud
Switzerland has proposed introducing a reverse charge mechanism for VAT on more types of emissions trading in an effort to prevent tax fraud.
Read MoreICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.
Read MoreGHG removal platform Puro.earth focuses on web sales in search for scale
Greenhouse gas removal platform Puro.earth has paused its bi-monthly auctions, favouring web sales to bolster trade in its premium-priced credits for the voluntary carbon market.
Read MoreAustralia’s biggest emitter launches carbon neutral product
Australia’s biggest emitter on Tuesday announced the launch of a carbon neutral electricity product that will offer offset-backed power to customers, and it plans to roll out similar options across its entire product portfolio.
Read MoreUS threatens CORSIA exit if GHG baseline decision not made next week
The US will opt out of the first three years of the CORSIA offset mechanism for global air travel if other countries do not agree to alter the programme’s emissions baseline next week, with other nations potentially following suit, a Dutch minister said Friday.
Read MoreUS voluntary offset bill could throw lifeline to rural sector -stakeholders
Bipartisan US Congressional legislation to help farmers and landowners participate in voluntary carbon markets could aid a sector that has recently experienced economic turmoil through trade wars and declining margins, agriculture groups and other stakeholders said Wednesday.
Read MoreCalifornia offset issuances rise to 1.9 mln on new forestry project
California granted more than 1.9 million new compliance offsets this week as the bulk of the credits went to a Washington-based forestry project on tribal lands, according to data published by regulator ARB on Wednesday.
Read MoreUS, Singapore carbon firms partner to develop cookstove projects
Two carbon specialist firms have partnered to develop cookstove carbon offset projects with co-benefits in Africa and Asia – investments for which they are still pursuing funding.
Read MorePandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey
The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.
Read MoreMajor Chinese oil firm buys “carbon neutral” LNG from Shell
One of China’s biggest oil companies has agreed to buy carbon credits along with two shipments of LNG from Shell, seeking to offset all the lifecycle emissions associated with the shipment in the first such deal for mainland China.
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