Trafigura teams up with software firm to set up platform for tracking supply chain emissions
Trafigura has joined forces with a US software company, Palantir, to develop a technology services platform for the calculation and reporting of emissions across commodity supply chains, the global commodities trader announced on Tuesday.
Read MoreUS prairie conservation offset project wins AAA rating
A carbon credit ratings agency has awarded ratings to three more projects in the past week, but only one was given a high likelihood of avoiding or removing one tonne of CO2 equivalent, while the other two were given a moderate chance.
Read MoreVCM Report: Nature-based credit prices resilient as technology offsets extend slump
Technology voluntary emissions reductions (VERs) extended losses for a seventh consecutive week to set a new nine-month low as offsets continued to track tumbling stock markets, while nature-based credits retained their recent resilience to move sideways.
Read MoreIndonesia warns double standards undermine its ‘green’ policies
The tricky mix of scaling the voluntary carbon market (VCM) amid the machinations of international trade disputes came to the fore at a conference Monday after an Indonesian minister accused the West of double standards.
Read MoreChina issues first bivalve carbon offsets
A Chinese province has become the first to reward shellfish farming with carbon credits, though market participants were dubious about the new units and many details remain unclear.
Read MoreFive multinationals join facility aiming to buy 1 mln carbon removals credits by 2030
Five global firms have joined a facility that seeks to forward purchase one million carbon removal credits (CDR) at a targeted average price of $200 a tonne of CO2e through 2030, aiming to drive nascent technologies to scale.
Read MoreVCM demand bulge for carbon removals needs integrity pairing -report
There are no durable CO2 removal credits being offered from projects issuing carbon credits in 2021-22 on the voluntary carbon market (VCM), according to a report that assesses trends across the four largest offset registries, and also points out other challenges with carbon offset supply.
Read MoreEU Parliament vote reignites debate on role of carbon removals
The European Commission should assess and spell out how to enhance carbon dioxide removals (CDR) in a new legislative proposal by no later than 2025, the European Parliament’s environment committee (ENVI) said in a vote on the bloc’s carbon market earlier this week.
Read MoreBrazil government invites sectors to set own emissions goals under Paris pledge
The government of right-wing Brazilian President Jair Bolsonaro wants all the country’s economic sectors to set their own emissions goals provided the targets collectively deliver its pledge to the Paris Agreement.
Read MoreCompliance markets alone to double global use of carbon credits, says bank
Rules that allow offsets in five compliance markets, including China, could drive nearly as much demand for carbon credits as were issued under the entire voluntary carbon market (VCM) last year, a bank report found Friday, adding that the trend is likely to rise.
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