Uncertain legal nature of voluntary carbon credits holding back market -financial trade body
The fast-growing market for voluntary carbon credits would be bolstered by the further development of derivatives trading, but several key legal issues including the uncertain legal nature of offsets need to first be addressed, a major financial industry trade association has said.
Read MoreAustralian investor signs deal with developer for African carbon offsets
An Australian investor has signed a €10 million offtake deal that will secure it several hundred thousand voluntary carbon credits created from cookstove projects in East Africa over the next five years.
Read MoreAustralian Big Four bank hires ex-broker for carbon job
One of Australia’s four big banks has appointed a former emissions broker as its new associate director for carbon trading.
Read MoreExxonMobil sets Scope 1 and 2 GHG emissions intensity targets for 2030
US oil and gas major ExxonMobil has for the first time set emissions targets for 2030, extending a commitment that it made last year to cut the emissions intensity of its operations by 2025.
Read MoreCrypto outfit sells single voluntary carbon credit for $70,000
A UK-based crypto currency venture has sold a single carbon credit for $70,000 without stating where the unit came from, a price astronomically higher than what units fetch in the voluntary carbon market.
Read MoreMalaysia eyes late 2022 start for domestic carbon market
Malaysia plans to launch a domestic emissions trading market late next year, beginning with voluntary offset trade before rolling out an ETS at a later date, the country’s environment minister said Wednesday.
Read MoreInpex inks four more “carbon neutral” gas deals
Inpex, Japan’s largest oil and gas operator, has signed four separate carbon neutral gas agreements with local Japanese gas and power companies, the company has announced.
Read MoreUN aviation body rejects latest offsetter applicants under CORSIA
UN aviation body ICAO’s Council has rejected all three of this year’s applications for eligibility under its CORSIA carbon offsetting scheme, declining to add the land-based initiatives to the seven programmes approved to date to provide airlines with a supply of carbon credits.
Read MoreAustralia to launch pilot scheme for voluntary emissions targets
Australia on Tuesday announced a pilot scheme that will show big emitters’ progress towards their voluntary emissions commitments, including the use of carbon credits.
Read MoreVCM Report: VER price hike slows near record levels amid post-COP lull
Voluntary emissions reduction (VER) prices edged to new heights in some standardised contracts this week, while others slipped back amid subdued holiday-interrupted trade following the COP26 UN climate talks earlier in the month.
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