New banking regulations “unduly penalise” EU carbon trading, financial markets trade group warns
New European banking regulations could unduly hamper global carbon trading by assigning an excessive risk weighting and penalising allowance carry trades in the EU ETS, a major trade organisation representing financial market participants has warned.
Read MoreOil industry falls short of 1.5C goals, finds study that takes a hard line on offsets
The world’s oil and gas industry is set to vastly exceed emissions levels compatible with limiting global warming to the Paris Agreement’s 1.5C goal, according to a study that gave no weight to the sector’s massive offset buying spree.
Read MoreTrading house opens Singapore carbon desk, former Shell traders join
A major Dutch-headquartered firm has become the latest trading house to expand its emissions business to the Asia-Pacific region, with at least two carbon traders joining from Shell.
Read MoreGlencore sets up Asian carbon desk, hires ex-BP traders
Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.
Read MoreClimate Action Reserve proposes forecast carbon credit methodology for forest fuel treatments
Offset registry Climate Action Reserve (CAR) on Monday announced it is developing an ex-ante crediting methodology for fuel treatments, including prescribed burns, in order to reduce the severity of wildfires in the western US.
Read MoreDisheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service
Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.
Read MoreBC First Nation, LNG companies offer net zero LNG export facility
A British Columbia First Nations group and two liquefied natural gas (LNG) firms on Monday announced a proposal to build a 12 million-tonne-per-year export facility, and are aiming to use carbon offsets as one of several strategies to counteract its emissions.
Read MoreCanada doles out funds to develop grasslands carbon offset system
The Canadian government on Monday announced an investment to develop a carbon offset system for grasslands, with several thousand tonnes of credits expected from these projects.
Read MoreVCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand
CORSIA-grade offset values on the voluntary carbon market (VCM) stretched all-time highs this week, while an analyst said yearly demand for voluntary emissions reductions (VERs) could eventually top out near the 2 billion-tonne mark.
Read MoreHong Kong to explore carbon market opportunities
Hong Kong will explore opportunities in establishing itself as a carbon trading centre for mandatory and voluntary carbon markets both in mainland China and internationally, with an initial focus on the Guangdong-HK-Macao greater Bay region.
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