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New banking regulations “unduly penalise” EU carbon trading, financial markets trade group warns

Published 14:43 on July 23, 2021  /  Last updated at 12:31 on July 24, 2021  /  Americas, EMEA, EU ETS, International, UK ETS, US, Voluntary Market  /  No Comments

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.

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Oil industry falls short of 1.5C goals, finds study that takes a hard line on offsets

Published 22:56 on July 22, 2021  /  Last updated at 22:56 on July 22, 2021  /  Americas, Asia Pacific, EMEA, International, REDD, Voluntary Market  /  No Comments

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.

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Trading house opens Singapore carbon desk, former Shell traders join

Published 09:11 on July 22, 2021  /  Last updated at 09:11 on July 22, 2021  /  Asia Pacific, Australia, Bavardage, China, China's National ETS, China's Offset Market, Other APAC, Voluntary Market  /  No Comments

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.

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Glencore sets up Asian carbon desk, hires ex-BP traders

Published 12:00 on July 21, 2021  /  Last updated at 12:25 on July 21, 2021  /  Asia Pacific, Australia, Bavardage, China, China's National ETS, China's Offset Market, International, New Zealand, Other APAC, Voluntary Market  /  No Comments

Commodity trading house Glencore has set up an emissions desk in Singapore, with a former BP carbon trader heading up operations.

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Climate Action Reserve proposes forecast carbon credit methodology for forest fuel treatments

Published 22:30 on July 20, 2021  /  Last updated at 16:13 on July 21, 2021  /  Americas, US, Voluntary Market  /  No Comments

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.

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Disheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service

Published 21:55 on July 20, 2021  /  Last updated at 12:29 on July 21, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Bavardage, EMEA, International, Middle East, Other APAC, REDD, Shipping, South & Central, Voluntary Market  /  No Comments

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.

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BC First Nation, LNG companies offer net zero LNG export facility

Published 23:00 on July 19, 2021  /  Last updated at 23:00 on July 19, 2021  /  Americas, Canada, International, Voluntary Market  /  No Comments

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. 

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Canada doles out funds to develop grasslands carbon offset system

Published 22:54 on July 19, 2021  /  Last updated at 22:54 on July 19, 2021  /  Americas, Canada, Voluntary Market  /  No Comments

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.

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VCM Report: CORSIA credit prices press higher, analyst predicts 2 bln-tonne annual VER demand

Published 22:51 on July 19, 2021  /  Last updated at 22:51 on July 19, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Hong Kong to explore carbon market opportunities

Published 11:06 on July 16, 2021  /  Last updated at 12:11 on July 16, 2021  /  Asia Pacific, China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Other APAC, Voluntary Market  /  No Comments

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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