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Trafigura teams up with software firm to set up platform for tracking supply chain emissions

Published 08:15 on May 24, 2022  /  Last updated at 08:15 on May 24, 2022  /  Bavardage, International, Voluntary Market  /  No Comments

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.

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US prairie conservation offset project wins AAA rating

Published 19:26 on May 23, 2022  /  Last updated at 19:51 on May 23, 2022  /  Asia Pacific, Nature-based, US, Voluntary Market  /  No Comments

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.

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VCM Report: Nature-based credit prices resilient as technology offsets extend slump

Published 16:51 on May 23, 2022  /  Last updated at 17:36 on May 23, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Nature-based, Paris Article 6, US, Voluntary Market  /  No Comments

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.

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Indonesia warns double standards undermine its ‘green’ policies

Published 15:21 on May 23, 2022  /  Last updated at 02:26 on May 24, 2022  /  Americas, Asia Pacific, EMEA, International, Nature-based, Other APAC, US, Voluntary Market  /  No Comments

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.

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China issues first bivalve carbon offsets

Published 12:07 on May 23, 2022  /  Last updated at 12:07 on May 23, 2022  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

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.

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Five multinationals join facility aiming to buy 1 mln carbon removals credits by 2030

Published 23:01 on May 22, 2022  /  Last updated at 17:37 on May 20, 2022  /  International, Paris Article 6, Voluntary Market  /  No Comments

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.

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VCM demand bulge for carbon removals needs integrity pairing -report

Published 21:19 on May 20, 2022  /  Last updated at 11:54 on May 21, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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EU Parliament vote reignites debate on role of carbon removals

Published 19:55 on May 20, 2022  /  Last updated at 19:55 on May 20, 2022  /  EMEA, EU ETS, Nature-based, Voluntary Market  /  No Comments

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.

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Brazil government invites sectors to set own emissions goals under Paris pledge

Published 19:52 on May 20, 2022  /  Last updated at 19:52 on May 20, 2022  /  Americas, Aviation/CORSIA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary Market  /  No Comments

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.

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Compliance markets alone to double global use of carbon credits, says bank

Published 17:06 on May 20, 2022  /  Last updated at 17:42 on May 20, 2022  /  International, Voluntary Market  /  No Comments

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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