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Uncertain legal nature of voluntary carbon credits holding back market -financial trade body

Published 21:55 on December 2, 2021  /  Last updated at 23:26 on December 2, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Australian investor signs deal with developer for African carbon offsets

Published 10:54 on December 2, 2021  /  Last updated at 10:54 on December 2, 2021  /  Africa, Asia Pacific, Australia, EMEA, International, Voluntary Market  /  No Comments

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.

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Australian Big Four bank hires ex-broker for carbon job

Published 08:19 on December 2, 2021  /  Last updated at 08:19 on December 2, 2021  /  Asia Pacific, Australia, Bavardage, Voluntary Market  /  No Comments

One of Australia’s four big banks has appointed a former emissions broker as its new associate director for carbon trading.

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ExxonMobil sets Scope 1 and 2 GHG emissions intensity targets for 2030

Published 07:02 on December 2, 2021  /  Last updated at 02:40 on December 3, 2021  /  Americas, International, US, Voluntary Market  /  No Comments

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.

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Crypto outfit sells single voluntary carbon credit for $70,000

Published 16:08 on December 1, 2021  /  Last updated at 12:07 on December 2, 2021  /  Asia Pacific, EMEA, International, Other APAC, REDD, Voluntary Market  /  No Comments

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.

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Malaysia eyes late 2022 start for domestic carbon market

Published 06:35 on December 1, 2021  /  Last updated at 12:16 on December 1, 2021  /  Asia Pacific, Other APAC, Voluntary Market  /  No Comments

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.

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Inpex inks four more “carbon neutral” gas deals

Published 04:22 on December 1, 2021  /  Last updated at 04:22 on December 1, 2021  /  Asia Pacific, International, Japan, Voluntary Market  /  No Comments

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.

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UN aviation body rejects latest offsetter applicants under CORSIA

Published 16:10 on November 30, 2021  /  Last updated at 21:03 on November 30, 2021  /  Aviation/CORSIA, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

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.

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Australia to launch pilot scheme for voluntary emissions targets

Published 09:00 on November 30, 2021  /  Last updated at 09:00 on November 30, 2021  /  Asia Pacific, Australia, Voluntary Market  /  No Comments

Australia on Tuesday announced a pilot scheme that will show big emitters’ progress towards their voluntary emissions commitments, including the use of carbon credits. 

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VCM Report: VER price hike slows near record levels amid post-COP lull

Published 19:24 on November 29, 2021  /  Last updated at 00:21 on November 30, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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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