US investment bank hires head of Asian environmental products
A major US investment bank has added to its growing carbon desk in Singapore by hiring a dedicated head of Asian environmental products.
Read MoreVerra disassociates itself from crypto offset activities, says will seek solution
Offset standard manager Verra has disassociated itself from an offset-backed blockchain venture that has driven the retirement millions of its VCS units in recent weeks, but also said it would seek to work with market participants to find solutions.
Read MoreANALYSIS: Switzerland touts model for international emissions trade, voluntary market
Switzerland sealed its fifth and sixth bilateral crediting agreements on the sidelines of the Glasgow UN climate talks this month, touting the deals as a model of Paris Agreement-era emissions trade for countries as well as for companies in the voluntary carbon market.
Read MoreMacquarie Group fills senior carbon market position
Australian-headquartered investment bank Macquarie Group has hired a nature-based solutions expert to take up the role of vice president of global carbon at its Singapore office.
Read MoreCalifornia dishes out 1.7 mln offset as prices retreat from record highs
California doled out 1.7 mln compliance offsets this week while CCO prices receded from recent record highs.
Read MoreUN carbon mechanism to take up to 3 years to build, ‘leaning on’ CDM rules
The Paris Agreement’s newly-established carbon market mechanism could take as long as three years to take shape, according to experts assessing the UN’s pace after countries approved Article 6 rules governing future international carbon markets at the COP26 summit earlier this month.
Read MoreTech firms eye large-scale DAC project off coast of Norway
A group of technology companies have begun work on a large-scale direct air capture (DAC) facility that could capture and store as much as 1 MtCO2 annually off the coast of western Norway.
Read MoreIn-state California compliance offset values rise as ‘DEBs’ requirement takes full effect
California Carbon Offsets (CCOs) with direct environmental benefits to the state (DEBs) have increased in price versus their out-of-state counterparts in recent weeks, ushered in by a new period in the jurisdiction’s WCI-linked cap-and-trade system and having potential implications for voluntary markets.
Read MoreVCM Report: VERs ride COP26, crypto wave to new all-time highs
Voluntary emissions reduction (VER) values on the over-the-counter and exchange-traded markets extended their year-long bull run this week, with voluntary carbon market (VCM) participants citing optimistic outlooks following the COP26 UN climate summit and blockchain ventures in driving up prices.
Read MoreXpansiv taps second CME veteran for carbon market role
A senior employee at CME Group has taken on a carbon markets role at Xpansiv, marking the latest recent hire to depart the US-based exchange for the ESG commodities trading platform.
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