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US investment bank hires head of Asian environmental products

Published 11:01 on November 29, 2021  /  Last updated at 03:23 on November 30, 2021  /  Asia Pacific, Bavardage, China, China's National ETS, China's Offset Market, Other APAC, Voluntary Market  /  No Comments

A major US investment bank has added to its growing carbon desk in Singapore by hiring a dedicated head of Asian environmental products.

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Verra disassociates itself from crypto offset activities, says will seek solution

Published 12:02 on November 26, 2021  /  Last updated at 22:27 on November 26, 2021  /  International, Voluntary Market  /  No Comments

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.

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ANALYSIS: Switzerland touts model for international emissions trade, voluntary market

Published 18:00 on November 25, 2021  /  Last updated at 14:58 on November 29, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, Switzerland, Voluntary Market  /  No Comments

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.

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Macquarie Group fills senior carbon market position

Published 11:02 on November 25, 2021  /  Last updated at 11:02 on November 25, 2021  /  Asia Pacific, Australia, Bavardage, Other APAC, Voluntary Market  /  No Comments

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.

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California dishes out 1.7 mln offset as prices retreat from record highs

Published 22:54 on November 24, 2021  /  Last updated at 23:07 on November 24, 2021  /  Americas, Canada, US, Voluntary Market  /  No Comments

California doled out 1.7 mln compliance offsets this week while CCO prices receded from recent record highs.

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UN carbon mechanism to take up to 3 years to build, ‘leaning on’ CDM rules

Published 19:08 on November 24, 2021  /  Last updated at 15:38 on November 25, 2021  /  Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, Voluntary Market  /  No Comments

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. 

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Tech firms eye large-scale DAC project off coast of Norway

Published 11:48 on November 24, 2021  /  Last updated at 11:48 on November 24, 2021  /  EMEA, International, Voluntary Market  /  No Comments

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.

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In-state California compliance offset values rise as ‘DEBs’ requirement takes full effect

Published 20:31 on November 23, 2021  /  Last updated at 22:08 on November 23, 2021  /  Americas, Canada, US, Voluntary Market  /  No Comments

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.

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VCM Report: VERs ride COP26, crypto wave to new all-time highs

Published 22:01 on November 22, 2021  /  Last updated at 00:09 on November 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, 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) 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.

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Xpansiv taps second CME veteran for carbon market role

Published 18:43 on November 22, 2021  /  Last updated at 01:58 on November 24, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

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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