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Shell, PetroChina sign 5-year deal on carbon neutral LNG

Published 12:00 on July 12, 2021  /  Last updated at 12:49 on July 12, 2021  /  Asia Pacific, China, China's Offset Market, International, Japan, Voluntary Market  /  No Comments

Oil and gas majors Shell and PetroChina on Monday announced a 5-year supply contract for LNG backed by carbon credits in what they said was the world’s first term deal for carbon neutral LNG.

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Germany launches tender to buy 175k CERs to offset 2020 government travel

Published 20:41 on July 9, 2021  /  Last updated at 20:41 on July 9, 2021  /  Africa, Americas, Asia Pacific, EMEA, International, Kyoto Mechanisms, Middle East, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Germany has launched a tender to procure around 175,000 Kyoto Protocol offsets to neutralise the carbon emissions generated from the business trips of federal government officials in 2020.

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China to push blue carbon, make case for bivalve offsets

Published 11:09 on July 9, 2021  /  Last updated at 11:21 on July 9, 2021  /  China, China's National ETS, China's Offset Market, Voluntary Market  /  No Comments

Developing offsets from so-called blue carbon projects will play an important role in China’s efforts to meet its climate targets, and the country is also pushing for crediting sinks created by the farming of bivalves and other ocean life forms.

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UN envoy Carney stresses ‘modest, marginal’ role for offsets in corporate climate action

Published 18:21 on July 8, 2021  /  Last updated at 18:21 on July 8, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

The voluntary carbon market should have an important, if marginal, role in corporate climate action, UN climate finance envoy Mark Carney said Thursday while setting out credible offsetting buying strategies.

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Voluntary offset taskforce loosens plans for governance board membership, raising conflict of interest concerns

Published 13:57 on July 8, 2021  /  Last updated at 15:14 on July 8, 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

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) largely kept intact its plan to ramp up offset trade in final recommendations released Thursday, although the proposed governance body will now see the inclusion of active market participants in making key recommendations and decisions on core carbon principles (CCPs).

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Climate Action Reserve commences development of US-based biochar offset protocol

Published 21:24 on July 7, 2021  /  Last updated at 22:51 on July 7, 2021  /  Americas, International, US, Voluntary Market  /  No Comments

California-based offset registry Climate Action Reserve (CAR) kicked off the process of developing a voluntary offset protocol for biochar on Wednesday, as interest grows in sourcing carbon credits from removal-based strategies.

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S&P Global Platts announces six AI-powered carbon credit indices

Published 16:28 on July 7, 2021  /  Last updated at 16:28 on July 7, 2021  /  Aviation/CORSIA, International, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

Commodity price reporting agency S&P Global Platts on Tuesday proposed to launch six carbon credit indices from next month with Viridios AI that would reflect a wide variety of voluntary emissions reduction (VER) project types and co-benefits.

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Global banks partner to launch pilot voluntary offset platform

Published 14:41 on July 7, 2021  /  Last updated at 14:41 on July 7, 2021  /  Americas, Australia, Aviation/CORSIA, Canada, EMEA, International, REDD, South & Central, Voluntary Market  /  No Comments

Four banks based on separate continents have launched a carbon offset platform, joining several marketplaces aiming to boost transparency in the OTC-based voluntary emissions reduction (VER) market.

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AXA investment arm acquires voluntary carbon offset platform ClimateSeed

Published 13:20 on July 7, 2021  /  Last updated at 13:54 on July 7, 2021  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Mexico, Middle East, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The investment management arm of insurance giant AXA has purchased voluntary carbon offset platform ClimateSeed from BNP Paribas.

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DAC technology developer, offset ratings provider team up to market CO2 removal credits

Published 00:01 on July 7, 2021  /  Last updated at 00:48 on July 7, 2021  /  Americas, Canada, EMEA, International, US, Voluntary Market  /  No Comments

A high-profile direct air capture (DAC) technology developer and a carbon offsets ratings and solutions provider have teamed up to offer removal credits to retail voluntary buyers.

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