VCM Report: Offset prices slip lower to erase August gains
Offset prices slipped lower over the past week, wiping out August’s gains, and eroding hopes the voluntary carbon market was escaping the clutches of the inflation-induced global economic slowdown.
Read MoreShell expands carbon neutral driving offer to UK with land offsets
Oil major Shell will offer British drivers the chance to offset their carbon footprint, it said on Thursday, expanding from its Dutch initiative as part of a global commitment to invest $300 million in land-based emissions-curbing initiatives.
Read MoreICAO moves toward long-term GHG goal, CORSIA launch despite opposition from 25 nations
ICAO’s Assembly on Friday backed the progression of work on setting a long-term emissions target for aviation and to advance the UN body’s CORSIA global offsetting mechanism towards operationalisation, though a fifth of the countries in attendance voted against the two resolutions in a surprise secret ballot.
Read MoreChina, Russia blast “unfair” CORSIA, as EU’s resolve tested on aviation ETS
China and Russia have blasted the ICAO’s CORSIA aviation offsetting mechanism as unfairly burdening emerging economies, setting up a testing triennial Assembly of the UN aviation body that also threatens the EU’s inclusion of flights in its carbon market.
Read MoreSwiss agency pushes on with offset sourcing despite headwinds from home and abroad
A Swiss agency tasked with acquiring Paris-era carbon credits for the country is advancing its sourcing efforts despite uncertainties both on the domestic front and on global rules covering emission trade after 2020.
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