CWNYC24: FEATURE – VCM continues struggle to define what makes a ‘good enough’ carbon credit
At the spate of voluntary carbon events scattered in high-rises across New York this week, one topic persisted: how does the market evolve into the trustworthy, functioning, and effective global climate finance driver and unleash the billions of corporate dollars needed for net zero.
Read MoreINTERVIEW: Undeterred by policy inadequacy, Pakistani non-profit hopes to turn the tide for country’s voluntary carbon market
A non-profit in Pakistan is endeavouring to get the much-needed carbon finance into the country heavily impacted by climate change, despite the lack of clear pathways for offset projects to scale.
Read MoreAdvisory body urges Canada to redouble efforts to reach climate targets, adopt 2035 goal
A Canadian advisory body released a pair of reports Thursday with recommendations for the country to reach its 2030 climate targets and encouraged the government to adopt 2035 interim goals.
Read MoreWashington CFS adjustments to prioritise new methane reduction projects
The Washington Department of Ecology (ECY) wants to prioritise new methane reductions through the forthcoming Clean Fuel Standard (CFS) rulemaking, according to staff at an environmental justice webinar on Thursday.
Read MoreUS EPA approves additional $1 bln to aid decarbonisation of school buses, but issues remain unresolved
The US Environmental Protection Agency (EPA) on Thursday announced nearly $1 billion in funding to boost the adoption of lower carbon technologies for school buses across the country, amid recommendations from an agency watchdog to address programme eligibility issues.
Read MoreWCI Markets: WCAs run ahead of CCAs in ARB’s regulatory vacuum
California Carbon Allowance (CCA) prices in the secondary market traded within a narrow range awaiting regulatory certainty over the week, while Washington Carbon Allowances (WCAs) jumped nearly $5, once again running ahead of WCI allowances this year.
Read MoreUS-led research group pushes to incorporate ocean warming in social cost of carbon estimates
A group of scientists have launched an effort to adjust estimates of the social cost of greenhouse gasses (SC-GHG) to society by incorporating climate change’s impacts on ocean systems, according to a report released Tuesday.
Read MoreCWNYC24: No such thing as international offset in biodiversity credit space, IAPB’s co-chair says
A co-chair of the influential International Advisory Panel on Biodiversity Credits (IAPB) has ruled out the possibility of using biodiversity credits as an international offsetting mechanism during an event at the Climate Week NYC, in a bid to quell persistent concerns.
Read MoreCWNYC24: Growing gap between primary and secondary VCM market -panel
There is a growing gap between prices in voluntary carbon’s primary and secondary markets, while liquidity is also moving to the former, a panel heard at Climate Week NYC.
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