VCM Report: Prices drift lower even as net zero pledges continue to rise
Carbon credit prices drifted lower generally in the voluntary market over the past week amid the over-supply of available units, but investment continued to pour into certain sectors to underline a positive outlook amid a steady rise in corporate net zero pledges.
Read MoreCORSIA impacts weighing on otherwise resilient voluntary offset prices -developer
Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.
Read MoreARB unveils partnership to ramp up SAF availability in California
California has reached an agreement with an airlines trade organisation to scale the state’s sustainable aviation fuel (SAF) supply to 200 million gallons (757 million litres) by 2035, regulator ARB said Tuesday.
Read MoreVCM Report: Buyers mopping up renewable and REDD credits on the cheap
Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.
Read MoreCalifornia LCFS takes the spotlight during contentious environmental justice meeting
Discussions surrounding California’s cap-and-trade programme took a backseat as a joint meeting Thursday between regulator ARB and the Environmental Justice Advisory Committee (EJAC) focused largely on shortfalls in proposed changes to the state’s Low Carbon Fuel Standard (LCFS).
Read MoreINTERVIEW: Navigating the imminent CORSIA carbon credit supply crunch
As the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) entered its first phase in 2024, airlines are grappling with an imbalance in the supply and demand of carbon credits – a challenge that could well continue into the second phase, according to one expert.
Read More“Kill your darlings”: Voluntary carbon participants lament state of market, but integrity initiatives provide some solace
Sentiment in the voluntary carbon market (VCM) is weak with buyers staying away, scared off by the multiple scandals that have plagued the sector, but participants are hopeful the integrity initiatives underway will lead to better times, despite demand-side challenges remaining.
Read MoreCredit retirements fall 10% in Q2 as corporates shift away from ‘carbon neutrality’ claims -analysts
Credit retirements in the voluntary carbon market fell 10% in Q2 2024 compared to Q2 2023, while corporates are increasingly wary of adopting ‘carbon neutrality’ claims, according to VCM analysts carrying out a quarterly review of the market.
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