Forestry conservation projects face chop in DRC after govt committee reassesses concession contracts
A number of forestry conservation schemes in the Democratic Republic of Congo, including a Verra-approved REDD+ avoided deforestation project that has sold some 1.3 million voluntary offsets to date, are in line for the chop after a senior government committee recommended that their concession contracts be cancelled for breaking the law.
Read MoreAviation knuckles down on increasing green fuel supply as United grows SAF fund
New corporate partners are joining the push by United Airlines to scale up sustainable aviation fuel (SAF) by way of a dedicated fund, as e-fuel company OXCCU moves to start construction on its first demonstration plant in the UK.
Read MoreVoluntary market sees positive outlook for prices, some NBS though excess credits remain -analysts
The voluntary carbon market (VCM) is experiencing increasing demand and will see a recovery in prices, including for some nature-based credits, although it still faces excess supply, limited alignment with integrity-boosting initiatives, and larger pools of older vintage units.
Read MoreVCM Report: Year-end rush sees 2023 carbon credit retirements top 2022 levels
Voluntary carbon credit retirements in 2023 exceeded the levels of a year earlier on major registries after a surge in activity in December.
Read MoreCarbon credit retirements for 2023 set to match 2022 levels, defying fears of dented voluntary market confidence
Voluntary carbon credit retirements have almost reached the same level as a year earlier with just days remaining in 2023, boosted by a surge in activity by an oil major early on Friday.
Read MoreVCM Report: Carbon credit retirements surge late in year, with older and cheap units favoured
A surge in retirement of carbon credits last week set voluntary demand on course to match 2022 levels, while trading volumes were boosted by rock bottom prices for pre-2018 REDD avoided deforestation credits as more onerous disclosure requirements loom.
Read MoreVCM Report: Brisk carbon credit trade like the ‘old days’, as COP28 fires up confidence in future
Carbon credit trade remained brisk in the voluntary market in the last week of November amid end of year covering, although the REDD sector continued to cast a shadow over the brighter future promised by the headlines emerging from COP28 in sunny Dubai.
Read MoreFEATURE: Aviation carbon offset scheme faces fundamental imbalance with demand seen far outstripping supply
Stakeholders are concerned that prices of eligible credits for the UN’s aviation carbon offsetting scheme will spiral once the mechanism enters its mandatory phase later this decade, with the supply outlook unclear as doubts over eligibility and accounting procedures pile risk onto project developers and investors.
Read MoreMore companies retiring voluntary carbon credits this year despite downturn in overall volumes
Thousands more companies have retired carbon credits this year than last, data shows, even as negative media coverage has seen buyers back away from the market and prices crash.
Read MoreFEATURE: Primary voluntary carbon investment holds up in 2023 even as prices crash
Despite the uncertain future facing the voluntary carbon market, early-stage investment has held relatively firm in 2023, with some in the market pointing to an emergent ‘flight to primary’ trend, as investors seek to avoid reputational risk in secondary and tertiary credit buying and instead channel capital directly into project development.
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