VCM Report: REDD prices splinter, corresponding adjustments create headache for first-phase CORSIA buying
Demand continued to diverge in the voluntary carbon market over the past week, with some corporates seeking cheap REDD avoided deforestation credits, while others eye ACR-certified units eligible for the first phase of the CORSIA international aviation offsetting scheme, which are expected to obtain corresponding adjustments.
Read MoreNature restoration carbon projects see strong pipeline growth in 2023, retirements still down, says analytics firm
A carbon intelligence platform has shared an update on the voluntary carbon market, which now appears stalled until COP28 negotiations provide clarity on Article 6, while highlighting strong growth in the project pipeline for nature-based projects.
Read MoreANALYSIS: Aviation, energy sectors see slump in voluntary carbon credit retirements
The two largest voluntary carbon credit buying sectors over the past three years have seen significant declines in retirements in 2023, registry data collated by an analytics firm shows, at the same time as integrity initiatives look to shore up confidence in the market.
Read MoreVCM Report: Diverse REDD pricing creates odd backwardation in nearby curve as CME’s N-GEO future tumbles
Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.
Read MoreVCM Report: V2018 and V2019 REDD credit prices slide lower
The middle of the REDD avoided deforestation curve, such as credits issued in 2018 and 2019, fell last week although there seemed little movement in older or fresher vintages in the sector.
Read MoreREDD credit prices sink further amid slowdown in corporate demand
REDD avoided deforestation carbon credit prices tumbled further on Wednesday, as corporate buyers continued to shun the market that is struggling to shake off hot air criticism and wait to see which units will be eligible for the ICVCM’s integrity label.
Read MorePREVIEW: ‘Legacy’ credit fixes for voluntary carbon market abound ahead of integrity council framework release
Multiple approaches exist to address the treatment of surplus ‘legacy’ offsets lingering in the ledgers of the voluntary carbon market that are crucial for restoring participants’ confidence, regenerating climate finance flows, and achieving global environmental targets, experts told Carbon Pulse before an industry body puts out its assessment framework on the issue.
Read More‘Greenhushing’ claims look unfounded as carbon credit disclosures hold, say analysts
Fears about a rise in ‘greenhushing’ are unfounded, while the downturn in carbon credits retirements is largely pinned on just two airlines dropping out of the voluntary market to meet their climate targets, a webinar heard on Thursday.
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