Spotlight: Voluntary Carbon Markets (VCMs)
“Voluntary carbon markets can be a powerful tool for mobilizing the investment in innovative technologies and actions needed to keep a 1.5 C limit on warming within reach. VCMI [the Voluntary Carbon Markets Initiative] is performing a vital service by establishing high-integrity pathways for companies to support stronger climate action while making progress toward their own net-zero goals. By creating sound guardrails for the use of high-quality carbon credits, the new VCMI guidance will provide strong assurance that this finance will help deliver the greater climate action we so urgently need.”
U.S. Special Presidential Envoy for Climate
Indonesia launches international carbon exchange
Indonesia launches a carbon exchange for global buyers, seeking funds to achieve ambitious climate goals.
Nissan open to pooling on CO2 to avoid fines in Europe
Nissan considers pooling with carmakers to meet EU CO2 targets, exploring short-term options amid regulatory shifts.
Shell warns of £1bn cash hit from emissions certificates payments
The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US.
In Brazil, an Amazon reforestation project seeks to redeem carbon markets
By planting native species in the Amazon, Brazilian company Mombak hopes to restore credibility to a scandal-ridden carbon market.
Competition Bureau clarifies expectations around Canada’s new greenwashing rules
The Competition Bureau has released draft guidelines that aim to clarify expectations around new greenwashing rules.
Climate tech firms get $80 million to pull carbon from paper mills, sewage plant
Google, H&M, and Stripe will buy $80M in carbon credits from firms using tech to capture emissions from paper mills and sewage plants.
Opinion: A new global carbon trading market could be held hostage by speculators
Speculators may exploit the new global carbon market, threatening its ability to drive meaningful emission reductions.
Countries have been overlooking their biggest climate allies: local and regional governments
Cities generate over 70 per cent of global emissions, but multilevel partnerships can unlock their vast potential for climate action.
After a disappointing COP29, here’s how to design global climate talks that might actually work
Opinion: Reform COP talks to accelerate global climate action and overcome the slow, flawed process for meaningful change.
BlackRock, Vanguard, State Street sued by Republican states over climate push
Wednesday's complaint filed in the federal court in Tyler, Texas, is among the highest profile lawsuits targeting efforts to promote ESG.
