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
TC Energy launches South Bow Corp. as independent crude oil pipeline business
TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.
US CFTC issues first guidelines for carbon credit markets
The U.S. CFTC has approved the first guidelines for the trading of voluntary carbon credit derivative contracts in the country.
Verra Inactivates UNFCCC CDM Sulfur Hexafluoride Replacement Methodology
17 Sept 2024 Verra has permanently inactivated the use of UNFCCC CDM methodology AM0065: Replacement of SF6 with alternate cover gas in the magnesium...
Controversial Cambodia carbon credit project reinstated
Forestry scheme Southern Cardamom now certified by Verra following damning Human Rights Watch report in February.
Around a third of carbon credits fail new benchmark test
Carbon credit standards not met by a third of existing schemes, says independent integrity council, as demand for offsets falls due to doubts.
APEC businesses propose climate bonds and carbon credit network
APEC carbon markets could be used to reduce risk of foreign exchange fluctuation as countries transition to low-carbon technologies, says advisory council.
US, Brazil to work together on climate partnership, says Yellen
The US and Brazilian governments announced a climate partnership agenda on Friday, seeking to deepen ties on climate, nature and biodiversity
GE Vernova says manufacturing issue led to Nantucket turbine blade failure
Power services firm GE Vernova said Wednesday a manufacturing issue led to a turbine blade failure at its Vineyard Wind offshore project
Clean Prosperity: Measuring credit oversupply risks in Alberta’s carbon market
A report from Clean Prosperity argues that Alberta risks having an oversupply of carbon credits and urges the provincial government to reform the...
Britain’s Labour government must ‘make up lost ground’ to hit UK climate goals: CCC
The UK’s new Labour government must urgently reinstate the net-zero plans shelved by its predecessor in order to “limit the damage” caused by Conservative policy...
