Scientific Certification Systems (SCS) has assessed the World Bank’s new methodology for estimating the emission reductions resulting from adoption of sustainable agricultural practices.
The new methodology was approved under the Verified Carbon Standard (VCS) and is based on the Western Kenya Smallholder Agriculture Carbon Finance project.
Some of our clients will remember that The CarbonNeutral Company started business in 1997 trading as Future Forests, and will know that our services have always recognised the central role played by ecosystems in maintaining a stable climate. Planting and protecting forests makes perfect sense because “trees suck up carbon dioxide and turn it into wood and oxygen”. However, 15 to 20 per cent of global carbon emissions still arise from deforestation.
Firms that emit greenhouse gases but also want to help revitalize business in the Tohoku region following the Great East Japan Earthquake are being drawn to participate in a carbon dioxide offset trading scheme.
Named J-VER (Japan Verified Emission Reduction), the scheme is a type of carbon-offset program.
Under the scheme, entities practicing silviculture through thinning, planting and other means can enter a certification process to claim credits, depending on how much carbon dioxide their forests absorb.
What a year it’s been for those involved in carbon markets. A raft of new legislation, a jump followed by a dramatic drop-off in carbon pricing and then a slow-down in trading. The roller coaster ride has caused plenty of angst for those foresters, emitters and investors with an interest in carbon forestry. Carbon markets, both in Australasia and internationally, have changed dramatically in just 12 months.
China has lowered the minimum price foreign companies must pay for Chinese carbon credits for the first time since 2008, but traders say the move is unlikely to have much impact as it will remain twice as high as current carbon prices. The National Development and Reform Commission (NDRC), the agency in charge of China’s participation in the international carbon market, has cut the floor price for Clean Development Mechanism (CDM) credits by 1 euro to 7 euros ($8.92) in response to EU and U.N. carbon prices hitting record lows, several sources told Point Carbon News.
ociete Generale on Tuesday lowered its price forecasts for European Union and U.N.-backed carbon, citing an over-supply of emission units, a worsening EU economic outlook and an expansion of low-carbon energy sources. Front-year EU Allowances (EUAs) would average 8.9 euros ($11.28) a tonne in 2012, down 28 percent from its previous estimate in November, the Paris-based bank said in a research report. It does not expect EUAs, the price for a tonne of carbon dioxide emissions in the 27-nation bloc’s emissions trading scheme, to rise above 15 euros a tonne before 2020.
The purpose of this guidebook is to assist project developers in evaluating and selecting those VCS approved methodology(ies) that are best suited to account for the greenhouse gas benefits of their proposed REDD project activities. It contains a summary of VCS requirements applicable to all REDD projects and a detailed review of those REDD methodologies approved under the VCS at the time of writing.
ERA Carbon Offsets Ltd. is pleased to announce that the company has achieved a new sales milestone, having sold more than 2 million tonnes of forest based carbon offsets to customers and clients around the world.
(Reuters) - EU carbon prices fell to their lowest ever level on Wednesday as the euro currency and equities slid on renewed fears over the bloc's debt crisis and oil prices tanked after producers promised to maintain high output.
The ICE ECX December 2011 EUA contract fell 73 cents to an all-time low of 6.30 euros, down 10.4 percent on Tuesday's 7.03-euro settlement.
UN-backed carbon offsets plunged to an all-time low Tuesday on the back of continued fears of over-supply in the market, albeit in thin trade. By 11:00 GMT, the December 2011 CER contract on
