While our North American readers are preparing for this weekend’s touch downs, this issue tracks some shake ups in the world of voluntary carbon markets, with updates from Carbon Retirement, Carbon Desk, Tesco and a few national governments.
NOTE: This article has been reprinted from Ecosystem Marketplace’s Voluntary Carbon newsletter. You can receive this summary of global news and views from the world of voluntary carbon automatically in your inbox by clicking here.
3 February 2012 | While our North American readers are preparing for this weekend’s touch downs, this issue tracks some shake ups in the world of voluntary carbon markets.
The last two weeks have seen a good deal of flux in the carbon market playbook. UK-based Carbon Retirement was taken over by environmental finance and trading firm Palmetto Climate and carbon policy researchers Sandbag, which will now run interference for Carbon Retirement’s business of voluntarily retiring compliance market allowances.
Also on the EU front, Carbon Desk made a pass at pulling itself out of administration, cutting costs by requiring that its brokers work solely on commission. Meanwhile, CDC Climat announced that it will phase out its VCS registry services by December 22, 2012 – registry users will have to transfer their VCS CDC Climat registry accounts to either Markit Environmental Registry or NYSE Blue VCS registry.
U.K.-based grocery chain Tesco decided to cease their carbon labeling program that aimed to give consumers information on the carbon impact of the company’s 70,000 items, beginning in 2007. They will, however, continue to partner with the Carbon Trust, which provided the labeling service.
National governments are also stirring things up early in the year. China has been gradually unveiling more details on its plan to pilot emissions trading schemes in around the country, including the emissions-belching Guangdong, which will tackle an ambitious 19.5 percent reduction target by 2015. However, details are still hazy, and the exact form of the ETS is unclear.
The U.S. government’s international aid organization, USAID, is integrating a strategy to address climate change into its broader goals of aiding the development of partner countries. Part of the five year Climate Change and Development Strategy is devoted to the development of “new markets for clean technology and expansion of the green economy.”
The Verified Carbon Standard released a round of updates for its Version 3 Program Documents. The update includes new requirements for the timing of emissions for different AFOLU carbon pools, as well as new requirements for developing standardized methods, and clarification of double counting rules.
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