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.
25 April 2011 | Spring has again sprung for voluntary carbon as players sow seeds of market maneuverings while waiting for greater clarity around the California market.
According to Point Carbon’s weekly carbon market newsletter, the California market for compliance offsets has been slow growing (bid/ask prices were virtually unchanged last week at US$10.75/$11.5). This is partly due to concerns that the credits’ holders – not the original project owners – are liable for offsets deemed unacceptable for compliance use post-purchase.
The International Emissions Trading Association hopes to fertilize debate around the issue. IETA, along with other groups, is making an effort to convince the California Air Resources Board to introduce an insurance pool to protect offset owners who have no control over the projects.
Elsewhere, climate exchanges new and current are trying out some new varieties. For VER spot trading platform Carbon Trade Exchange, this meant transplanting its headquarters from London to Australia, in hot pursuit of an Aussie carbon price.
Celfin Capital and Fundacií³n Chile also launched the Santiago Climate Exchange (SCX), hoping to propagate new demand for carbon credits in Latin America from a popular model. Climex’s Jeroen van de Kletersteeg meanwhile informed Ecosystem Marketplace of Climex’s plans to stick with its garden variety auction platform – as “a great hybrid between brokerage and trading platforms or exchanges.”
Australia-based Shift2Neutral sowed discontent down under, reaping bad press around an allegedly fraudulent carbon neutrality deal, while neighbor Brokers Carbon sprouted a new search-based platform for brokering credits from a variety of project types and stages.
As Ecosystem Marketplace brings you these and other stories in this huge issue of V-Carbon News, it is also in process of harvesting the biggest stories from 2010 for the State of the Voluntary Carbon Markets 2011 report.
Through the end of the month, Ecosystem Marketplace continues to assemble its coalition of sponsors for the headline report. This year, we’ve captured an unprecedented response rate and data quantity (thanks to suppliers!) to offer the most accurate assessment yet of the voluntary carbon market’s size and trends.
Read more about sponsorship opportunities for both the State of the Voluntary Carbon Markets and State of the Forest Carbon Markets 2011 reports, and contact Molly Peters-Stanley (voluntary carbon) or David Diaz (forest carbon) for more information.
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