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New umbrella CO₂ offset contract launched
The GER contract has been designed to tackle some of the problems with existing voluntary carbon markets
Chinese ETS faces data issues
Data quality and integrity must improve if world’s largest emissions trading system is to be effective in helping China achieve carbon targets, speakers tell event in Shanghai
ETS to remain heart of EU climate policy
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
EU ETS prices fall sharply on Ukraine invasion
Combination of factors has led to EU allowances losing a third of their value, but bullish factors remain on the horizon
ECB warns of energy transition inflation risk
Gas supply imbalances and rising carbon prices could cause persistent pressure on consumer prices, ECB executive board member warns
Carbon markets poised for rapid growth
Surging prices signal arrival of emerging asset class, with voluntary market expected to grow exponentially over coming decades, conference speakers say
EU carbon prices surge to record levels
Number of investment funds active in EU ETS market up 50pc in 2021, exchange data shows
The role of a national carbon market in China’s carbon-neutral goal
China’s centrally controlled economy means it can pull a broader range of levers to reduce national emissions than many other states
Global carbon markets look for boost from Cop26 talks
Markets are taking hold anyway but more work is needed to refine rules
US carbon price still some way off
Political reality means moves towards establishing a carbon price or a cap-and-trade system will at least have to wait until after mid-term elections
Experts are divided on what constitute genuine carbon reductions
Carbon permits
Alessandro Vitelli
18 March 2021
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Task force faces huge task to legitimise VCM

Private sector faces tough goal of bringing together stakeholders to give structure to the voluntary carbon market

Efforts to give structure to the global voluntary carbon market (VCM) have stepped up in the last fortnight as hundreds of experts have begun work to develop market governance, quality assurance and legal underpinning for the $1.5bn/yr trade. Offsets represent emissions reduced or avoided compared with a preset baseline and have been used for more than 20 years to neutralise emissions made elsewhere. For more than a decade, the VCM trade has been self-regulated by its private sector participants, rather than any single entity or government. As a result, transactions are mostly bilateral, while clients carry out lengthy due diligence on proposed offsets to ensure they meet relevant criteria.

Also in this section
China eyes global collaboration on CCUS
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

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