(OPIS/Business Wire) OPIS, an IHS Markit (NYSE: INFO) company and the leading benchmark provider for emissions and carbon markets data, will launch today the world’s first comprehensive daily pricing suite for global voluntary carbon offset credits to advance the global initiative to reduce greenhouse gas emissions. The OPIS Global Carbon Offsets Report will bring greater transparency to the voluntary REDD+ credits and CORSIA-eligible offsets markets, providing pricing solutions to stakeholders engaged in net-zero and emissions reduction strategies.
The new information service will include daily price assessments for voluntary carbon credits produced by nature-based projects for Reducing Emissions from Deforestation and Forest Degradation (OPIS Voluntary REDD+ Credits), as well as CORSIA Eligible Offsets (OPIS CEO) that reflect methodologies specified by the International Civil Aviation Organization (ICAO) for assets that comply with the Carbon Offsetting and Reduction Scheme f
Carbon Removal, Not Only Offsetting, Will Ensure Businesses Reach Net Zero
Dec 21, 2020
2020 is the year of net zero. We are at a tipping point for companies (and countries) pledging to get to net zero carbon emissions, with commitments doubling in less than a year, as the world increases its focus to avoid irreversible climate change. The growth in net zero pledges has created unprecedented interest in carbon removal strategies – and interest in what viable and scaled markets for carbon might look like.
The Taskforce on Scaling Voluntary Carbon Markets consultation document, published last month and chaired by the Institute of International Finance, confirms the need to scale voluntary carbon markets, and highlights the importance of removal/sequestration projects as a core part of these markets.
Welcome to the fifth edition of Singapore FinTech Festival and SWITCH.
More than 60,000 participants from over 130 countries have joined us in the world s first week-long-round-the-clock hybrid digital and physical event.
Let me also welcome participants of the Milken Institute Asia Summit joining us.
FinTech as a Force for Good
We are in the
midst of three global crises – a pandemic; a recession; and climate change.
Covid-19 has infected 67 million people and taken the lives of 1.5 million across the world.
The global economy has plunged into its worst recession since the Second World War.
One in five people in the world were affected by climate disasters in the last decade.
Scaling voluntary carbon markets to advance climate goals
The consultation document from The Taskforce on Scaling Voluntary Carbon Markets sets out a roadmap to build an effective voluntary carbon market to help meet the goals of the Paris Agreement.
The consultation document acknowledges that achieving net zero by 2050 necessary for the 1.5°C goal requires deep, rapid and broad-ranging action to reduce greenhouse gas emissions across all sectors of the economy. As an increasing number of companies are committing to net zero to support this goal, they will be expected to show how they plan to meet it through an appropriate mix of direct emissions reductions and use of carbon credits. Carbon credits, purchased voluntarily, enable organizations to compensate for residual emissions by financing the reduction of emissions from other sources or the removal of greenhouse gases from the atmosphere. For companies operating in hard-to-abate sectors carbon credits will play a particular