Newsletter July - DT Master Carbon
- xingmiao chen
- Apr 18
- 3 min read
Newsletter
20 July 2023
We hope this email finds you happy!
· DT Master Carbon Aims to Enhance VCM integrity through MRV technology
· DT Master Carbon Empowers Sustainability through ESG Consulting Services
· It is anticipated that the carbon market activity will increase in the second half of the year, despite the latest trend of the market
· EU adopted European Sustainability Reporting Standards (ESRS) which is applicable to over 50,000 companies
· Wind and solar energy surpass fossil fuels in the EU
· US plans to spend $1.55 billion to cut methane emissions
· Leading NASA climate expert said that July was likely to be hottest month on record
DT Master Carbon Aims to Enhance VCM integrity through MRV technology
DT Master Carbon believes that MRV technologies are key levers that can help ensure the carbon project integrity and transparency. We offer tailored project monitoring with accurate reporting for verification, all in one platform. We offer MRV services for NBS, EBS, and CCUS. Get a free quote here:
DT Master Carbon Empowers Sustainability through ESG Consulting Services
With years of experience in net-zero strategies and climate risk management, DT Master Carbon offers customized ESG consulting services, providing a variety of targeted solutions to meet companies’ unique needs. Our focus lies in analyzing the influence of ESG subjects on your organization and stakeholders, enabling the development of a robust ESG approach, and ensuring that sustainability is central to your business strategy and operations. We also cater to sector-specific ESG consulting needs for industries such as financial institutions, oil & gas, construction, and hospitality, etc. Reach out to us for a complimentary quote, and let's drive sustainability and growth together.
It is anticipated that the carbon market activity will increase in the second half of the year, despite the latest trend of the market
Amid a softened VCM, prices on the exchange remained stable last weeks. The CET contract, once again, emerged as the most liquid contract traded on the Exchange, but there was an 8% price drop to USD 1.38/tCO2e.
The VCM continues to be soft week by week. However, market participants anticipate an increase in activity in the second half of the year, especially as the global task force and Article 6 rules become more structured.
In the OTC market, certain projects are trading at a premium compared to the exchange's standardized contracts. For example, specific newer vintage CORSIA-eligible Gold Standard credits were reported to be traded at USD 4/tCO2e, reflecting premium pricing based on registry (Gold Standard over Verra) and vintage.
End-buyers prefer project-specific deals based on vintage, geography, methodology, transparency, co-benefits, and climate targets. LATAM afforestation projects hold price premiums. Methodologies, transparency, and co-benefits influence pricing. REDD projects (vintage 2022) trade 16% higher than low impact credits.
EU adopted European Sustainability Reporting Standards (ESRS) which is applicable over 50,000 companies
The EU has adopted the final version of the European Sustainability Reporting Standards (ESRS) for the upcoming Corporate Sustainable Reporting Directive (CSRD). The CSRD aims to update the 2014 Non-Financial Reporting Directive (NFRD) and will require over 50,000 companies to provide sustainability disclosures. However, sustainability-focused investor groups are concerned about the Commission's move to ease certain aspects of the new rules. Companies will begin reporting under ESRS from the 2024 financial year. The ESRS will be subject to a two-month scrutiny period by the EU Parliament and Council before implementation.
To read more, please refer to:
Wind and solar energy surpass fossil fuels in the EU
In May 2023, renewable sources like wind and solar energy produced more energy in the EU than all fossil fuels combined. This milestone is a significant progress in the transition towards cleaner energy sources and reducing greenhouse gas emissions.
To read more, please refer to:
US plans to spend $1.55 billion to cut methane emissions
The U.S. government will provide up to $1.55 billion funding to monitor and reduce methane emissions from the oil and gas sector. The funding will be accompanied by technical assistance to help companies control methane emissions, a potent greenhouse gas that contributes to climate change. This initiative is part of the Biden administration's efforts to tackle emissions and combat climate change.
To read more, please refer to:
Leading NASA climate expert said that July was likely to be hottest month on record
Gavin Schmidt, the director of NASA’s Goddard Institute for Space Studies, stated that July was likely to be the Earth's hottest month in hundreds if not thousands of years. The global rise in temperatures has far-reaching implications and emphasizes the urgent need for climate action.
To read more, please refer to:
