𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐏𝐫𝐢𝐜𝐞 𝐭𝐫𝐞𝐧𝐝𝐬, 𝐛𝐮𝐲𝐞𝐫 𝐩𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞𝐬 𝐚𝐧𝐝 𝐢𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬
Prices have held steady on the #Spot Exchange amidst sluggish trading, with increased activity noted in ACX’s alternative trading functions.
Improved Forest Management (#IFM) credits have seen a rise in the first quarter, contrasting with declines in prices for other project categories, according to cCarbon. Notably, #cookstove credits have commanded the highest prices this year following IFM credits.
Pending approval for Phase 1 of the international aviation offsetting scheme left standard bodies like Verra, Gold Standard, and CAR awaiting clearance.
Delta Blue Carbon project (VCS 2250) credits continued to command premiums, trading at USD27.75/tCO2e for vintage 2019 credits.
Despite market movement, the #VCM encountered uncertainty due to delays in approvals from the International Civil Aviation Organization (#ICAO).
On the #OTC market, Rimba Raya project credits (VCS 674) from vintage 2017 traded at USD7.50/tCO2e, albeit in a small volume, as reported by Carbon Pulse. Katingan credits (VCS 1477) from vintages 2015 and 2016 traded at USD3.30/tCO2e, according to Viridios.
Furthermore, the newest scrutiny faced by the Kariba REDD project, alleging mismanagement of funds from credit sales, has contributed to market uncertainty.