German court bans airline from using REDD voluntary credits to offset emissions
A German court has ruled an airline should not have advertised flights as ‘carbon neutral’ because they were offset with voluntary credits from forestry conservation projects that could not ensure the promised compensation.
Read MoreCORSIA-eligible voluntary carbon futures hit record high on thin volume
ICE’s Phase 1 CORSIA-eligible futures hit a record high this week, with the front-December trading above $20/tonne on Thursday, in the wake of a UN decision not to approve carbon credits from any new voluntary standards.
Read MoreHong Kong-based airline sets 2030 carbon intensity target, expands SAF use
A Hong Kong-headquartered airline has set a new carbon intensity target for 2030, with plans to expand the use of sustainable aviation fuel (SAF) to support its climate goals.
Read MorePOLL: EU ETS emissions seen down a record 14% in 2023
Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.
Read MoreGold Standard “regrets” lack of dialogue with voluntary crediting programmes after CORSIA decision
Gold Standard has expressed disappointment with a UN decision to keep its voluntary carbon credits still pending approval for the current phase of CORSIA, and regrets that the assessment process did not allow for more open communication with other applying programmes.
Read MoreOil and gas majors partner to produce SAF at Chinese refinery
China’s second-largest oil and gas company and French oiler TotalEnergies plan to develop sustainable aviation fuel (SAF) at an existing Chinese oil refinery.
Read MoreLawsuit win against KLM’s carbon offsetting claims sets precedent to change airline behaviour, says lawyer
The recent ruling by a court in the Netherlands that KLM’s historical climate claims, including use of voluntary carbon credits, constituted greenwashing could change airlines’ practice in the EU, said a lawyer who worked on the case.
Read MoreVCM Report: Market pauses as ICAO delays approval of new standards, ICVCM wades through voluntary carbon methodologies
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
Read MoreDouble claiming risk at centre of CORSIA approval block on voluntary carbon standards
ICAO has requested that voluntary carbon standards account for the supply risk in the event of the double claiming of credits under CORSIA, as a condition for approving programmes in the current 2024-26 phase of the international aviation offsetting scheme, after no new issuing bodies were given the green light at a key meeting last week.
Read MoreMajor carbon credit standards denied full eligibility for CORSIA Phase 1
UN aviation body ICAO has decided to keep major voluntary carbon standards under ‘conditional’ approval for Phase 1 of CORSIA (2024-26), meaning their credits are not yet eligible for use by airlines during the current stage of the international offsetting scheme.
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