WCI Markets: CCAs cautiously higher on rulemaking progress, WCAs up on small volume
California Carbon Allowances (CCAs) picked up following the highly anticipated release of a public workshop date on cap-and-trade programme rulemaking and an economic impact analysis of proposed changes, while Washington Carbon Allowances (WCAs) continued to slowly regain footing after prices crashed earlier this year in wake of a repeal initiative.
Read MoreEleven carbon credit programmes vie for eligibility under UN’s CORSIA offset scheme in latest application round
Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
Read MoreOcean CO2 capture developer raises extra funding to support technology scale-up
A California-based direct ocean capture (DOC) company has raised additional funding to support the commercialisation of its technology to harness the ocean’s role in carbon absorption.
Read MoreARB distributes all DEBs-tagged offsets in highest issuance of 2024
California regulator ARB issued the highest number of compliance-grade offsets thus far this year and all with direct environmental benefits (DEBs) to the state, raising year-to-date totals above 2023 levels for the first time, data published Wednesday showed.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreCCAs jump as ARB embraces 48% GHG reduction in evaluation of proposed cap-and-trade changes
California Carbon Allowance (CCA) values in the secondary market got a boost Tuesday from the highly anticipated release of an economic impact analysis of a proposed cap-and-trade rulemaking that programme regulator ARB submitted to a state agency.
Read MoreCalifornia Senate committee passes tax credit funding for farm soil carbon sequestration
A California Senate committee unanimously passed through funding from the cap-and-trade programme revenues on Tuesday to facilitate a tax credit to farmers for composting practices that enhance CO2 sequestration.
Read MoreSBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
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