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Gabon launches sovereign carbon initiative with $17/t "contribution", CORSIA-linked offsetting provisions
Forest-rich Gabon has launched a sovereign carbon initiative that will require air travel and shipping operators to pay a $17-per-tonne emissions "contribution" to cover some of their climate impact from journeys to and from the African country, as well as provisions linked to offsetting using CORSIA-eligible credits. Read MoreTop
US DOE awards $1.7 bln to green hydrogen producer
The US DOE awarded a $1.7 billion loan guarantee to a New York-based green hydrogen company close to one year after the company suffered from cashflow issues that nearly sent it into bankruptcy. Read MoreTop
"Year of contrasts" for VCM as carbon credits see moving trends in 2024 -report
Higher issuances of more recent vintages as well as soaring interest in cookstove credits are among the key takeaways from the VCM in 2024, a year marked by an historic deal on Article 6 of the Paris Agreement, according to a report published on Friday. Read MoreTop
DATA DIVE: Record number of new VCM entrants in 2024 a positive sign for the market
A record number of new entrants in the voluntary carbon market (VCM) in 2024 offers a positive signal, participants have said, despite lacklustre overall volumes and weak price movement over the past year. Read MoreTop
CARBON FORWARD MIDDLE EAST: Iraq steps up Article 6 push with project reviews, talk of ‘cooperative approaches’
The Iraqi government has in recent weeks deliberated on cooperative approaches, a source familiar with the matter said Friday – just weeks after the country announced it had begun reviewing carbon project proposals to take the Paris Agreement from theory to practice. Read MoreTop
CARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week. Read MoreTop
CARBON FORWARD MIDDLE EAST: FEATURE – Compliance emissions pricing measures take root in the Gulf
Multiple gulf states have adopted domestic greenhouse gas (GHG) emissions pricing or reporting schemes over the past year, reflecting coordinated efforts to reduce the carbon intensity of their economies, market participants said at Carbon Forward Middle East in Abu Dhabi. Read MoreTop
Proposed ‘exchange rate’ for EU carbon allowances faces barrage of criticism
The method put forward by the European Commission to calculate the exchange rate applicable when clawing back EU carbon allowances that are unduly or mistakenly delivered to operators “raises serious concerns”, according to Finland and other market players. Read MoreTop
Verra flooded with suggestions on improving VCS Programme
Verra was inundated with comments from stakeholders in response to a wide ranging survey on the core concepts of its Verified Carbon Standard (VCS) Programme, it revealed Friday. Read MoreTop
New Austrian government to scrap climate bonus as part of budget cuts
Austria will abolish its climate bonus as part of a €6.4 billion budget cut announced Thursday by its new coalition government, which brings together centre-right and far-right parties. Read MoreTop
Estonian agtech completes large-scale soil sampling for future carbon credits
An Estonia-based agtech company on Thursday announced it has completed a cross-border soil sampling campaign in Europe to generate carbon credits under the Verra standard. Read MoreTop
Euro Markets: EUAs top significant level as speculative buyers continue to bolster prices, as UKAs weaken again
European prices forged higher for a seventh consecutive day on Friday, breaching an important psychological level during the session before posting a 5.9% weekly gain as buyers kept control of the price action, while energy markets followed the strength in EUAs across the board but UKAs weakened again to their least since the market's record low a year ago. Read MoreTop
CN Markets: CEA trading grinds to a halt as compliance deadline passes
Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week. Read MoreTop
INTERVIEW: Startup capturing CO2 from the ocean touts mechanism to curb energy use
A direct ocean capture startup claims to have a unique way to use curtailed renewable energy to power the majority of its energy use, significantly reducing its drain on the electricity grid. Read MoreTop
