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Verra cancels 5 mln over-issued credits from CQC projects following investigation
Verra has cancelled over 5 million voluntary carbon credits issued to C-Quest Capital (CQC) projects following an investigation launched back in June, also in the wake of charges of fraud by US authorities on former executives at the company. Read MoreTop
Russia to put forward plans for int'l carbon market at COP29 -media
Russia will present ideas for creating an international carbon market at the UN climate summit COP29 in Baku next month, local news outlets have reported. Read MoreTop
ANALYSIS: UN Article 6 body underscores 'bottom-up' approach in core standards, key carbon removal elements still need clarity
Flexible, non-prescriptive approaches are staple features of the carbon crediting methodologies and removals standards, adopted by a UN body last Thursday, in a bold move that experts see as a major step forward towards carbon crediting under the Paris Agreement’s Sustainable Development Mechanism (SDM). Read MoreTop
DATA DIVE: More and more airlines appear to be retiring carbon credits
An increasing number of the world’s largest airlines are retiring voluntary carbon credits, according to data from the Verra, Gold Standard, ACR, and Climate Action Reserve (CAR) registries. Read MoreTop
Carbon project financier launches legal action against Indonesia REDD developers over alleged contract breach
A carbon project financier has launched arbitration proceedings and a court action in Canada against the developers of a large Indonesian REDD project. Read MoreTop
EU launches €15-mln call for carbon capture technology proposals
The European Commission on Thursday announced a €15-million funding opportunity aimed at advancing technologies in direct air carbon capture and storage (DACCS) and bioenergy carbon capture and storage (BECCS). Read MoreTop
US sporting goods company seeks to offset shipping emissions, restore Oregon forests
A major athletics brand seeks to offset the emissions generated by shipment from its online purchases in the US through forestry-based carbon credits, targeting nearly 27,600 acres of forestland in Oregon. Read MoreTop
US DOE commits nearly $3 bln in conditional loans to expand SAF production
The US Department of Energy (DOE) announced conditional loans totalling nearly $3 billion to two biofuel producers with the goal of expanding sustainable aviation fuel (SAF) and renewable diesel (RD) output. Read MoreTop
WCI Markets: CCA prices cool off post ARB notice spike, WCAs quiet ahead of repeal vote
California Carbon Allowance (CCA) futures prices tailed off Thursday as initial market excitement over ARB's regulatory notice published earlier in the week eased, while the Washington Carbon Allowances (WCA) activity remained muted despite some positive polling for the programme ahead of November's repeal vote. Read MoreTop
California refinery to close next year, citing 'market dynamics'
An oil refinery in the Los Angeles area is set to shutter in Q4 2025, less than a week after California's legislature approved controversial fuel supply minimums for in-state refiners, according to a company announcement on Wednesday. Read MoreTop
China increases CO2 allocation levels in final ETS allocation plan for 2023-24
China’s environment ministry has released the final carbon allowance allocation plan for the years 2023 and 2024, marginally easing the settings for coal-fired power plants compared to the previous draft as some 68 million additional CO2 permits are now set to be handed out in each of the two years. Read MoreTop
Cote d’Ivoire forms office to expedite carbon market regulations
The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced. Read MoreTop
Carbon removal platform opens first reforestation protocol for public consultation
A technology-focused carbon removal programme has for the first time launched a public consultation on a reforestation protocol, the company announced on Thursday. Read MoreTop
Rating agencies could help to scale Article 6 market, says expert
Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday. Read MoreTop
