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Gabon launches sovereign carbon initiative with $17/t "contribution", CORSIA-linked offsetting provisions

Published 22:47 on January 17, 2025  /  Last updated at 22:47 on January 17, 2025   / /  Africa, Aviation/CORSIA, EMEA, International, Nature-based, Shipping, Voluntary

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 More
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US DOE awards $1.7 bln to green hydrogen producer

Published 20:04 on January 17, 2025  /  Last updated at 20:04 on January 17, 2025   / /  Americas, RINs & LCFS, US, Voluntary

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 More
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"Year of contrasts" for VCM as carbon credits see moving trends in 2024 -report

Published 17:50 on January 17, 2025  /  Last updated at 17:50 on January 17, 2025   / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

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 More
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DATA DIVE: Record number of new VCM entrants in 2024 a positive sign for the market

Published 17:16 on January 17, 2025  /  Last updated at 22:20 on January 17, 2025   / and /  Americas, Asia Pacific, Data Dive, EMEA, International, Nature-based, Voluntary

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 More
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CARBON FORWARD MIDDLE EAST: Iraq steps up Article 6 push with project reviews, talk of ‘cooperative approaches’

Published 14:26 on January 17, 2025  /  Last updated at 14:26 on January 17, 2025   / /  EMEA, International, Middle East, Paris Article 6

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 More
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CARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts

Published 13:00 on January 17, 2025  /  Last updated at 13:00 on January 17, 2025   / and /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Paris Article 6, Voluntary

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 More
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CARBON FORWARD MIDDLE EAST: FEATURE – Compliance emissions pricing measures take root in the Gulf

Published 10:28 on January 17, 2025  /  Last updated at 10:28 on January 17, 2025   / /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, International, Middle East, Nature-based, Paris Article 6, Voluntary

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 More
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Proposed ‘exchange rate’ for EU carbon allowances faces barrage of criticism

Published 10:36 on January 17, 2025  /  Last updated at 10:36 on January 17, 2025   / /  EMEA, EU ETS

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 More
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Verra flooded with suggestions on improving VCS Programme

Published 15:27 on January 17, 2025  /  Last updated at 15:27 on January 17, 2025   / /  Americas, Asia Pacific, EMEA, Voluntary

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 More
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New Austrian government to scrap climate bonus as part of budget cuts

Published 16:38 on January 17, 2025  /  Last updated at 16:38 on January 17, 2025   / /  EMEA, EU ETS

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 More
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Estonian agtech completes large-scale soil sampling for future carbon credits

Published 15:04 on January 17, 2025  /  Last updated at 15:04 on January 17, 2025   / /  EMEA, Nature-based, Voluntary

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 More
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Euro Markets: EUAs top significant level as speculative buyers continue to bolster prices, as UKAs weaken again

Published 17:29 on January 17, 2025  /  Last updated at 21:28 on January 17, 2025   / /  EMEA, EU ETS, UK ETS

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 More
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CN Markets: CEA trading grinds to a halt as compliance deadline passes

Published 10:03 on January 17, 2025  /  Last updated at 10:10 on January 17, 2025   / /  Asia Pacific, China

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 More
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INTERVIEW: Startup capturing CO2 from the ocean touts mechanism to curb energy use

Published 13:05 on January 17, 2025  /  Last updated at 13:05 on January 17, 2025   / /  Americas, Canada, EMEA, US, Voluntary

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 More
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Carbon storage building materials could absorb half of world's annual CO2 -study

Published 23:16 on January 17, 2025  /  Last updated at 23:16 on January 17, 2025   / /  Americas, Nature-based, US, Voluntary

Tweaking conventional building materials to absorb CO2 could boost carbon storage capacity to half of the world’s emissions annually, a new scientific study estimated. Read More