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Bullish momentum building in voluntary carbon market for 2025 -analysts
Next year could be a turning point for the beleaguered voluntary carbon market because the underlying fundamentals have stayed robust, particularly the rising number of companies setting SBTi climate targets, despite a tough year, according to analysts in a new report. Read MoreTop
WCI offset usage slips to just under 4% in 2021-23, compliance data shows
Emitters in California's carbon market more than halved their use of offsets during the 2021-23 compliance period, driving overall utilisation under the scheme to below 4% despite an uptick in WCI partner Quebec, government data published Friday showed. Read MoreTop
UPDATE – RGGI Q4 auction clears more than $2 below secondary market, mild spec involvement
The last RGGI cap-and-trade auction of 2024 cleared at a $2.35 discount to RGGI Allowances (RGAs) in the secondary market the day before the sale, and at the low end of market expectations for a discounted settlement, with limited participation from financial entities, according to results published Friday. Read MoreTop
KEY TAKEAWAYS: ICAO TAB assessments, recommendations, and public comments for CORSIA 2024 application cycle
UN civil aviation body ICAO late on Friday published reports outlining its Technical Advisory Body’s (TAB) assessments, recommendations, and public comments made during the 2024 cycle for applications by carbon credit standards seeking eligibility under the airline offsetting programme. Read MoreTop
BRIEFING: Confidence in VCM increases, but challenges remain in attracting buyers
Participants in the voluntary carbon market (VCM) are increasingly confident that integrity issues plaguing the sector are being solved, but challenges remain around attracting buyers, speakers said at an industry conference this week. Read MoreTop
G20 nations’ fossil production could blow global carbon budget, study says
The world may not keep warming to less than 2C over pre-industrial levels based on the petroleum reserves of members of the G20, a report cautioned Friday. Read MoreTop
EU-Mercosur deal pushed forward as "necessity" despite environment concerns
The European Union and the Mercosur group of South American countries concluded a long-awaited trade deal on Friday, calling it a "political necessity" and "historic milestone" despite environmental concerns and opposition from seven EU countries, including France. Read MoreTop
Brazilian development bank calls for forest restoration proposals in Amazon, Atlantic Forest
Brazil’s National Bank for Economic and Social Development (BNDES) this week solicited proposals under initiatives collectively worth R$109 million ($18 mln) that would support forest restoration in the Amazon and Atlantic Forest. Read MoreTop
Gold Standard to charge $0.25 per credit issued, $0.20 for least developed countries
Gold Standard has updated its fee structure for registry accounts and certification processes, with two different pricing options for issuing credits, the standard body announced on Friday. Read MoreTop
France's CCS rollout plan stopped in its tracks after government falls
Plans to develop carbon capture and storage (CCS) in France have made headway over the past months and will resume as soon as the political situation stabilises and the 2025 budget is voted, an official told EU policymakers on Thursday. Read MoreTop
INTERVIEW: Research group says "CDR optimisation" needs clear distinction between removed, avoided CO2
So-called "CDR optimisation" projects that build on pre-existing practices need to improve accounting techniques to distinguish between removed and avoided emissions in order to ensure integrity in the crediting process, representatives from a California-based research group told Carbon Pulse. Read MoreTop
BRIEFING: EPA defends power plant emissions rules before DC circuit
The US EPA’s power plant emissions rules were tested Friday before a three-judge panel as attorneys representing Republican states argued that the rules didn’t properly consider the costs of carbon capture and storage (CCS) technology and that the EPA overstepped in its rulemaking authority. Read MoreTop
SAF production from microbial oil offers higher land-use efficiency, limited by high production costs -study
Oil derived from sugarcane is a promising alternative feedstock in the production of sustainable aviation fuel (SAF) given its land-use efficiency, but the process faces high production costs, researchers published in a recent study. Read MoreTop
Swiss NDC target 'insufficient', lacks transparency on carbon offsets -report
Switzerland's Nationally Determined Contribution (NDC) and overall climate targets, policies and finance have been rated as “insufficient” in a new analysis released on Thursday. Read MoreTop
