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Bullish momentum building in voluntary carbon market for 2025 -analysts

Published 15:25 on December 6, 2024  /  Last updated at 15:25 on December 6, 2024   / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

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 More
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WCI offset usage slips to just under 4% in 2021-23, compliance data shows

Published 01:26 on December 7, 2024  /  Last updated at 01:26 on December 7, 2024   / and /  Americas, Canada, Nature-based, US, Voluntary

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 More
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UPDATE – RGGI Q4 auction clears more than $2 below secondary market, mild spec involvement

Published 15:27 on December 6, 2024  /  Last updated at 20:33 on December 6, 2024   / and /  Americas, US

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 More
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KEY TAKEAWAYS: ICAO TAB assessments, recommendations, and public comments for CORSIA 2024 application cycle

Published 02:44 on December 7, 2024  /  Last updated at 02:51 on December 7, 2024   /  Americas, Asia Pacific, Aviation/CORSIA, Canada, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, Other APAC, South & Central, South Korea, US, Voluntary

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 More
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BRIEFING: Confidence in VCM increases, but challenges remain in attracting buyers

Published 16:34 on December 6, 2024  /  Last updated at 16:34 on December 6, 2024   / /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

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 More
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G20 nations’ fossil production could blow global carbon budget, study says

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024   / /  Americas, Asia Pacific, EMEA, Voluntary

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 More
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EU-Mercosur deal pushed forward as "necessity" despite environment concerns

Published 16:19 on December 6, 2024  /  Last updated at 16:19 on December 6, 2024   / and /  Americas, EMEA, South & Central

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 More
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Brazilian development bank calls for forest restoration proposals in Amazon, Atlantic Forest

Published 00:04 on December 7, 2024  /  Last updated at 00:04 on December 7, 2024   / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

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 More
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Gold Standard to charge $0.25 per credit issued, $0.20 for least developed countries

Published 12:41 on December 6, 2024  /  Last updated at 12:41 on December 6, 2024   / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

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 More
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France's CCS rollout plan stopped in its tracks after government falls

Published 11:22 on December 6, 2024  /  Last updated at 11:22 on December 6, 2024   / /  EMEA, EU ETS

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 More
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INTERVIEW: Research group says "CDR optimisation" needs clear distinction between removed, avoided CO2

Published 23:40 on December 6, 2024  /  Last updated at 23:40 on December 6, 2024   / /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

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 More
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BRIEFING: EPA defends power plant emissions rules before DC circuit

Published 01:01 on December 7, 2024  /  Last updated at 01:01 on December 7, 2024   / and /  Americas, US, Voluntary

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 More
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SAF production from microbial oil offers higher land-use efficiency, limited by high production costs -study

Published 00:04 on December 7, 2024  /  Last updated at 00:04 on December 7, 2024   / /  Americas, Aviation/CORSIA, RINs & LCFS, South & Central

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 More
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Swiss NDC target 'insufficient', lacks transparency on carbon offsets -report

Published 12:56 on December 6, 2024  /  Last updated at 12:56 on December 6, 2024   / /  EMEA, Paris Article 6

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 More
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Wind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says

Published 14:15 on December 6, 2024  /  Last updated at 14:15 on December 6, 2024   / /  EMEA, International, Shipping

Shipowners can cut compliance costs under the EU's new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer. Read More