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Invalidation expires for nearly 3 mln CCOs along with robust ARB first offset outlay of 2025
The invalidation period of about 3 million credits expired during California regulator ARB’s first bi-weekly compliance-eligible offset issuance of 2025, agency data showed. Read MoreTop
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
CORRECTION - CFTC: Investors trim exposure in CCAs, RGGI, LCFS markets
Financial entities reduced net length in V25 California Carbon Allowances (CCA), RGGI Allowances (RGA), and Low Carbon Fuel Standard (LFS) futures and options as volatility spiked in the secondary market, according to data from the US Commodity Futures Trading Commission (CFTC) on Friday, which also revealed a bearish picture for the group's Washington Carbon Allowance (WCA) vintage 2025 holdings for the first time. 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
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
Policy reform needed to mitigate carbon price impact on California energy costs, state watchdog says
While California’s cap-and-trade programme raised energy costs in 2023, lawmakers have a number of policy options to use revenues to better support consumers through the energy transition, the state’s carbon market watchdog said Thursday. 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
New York court dismisses city’s climate lawsuit against fossil fuel companies
The City of New York has effectively lost its lawsuit against several oil giants, failing to prove their claim that the companies misled consumers in marketing of climate-friendly practices, according to a decision filed in state court on Tuesday. Read MoreTop
