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- Wed 22:13The climate ambition of host countries and the stability of their regulatory frameworks are increasingly emerging as factors that could influence the price of internationally-traded carbon credits, as buyers and proponents seek to manage sovereign risks beyond the control of project execution, legal experts said this week during the Latin America Climate Summit (LACS) in Mexico.
- Wed 17:22EU member states want installations covered by the EU’s Emissions Trading System (ETS) to keep receiving free carbon allowances even if they are temporarily removed from the scope of the Carbon Border Adjustment Mechanism (CBAM), according to a leaked draft compromise on extending the scheme.
- Wed 15:35Up and away - UpEnergy has announced its project (VCS2676) in Tanzania has now become eligible for CORSIA Phase 1 under Verra's VM0050 methodology. The cookstove operator said on Linkedin that 142,504 credits have now been tagged as eligible for the international aviation offset scheme on the Verra registry, and they have already found a buyer. But further volumes are expected from the project this year and throughout the remainder of the CORSIA Phase 1, which runs from 2024-26.
- Wed 13:22The voluntary carbon market's (VCM) era of private sector registry-centric governance is over, according to an investment bank which claims sovereign registries will assume the leading role in driving market changes now that Article 6 of the Paris Agreement is up and running.
- Wed 13:11High sustainable fuel costs, policy uncertainty, and limited long-term offtake agreements are holding back private finance for the decarbonisation of EU aviation and shipping, despite growing policy support for cleaner fuels, according to a report published Wednesday.
- Wed 13:10The bottleneck in host countries approving projects for CORSIA, the international aviation offsetting scheme, is holding back nearly 600 million eligible credits to date, a ratings agency has found.
- Wed 12:00A US carbon removal company has secured investment from a Japanese trading firm to expand a facility in Arkansas, while separately signing a credit purchase agreement with a major shipping group, it announced Wednesday.
- Wed 01:48Peru has become the first country in Latin America to register a cooperative approach project on the UNFCCC Article 6 platform, with the clean cooking programme expected to provide Switzerland with more than 726,000 Internationally Transferred Mitigation Outcomes (ITMOs) by 2030.
