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

Published 02:44 on December 7, 2024  /  Last updated at 12:08 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.

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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.

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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.

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CFTC: Producers boost holdings across North American carbon markets, investors hone in on V25s

Published 00:55 on December 7, 2024  /  Last updated at 00:55 on December 7, 2024  / and /  Americas, US

Emitters built their net holdings throughout the North American carbon markets, while financial players continued to shuffle their positions in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs) in favour of V25s, data released Friday from the US Commodity Futures Trading Commission (CFTC) showed.

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Europe risks missing 2030 climate goals without urgent policy action, analysts warn

Published 00:37 on December 7, 2024  /  Last updated at 03:04 on December 9, 2024  /  EMEA, EU ETS, UK ETS

Europe may have made significant progress in decarbonising its energy sector, but investment efforts must more than double to an average of $1 trillion annually by 2030.

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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.

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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.

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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.

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Saskatchewan inks federal carbon tax exemption into law

Published 19:01 on December 6, 2024  /  Last updated at 19:03 on December 6, 2024  / /  Americas, Canada, Carbon Taxes

The Saskatchewan legislature unanimously passed legislation that will keep federal carbon pricing off of provincial home heating bills on Thursday following a year of political tussling with Ottawa over payment of the levy on fuel.

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Switzerland’s Alpiq hires veteran European emissions trader

Published 17:21 on December 6, 2024  /  Last updated at 17:21 on December 6, 2024  /  Bavardage, EMEA, EU ETS, Switzerland

Switzerland’s Alpiq has hired a veteran trader for its European emissions desk.

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