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Global tax on aviation, shipping could raise $200 bln annually by 2035 -IMF
International transportation, especially aviation and shipping, must be “urgently taxed” as that would raise up to $200 billion a year in revenues by 2035, potentially tripling current global climate finance, a paper released by the International Monetary Fund (IMF) has found. Read MoreTop
Satellite data tool finds methane leaks could be higher than reported in Australia
Emissions from 20 methane leak hotspots could be twice the official number, according to a Canberra-based think tank that has examined the sites using a new satellite measuring tool offering granularity past the self reporting required of emitters under Australian law. Read MoreTop
Energy emissions will peak in 2024, but Paris goals still out of reach -report
Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution, a new report has revealed. Read MoreTop
Euro Markets: Midday Update
European carbon allowances rebounded on Wednesday as they looked to snap three consecutive loss-making sessions, eyeing key technical levels to the upside even as TTF gas prices continued to correct lower, while investment funds raised their net short position to the highest level since March. Read MoreTop
INTERVIEW: India can be massive carbon removals supplier, but lacks local demand
India has great potential to be a leader in the global supply of carbon removals credits, but the country is also facing a total lack of domestic demand for such credits, a carbon removals accelerator told Carbon Pulse on the sidelines of a carbon summit this week. Read MoreTop
Climate Impact Partners, Deloitte launch programme to fund UK seagrass restoration
Voluntary carbon market experts Climate Impact Partners and Deloitte launched on Wednesday a programme to unlock financing towards seagrass recovery in the UK, as part of a wider seagrass carbon code currently under development in the country. Read MoreTop
Renewables ramp up beyond policy plans but won’t hit COP28 target, IEA says
Renewable energy growth will be swift and large but still fall short of the commitment made at COP28 to triple penetration by the end of the decade even as it outpaces nations’ current ambitions, the International Energy Agency (IEA) said Wednesday in a renewables report. Read MoreTop
Shanghai unveils local voluntary methodology for salt marsh restoration
Shanghai has introduced a voluntary methodology for salt marsh restoration to create carbon credits under a regional offsetting programme. Read MoreTop
CFEL24: Airlines see CORSIA credit supply 'tipping point' approaching
The current lack of supply in carbon credits approved under the UN’s CORSIA carbon offsetting scheme could be coming to an end in November when new voluntary carbon standards are expected to be approved under the scheme by the International Civil Aviation Organisation (ICAO), industry officials say. Read MoreTop
Methane standards-setter announces certification of Europe’s largest LNG terminal
A Colorado-based methane standards-setter has certified Europe’s largest LNG terminal, it announced on Wednesday during the BloombergNEF London Summit. Read MoreTop
UK miner developing blue carbon methodologies in Chile
A UK-based mining company said Tuesday that it is developing new methodologies for blue carbon projects that aim to increase the carbon sink capacity of Chilean coastlines. Read MoreTop
Voluntary carbon markets need comparable assets to function -Chilean official
To function smoothly, carbon markets need increased transparency and more fungible assets, a Chilean official from the Ministry of Finance said at Chile Carbon Forum in Santiago on Tuesday. Read MoreTop
BRIEFING: Chile welcomes nearly a dozen projects into Article 6 pipeline
Chile has nearly a dozen Article 6.2 projects in various stages of development, including an imminent issuance, and is working to develop an official taxonomy of priority project types, Carbon Pulse heard at the Chile Carbon Forum in Santiago on Tuesday. Read MoreTop
CFEL24: Most VCM participants now seek compliance-eligible projects -ratings agency
Most voluntary carbon market (VCM) investors are now only looking at projects expected to fit within regulated regimes, like CORSIA or Article 6, according to the head of a carbon project ratings agency. Read MoreTop
