EU strikes deal on aviation coverage in bloc’s carbon market
EU co-legislators have struck a provisional political deal in the early hours of Wednesday that would have flights within the bloc paying for all their CO2 emissions from 2026.
Read MoreIndustry groups urge EU to include export support in carbon border measures
Industry representatives are piling pressure on European institutions to introduce WTO-compliant ‘export adjustments’ to the proposed carbon border adjustment mechanism (CBAM) as talks over the mechanism near closure.
Read MoreRatings agency upholds scores for renewables, forestry projects
A carbon credit ratings agency has this week reaffirmed its scores for six Turkey-based hydropower projects and two Brazilian forestry schemes, while assigning one new project rating.
Read MoreArticle 6 emissions trade expert leaves buyer to form advisory venture
An international emissions trade expert has left one of the world’s leading carbon credit buying entities to start a consultancy specialised in Article 6-era transactions.
Read MoreOffset ratings firm alters scores of 10 projects in review blitz
A carbon credit ratings agency has changed its scores for ten projects as part of two sectoral portfolio reviews this week, while one of the market’s biggest credit issuers had its lofty rating upheld.
Read MoreBritish Airways adds carbon removals to its voluntary passenger programme
IAG’s British Airways has added an option for its passengers to buy CO2 removals credits to address their flight emissions in addition to its conventional carbon credit and sustainable aviation fuel (SAF) offerings.
Read MoreCORRECTION – Ratings firm upholds REDD project score after further updates
A carbon credit ratings agency has reaffirmed its score for a lowly-rated REDD project in South America, upholding the rating again after fresh checks having also undergone a review six months earlier.
Read MoreEU negotiators strike provisional deal on shipping in the EU ETS -MEP
EU negotiators have agreed a unified position on how shipping will be added to the EU ETS, seeking to add the sector’s emissions gradually over 2024-26 rather than immediately as the Parliament had initially wanted, an MEP involved in the talks said on Tuesday.
Read MoreANALYSIS – COP27: UN lays down marker for the future of the voluntary carbon market
Negotiations on a new UN carbon crediting mechanism took only limited steps at COP27 climate talks in Sharm el-Sheikh this month, but some believe the process is providing a clear signal to the shape of the current voluntary carbon market (VCM) that will be hard to ignore.
Read MoreCOP27: Reactions to the Sharm el-Sheikh Implementation Plan and a snapshot of key announcements
Here are selected expert reactions to the Sharm el-Sheikh Implementation Plan, which was concluded at the UN COP27 summit early on Sunday, along with a snapshot of key announcements made at the two-week event.
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