Farmers’ inclination to sell credits could hinder their corporate relationships, says business group
The growing inclination for farmers to generate and sell carbon credits, rather than help their food and agricultural clients achieve their insetting objectives, could hinder supplier relationships in the agricultural sector, a global business association representative told a conference this week.
Read MoreNew partnership reduces CO2 network liabilities with end-to-end modelling capabilities
Operators of CCS networks set to come online around the world in the next few years may be able to reduce CO2 storage liabilities for emitters, thanks to a new partnership between two tech firms that enables network operators to model their entire CO2 network from the point of carbon capture to final injection point.
Read MoreMarket steps into the unknown to supply adjusted CORSIA-eligible units
Demand for credits eligible for the first full phase of the CORSIA is building ahead of the aviation offset scheme’s transition next year, but market participants are questioning whether supply of the required correspondingly-adjusted credits will be available, a conference heard on Monday.
Read MoreFEATURE: Sounding out solutions – acoustics a frontrunner for measuring ecosystem health in new biodiversity credit mechanisms
Using acoustic monitoring devices to collect data about ecosystem health based on the sounds of different animals living in an area is a powerful and cost-effective way of measuring biodiversity and should be one of the primary data collection methods in new biodiversity crediting systems, say industry sources.
Read MoreINTERVIEW: Corporate partnership breaks new ground on carbon contribution claims
A European manufacturing company and conservation NGO are jointly developing carbon projects where the credits will be donated as a ‘contribution’ towards the host nation’s nationally determined contribution (NDC) goal set under the Paris Agreement, in what is emerging as a model for the voluntary carbon market.
Read MoreCurrent carbon capture growth trajectory insufficient to meet net zero, fossil demand to peak by 2030, says IEA
Stronger policy support for carbon removals and capture, utilisation, and storage (CCUS) technologies is required to scale capacity to meet 2050 net zero goals, according to the International Energy Agency’s flagship energy report, which also forecasts peak fossil fuel demand this decade based on the current outlook.
Read MoreFEATURE: With an expansive carbon footprint to address, food firms incentivise emissions cuts in their value chains
A growing number of multinational food companies are looking to reduce climate change risk in their value chains through greater engagement with their suppliers, aiming for a ‘win-win’ partnership where they encourage low-emissions practices that can both reduce their Scope 3 emissions and increase the resilience of their business to climate change.
Read MoreINTERVIEW: Biochar developer sees demand from buyers targeting local, sector efforts
A Europe-based developer of biochar-based carbon removal parks sees strong demand from regional-focused buyers prepared to pay well into triple digits for its carbon credits, having sold out of its initial offering for the first two projects it has been operating so far.
Read MoreInsurance marketplace protects against buy-side carbon credit risk with new partner
A large insurance marketplace has granted ‘in principle’ approval to a carbon insurance company to commence underwriting of carbon credit risk from Jan. 1, 2024.
Read MoreOman to plant mangroves for carbon credits and other economic benefits
Oman plans to plant 100 million mangrove trees in order to generate $160 million in carbon credits, as the government increasingly recognises the economic benefits posed by environmental restoration and seeks to position itself as a global leader on international emissions trade.
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