Voluntary carbon registry lists first Paris Agreement-aligned activity
A voluntary carbon registry has listed its first Paris Agreement-aligned project, a clean cooking initiative in Senegal that is set to expand to cover several different programmes in the coming years, it was announced on Thursday.
Read MorePrivate sector registries no longer run VCM, investment bank says
The 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.
Read MoreCarbon market maker eyes superpollutant credits in partnership with ratings agency
A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the “ugly ducklings” of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.
Read MoreEU industrial leaders call for ETS and CBAM ‘recalibration’ to preserve competitiveness
EU industrial leaders have called for a comprehensive rethink of the EU’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM) to keep CO2 costs under control, and keep industrial production in Europe as large emitters are weaned off free allowances.
Read MoreVCM REPORT: CORSIA prices struggle to recover despite hopes for post-war demand rebound
CORSIA prices failed to rebound last week, with price assessments for eligible units down by more than 12% week-on-week and benchmark ICE futures dipping below $10/tonne amid higher jet fuel prices, even as market executives expressed hope for resurgence in demand once the Middle East conflict ends.
Read MoreEuro Markets: EUAs end week nearly 5% higher, bolstered by cooling demand
European carbon posted further gains on Friday, after a week that saw the benchmark contract increase by nearly 5%, with UK carbon prices up nearly 10% for the week, as news emerged that the US and Iran have reached a preliminary agreement to extend the ceasefire by 60 days, bringing hope that blockade of the Strait of Hormuz would come to an end, which led to European gas prices sliding marginally.
Read MoreUK removals platform for AI companies launches
A UK firm is launching a platform to sell up to 100,000 carbon-removal credits a year to cloud-computing providers.Â
Read MoreGold Standard opens consultation on methane from waste reduction methodology
Gold Standard has opened a consultation on updates to a methodology that credits activities that tackle methane emissions during organic waste disposal, which will align with requirements set out under Article 6 of the Paris Agreement.
Read MoreVCM REPORT: CORSIA benchmark prices dive more than 15% as EU review, jet fuel costs sap demand
Prices for Phase 1 CORSIA-eligible carbon credits continued to fall last week as uncertainty around the international aviation offsetting scheme and persistently high jet fuel prices weighed on market sentiment, pushing thoughts of future compliance lower down carriers’ list of priorities.
Read MoreIndustry groups warn EU Commission not to over-regulate CO2 transport sector
The European Commission should adopt a phased approach to regulating CO2 transport, and first focus on getting the required infrastructure up and running and boosting investment in the sector, a group of carbon capture, utilisation, and storage companies (CCUS) said on Thursday.
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