Verra’s solutions to REDD+ baselines pose easy-fix integrity risks, says ratings agency
As the world’s largest standard body Verra expedites new rules on how to measure GHG improvements from forest protection, experts at a carbon credit ratings agency have pointed out strengths and risks to the proposed approach.
Read More“Claims Code” coming soon to guide corporate use of voluntary carbon credits
A cross-stakeholder group on Tuesday announced new timelines for its Claims Code to guide corporates’ use of voluntary carbon credits, aiming to tackle environmental integrity in the demand side of the market.
Read MoreCanada-based carbon marketer secures purchase of 50k offsets from Swiss brokerage
A Canadian-based carbon marketing and project development company announced on Monday that it had entered into an agreement to purchase 50,000 carbon offsets from low carbon commodity brokerage firm SCB Group, while also introducing a new funding model to expand popular projects.
Read MoreRatings firm gives nature projects low scores on emissions, better on SDGs
A carbon credit ratings agency gave details about its views on hundreds of carbon projects on Thursday, depicting low grades for nature activities on carbon promises but higher scores on SDG benefits – while the company also commented on Verra’s proposed new approach to forest carbon crediting.
Read MoreRenewables overtook fossil fuels for first time in EU last winter -report
Renewable energy generated more of the EU’s electricity than fossil fuels over winter for the first time, with energy trends subduing fears that coal generation was ramping up in the face of a move away from Russian gas, according to analysis published Thursday.
Read MoreNo shortage of European CO2 storage options as oil sector peddles investments
Europe’s oil and gas sector is already quickly advancing its project pipeline for underground CO2 storage, a panel heard Wednesday, with experts touting no shortage of options as the EU hones its target of reaching 50 million tonnes of annual CO2 injection capacity by 2030.
Read MoreFirst commercial-scale DAC plant poised for groundbreaking
A US commercial-scale direct air capture (DAC) plant will hold its groundbreaking ceremony this week, a panel heard Wednesday, with the facility slated to capture up to one million tonnes of CO2 a year once fully operational in coming years.
Read MoreStudy backs argument for CBAM revenue recycling to vulnerable trading partners
The EU’s carbon border adjustment mechanism (CBAM) will have a disproportionate effect on low- and middle-income countries, according to a study published this week that supports the argument for revenues collected at the border to be recycled back to vulnerable trading partners.
Read MoreINTERVIEW: Ecuador’s return to the carbon market hinges on forthcoming legislative vote
A legislative vote is slated to take place in Ecuador in the coming weeks, with the potential to greenlight carbon market development in the heavily-forested South American country after years of inactivity.
Read MoreUN REDD+ results’ debate lingers as fresh criticism surfaces on forest conservation efforts
Another organisation has condemned the use as carbon offsets of REDD+ “results units” issued under the UN’s Warsaw Framework, prompting the coalition promoting the concept to hit back against the “atmospheric garbage” currently for sale on the voluntary carbon market.
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