US govt funds initiative to support nations’ Article 6, CORSIA carbon trading strategies
The US Department of State is lending financial support to an effort that will help developing countries’ governments improve their national climate strategies under the Paris Agreement’s market-based Article 6 and separate CORSIA mechanism for international aviation through carbon trading.
Read MoreIndigenous-led technical committee to inform jurisdictional REDD+ co-benefits certification
A jurisdictional REDD+ programme on Monday announced the formation of a technical committee led by four Indigenous and local community organisations from Latin America and Africa, which will help develop an optional certification for some of the non-carbon benefits of forests.
Read MoreWealth manager inks another carbon removals deal as it transitions from avoidance-based offsets
A global financial services firm on Thursday announced its third procurement of multi-year carbon removals in as many months, as the company aims to reach net zero emissions by 2030 and transition away from avoided-emissions credits.
Read MoreICAO says airline passenger demand to eclipse 2019 levels this year
UN body ICAO on Wednesday said airline passenger demand is expected to completely rebound from the COVID-19 pandemic this year and rise above 2019 levels, which suggests that carriers could accrue some pilot phase compliance obligations under the CORSIA offsetting scheme.
Read MoreCosta Rica sets out blue carbon strategy for achieving Paris goals
The Costa Rican government has launched on Tuesday a national blue carbon strategy that it says will help the country meet its Paris Agreement climate goals, and reportedly will seek to develop guidance and criteria for registering projects in the next several years.
Read MoreTechnology company, audit firm form partnership for on-site carbon credit verification
A carbon credit technology firm and litigation support company on Tuesday announced a strategic partnership that will perform “boots-on-the-ground” checks and other auditing services to ensure the integrity of offset projects.
Read MoreCalifornia carbon market watchdog calls for greater clarity on post-2030 legal authority
California policymakers and lawmakers must provide greater certainty on their authority to implement the state’s WCI-linked cap-and-trade programme after 2030 in order to hit the state’s ambitious GHG reduction targets, a watchdog report said Friday.
Read MoreRFS Market: RINs sink to two-month low as waivers, credit generation weigh
US biofuel credit (RIN) values receded over the past week to levels not seen since December, as traders pointed to the lasting impact of a court ruling on Renewable Fuel Standard (RFS) compliance waivers and strong potential credit generation numbers in January.
Read MoreSBTi guidance sees aviation CO2 intensity halve by 2035 to keep warming below 1.5C
The UN-backed Science-Based Targets Initiative (SBTi) on Thursday released a technical report describing an interim pathway for aviation companies to set GHG reduction goals in line with the more ambitious temperature goal of the Paris Agreement.
Read MoreVoluntary carbon market standards must require price transparency to eliminate profiteering, watchdog argues
Industry standards like the Integrity Council for the Voluntary Carbon Market (ICVCM) should require VER price information from project developers in order to stamp out profiteering in the voluntary carbon market, as the vast majority of intermediaries refuse to publish their fees or profit margins on offset sales, according to a climate campaigner report published Thursday.
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