Brussels moves to slash CBAM benchmarks but eases fears of tougher-than-ETS regime, leaked documents show
The European Commission has slashed the emissions benchmarks that will underpin the EU’s Carbon Border Adjustment Mechanism (CBAM) from 2026, according to draft documents seen by Carbon Pulse, unveiling proposed values that sharply tighten the carbon costs facing importers while stopping short of the ultra-strict regime many in industry had braced for.
Read MoreCOP30: Indonesia eyes first international ‘roadshow’ for forest credits before year-end
Indonesia plans to launch an international roadshow to showcase its forestry credits to potential investors and buyers before the end of the year, a senior forestry official told Carbon Pulse, in a move that he said could operationalise the export of the country’s offsets.
Read MoreLatest CORSIA auction sees 1 mln Guyanese REDD credits bought for $22.55/tonne
Airlines have scooped up 1 million Guyanese REDD credits at a fixed price of $22.55/tonne in the IATA-backed CORSIA auction that ran between Aug. 18 and Oct. 3.
Read MoreCOP30: Countries reluctant to reopen Article 6 texts despite early summit drama on carbon removal permanence
Parties are not expected to reopen adopted texts governing the Paris Agreement Crediting Mechanism (PACM), despite strong interventions in talks earlier this week at COP30 made by countries raising concerns with a permanence standard affecting new Article 6 carbon projects.
Read MoreCOP30: Brazil’s Goias state inks MoU with Emergent to explore LEAF-linked J-REDD credit sales
Goias has signed a memorandum of understanding (MoU) with non-profit Emergent to explore future sales of jurisdictional REDD+ (J-REDD) credits to the LEAF Coalition, becoming the latest Brazilian state to signal its intent to access large-scale forest finance under the initiative.
Read MoreICAO expands CDR eligibility under CORSIA with six Isometric protocols
ICAO has approved six of Isometric’s methodologies for engineered removals under the UN’s CORSIA aviation offsetting system, backing a wider suite of CCS, direct air capture (DAC), and biochar methodologies.
Read MoreNew Equitable Earth REDD+ standard enters market with 4 mln ha pipeline
Equitable Earth on Thursday launched a new REDD+ methodology on the sidelines of COP30 in Belem, aiming to accelerate the certification of high-integrity, community-led forest conservation projects across multiple continents.
Read MoreCOP30: Researchers propose framework to test countries’ ‘highest possible ambition’ under Paris Agreement
A new study by climate governance experts has set out a practical method for assessing whether governments’ climate pledges genuinely reflect the ‘highest possible ambition’ required under the Paris Agreement — a term long criticised for its vagueness and uneven application across countries.
Read MoreCOP30: Indonesia accelerates carbon markets re-engagement with new agreements, buyer outreach
Indonesia has signed two new agreements to advance its voluntary carbon market and deepen climate cooperation with the UK, while simultaneously stepping up efforts to attract international buyers for the more than 90 million credits it plans to showcase during COP30.
Read MoreEXCLUSIVE: ICAO approves CCS, carbon removal credits for use under CORSIA global aviation offset scheme
The International Civil Aviation Organization (ICAO) has for the first time authorised carbon capture and storage (CCS) and engineered removal methodologies for use under its CORSIA international aviation offsetting scheme, with a number of voluntary carbon standards also receiving eligibility approval for the current and next trading periods.
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