Zimbabwe authorises up to 2.86 mln Article 6 credits, with 5k receiving corresponding adjustments
Zimbabwe has issued a Letter of Authorisation (LoA) for up to 2.855 million Article 6 Internationally Transferred Mitigation Outcomes (ITMOs), issued or to-be-issued, to a cookstove project, with 5,000 of those credits receiving corresponding adjustments, the developer confirmed to Carbon Pulse on Monday.
Read MoreBRIEFING: Industry experts warn of “zombie” biochar companies as sector faces reckoning
Experts have issued a stark warning about the proliferation of unsustainable “zombie” biochar companies, highlighting critical challenges facing the emerging carbon removals technology.
Read MoreBRIEFING: Carbon removals sector still on the up, but market anxious amid “crisis narrative”
Large carbon removal (CDR) transactions are being made behind the scenes despite a more challenging narrative around corporate climate action, but capital must continue to flow into the sector to avoid a supply-side collapse over the next few years, an industry conference heard Tuesday.
Read MoreQ1-25 airline traffic trends reinforce top-end 160 Mt forecast for 2024-26 CORSIA demand -IATA
The International Air Transport Association’s (IATA) latest calculations, based on airline traffic numbers for Q1 2025, continue to suggest that demand under the international CORSIA offset scheme during its current trading phase could near or even exceed 160 million tonnes.
Read MoreCalifornia class action suit targets RJ Reynolds for using dubious offsets to market Vuse vapes as carbon neutral
RJ Reynolds Vapor Company and its parent British American Tobacco (BAT) are facing a proposed class action lawsuit in California alleging they misled consumers by falsely claiming that their Vuse vape products are carbon neutral by using offsets tied to questionable forestry projects.
Read MoreEuro Markets: EUAs fall 1.5% after early excitement around halted US tariffs, TNAC figure
Benchmark EUA futures fell 1.5% on Thursday, retreating from a one-week high earlier in the day fuelled by excitement about the latest TNAC figure and news that President Donald Trump’s wide-reaching tariffs have been blocked by a US court.
Read MoreVoluntary market value shrinks 29% YoY to $535 mln, down from peak of $2 bln -report
Voluntary carbon credit trade crashed lower in 2024, wiping 29% off market value year-on-year, as project developers grappled with the “bumpy ride” to integrity, according to a report published Thursday.
Read MoreICE’s North America carbon head joins US broker-dealer to help build energy business
ICE’s North American head of environmental products has left the exchange operator to join a US-headquartered broker-dealer to help them build their carbon and energy trading business.
Read MoreEU’s Market Stability Reserve to withdraw another 275.5 mln allowances from ETS starting Sep. 2025
A further 275.5 million carbon allowances will be withdrawn from the EU ETS over the 12 months starting this September and inserted into the Market Stability Reserve (MSR), the European Commission announced late Wednesday in its annual ‘TNAC’ update.
Read MoreGerman court rejects Peruvian farmer’s case against RWE, but ruling seen as key liability precedent
A German court has dismissed a landmark climate lawsuit brought by a Peruvian farmer against energy giant RWE, but an important precedent may have been set where big emitters can be held liable for the impact of their greenhouse gas emissions.
Read More