ICVCM adopting ‘blunt’ approach to assessing voluntary carbon integrity after ruling out renewables, say analysts
The Integrity Council for the Voluntary Carbon Market (ICVCM)’s recent decision to rule out renewable energy credits from its high integrity CCPs tag reflects a “somewhat blunt approach”, according to analysts.
Read MoreVerra lifts suspension of Southern Cardamom REDD+ project after 14-month investigation
Verra has lifted its suspension of the Southern Cardamom REDD+ project (SCRP) after a 14-month investigation found the huge avoided deforestation scheme in Cambodia conformed to its standards, dismissing allegations of human rights violations.
Read MoreEU backs new rules for monitoring, reporting aviation emissions from low-carbon fuels, non-CO2 sources
EU member states on Friday approved an update to the bloc’s regulations that introduces zero-rating for emissions from a series of low-carbon aviation fuels and outlines new requirements for the MRV of non-CO2 emissions from airlines.
Read MoreEuro Markets: EUAs shed 1% week-on-week despite rising gas
European carbon prices traded rangebound on Friday morning, initially following TTF gas higher amid supply concerns due to geopolitical uncertainty, before easing back to notch a 1% week-on-week drop.
Read MorePOLL: Analysts lift EU carbon price forecasts, but expect enduring bearish factors to cap any gains
Analysts have nudged up their short- and medium-term forecasts for EU carbon allowances, though most repeated expectations that any prices rises will remain limited by weak demand from emitters and ample supply.
Read MoreLower financial burdens but unequal impact for households from carbon pricing, finds IMF-backed research
Widespread exemptions in carbon pricing have resulted in lower-than-expected financial burdens on households, though higher-income earners tend to benefit more due to their consumption patterns, according to new research published by the IMF.
Read MoreBRIEFING: Everything you need to know about Trump VP pick JD Vance
Donald Trump on Monday announced Ohio Senator JD Vance (R) as his vice-presidential candidate, cementing the former president’s image as the preferred candidate for the pro-fossil fuels, anti-renewable energy, and climate science-denying US voter base. Here’s a summary of Vance’s record on climate and energy matters.
Read MoreIndonesian court overturns Rimba Raya REDD project’s permit revocation
An Indonesian court has ruled in favour of the local concession holder of the giant Rimba Raya REDD project, overturning the national government’s revocation of its licence to operate the scheme.
Read MoreVoluntary carbon removals standard announces new seawater electrolysis protocol
A voluntary carbon standard on Thursday released for public consultation a new protocol aimed at boosting the reliability of CO2 removal through seawater electrolysis.
Read MoreTwo EU member states increase number of EUAs they intend to cancel under ETS flexibility mechanism
Two EU member states have notified the European Commission that they intend to increase the number of EU Allowances they plan to cancel via the bloc’s ETS ‘flexibility’ mechanism to help them achieve their non-ETS emissions reduction targets.
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