Environmental law charity targets asset manager over ‘sustainable’ funds allegedly financing fossil fuels

Published 16:57 on October 18, 2024  /  Last updated at 16:57 on October 18, 2024  / /  Americas, EMEA

An environmental law charity has filed a complaint to the French financial regulator over allegations that an asset manager’s so-called “sustainable” funds are in fact funding fossil fuels.

Read More

Carbon accounting needs a more unified approach to reach net zero, say researchers

Published 16:50 on October 18, 2024  /  Last updated at 16:50 on October 18, 2024  / /  EMEA, Voluntary

Net-zero efforts are currently undermined by the large array of carbon accounting systems available, a research paper has suggested.

Read More

Carbon registry updates its high integrity standard, aligns with CORSIA and ICROA

Published 16:22 on October 18, 2024  /  Last updated at 23:58 on October 18, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Voluntary

A carbon registry has updated its high integrity carbon standard and aligned its programme with CORSIA and International Carbon Reduction and Offset Alliance (ICROA), it announced on Friday.

Read More

DATA DIVE: More and more airlines appear to be retiring carbon credits

Published 11:20 on October 17, 2024  /  Last updated at 19:18 on November 5, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, Data Dive, EMEA, International, Voluntary

An increasing number of the world’s largest airlines are retiring voluntary carbon credits, according to data from the Verra, Gold Standard, ACR, and Climate Action Reserve (CAR) registries.

Read More

Google signs first corporate PPA to buy nuclear power from small modular reactors

Published 16:25 on October 15, 2024  /  Last updated at 16:25 on October 15, 2024  / /  Americas, US

Google has become the first company to sign a corporate power purchase agreement (PPA) to buy nuclear power from small modular reactors (SMRs), the company said on Monday.

Read More

BRIEFING: ‘Huge uncertainty’ in US carbon markets if Trump re-elected, as integrity bodies plough on with guidelines

Published 15:46 on October 15, 2024  /  Last updated at 09:38 on October 16, 2024  / /  Americas, EMEA, US, Voluntary

There is “huge uncertainty” around what would happen to US carbon markets regulations if the openly-climate sceptic former President Donald Trump is re-elected in November, according to the co-chair of the Integrity Council for the Voluntary Carbon Market (ICVCM).

Read More

CFEL24: EU industry may never recover from two-year slump -analysts

Published 22:58 on October 14, 2024  /  Last updated at 16:32 on October 15, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

There is a real chance that EU industry never recovers from its current output slump, in what could be a major drag on the European carbon price over the next decade, analysts told Carbon Forward Expo London 2024 last week.

Read More

Integrating carbon removal credits into EU ETS makes moral and business sense, says BP

Published 18:39 on October 14, 2024  /  Last updated at 18:39 on October 14, 2024  / /  EMEA, EU ETS, Nature-based, Voluntary

There is both a strong moral case and business case for integrating carbon removal credits from around the world into the EU ETS, a senior member of BP’s carbon team told a conference on Monday.

Read More

CFEL24: Credit surplus will not hold back VCM 2.0, analysts say

Published 14:16 on October 11, 2024  /  Last updated at 14:16 on October 11, 2024  / /  EMEA, Voluntary

The credit surplus in the voluntary carbon market (VCM) should not hold back price development and liquidity as the market reforms, analysts at Carbon Forward Expo London said on Thursday, suggesting a two-speed market could develop in the future.

Read More

Denmark publishes national biochar strategy as it looks to meet carbon negative target

Published 09:32 on October 11, 2024  /  Last updated at 09:56 on October 11, 2024  / /  EMEA, EU ETS, Nature-based, Voluntary

Denmark has published a national biochar strategy that outlines how the government plans to use the carbon removal process to meet its climate neutral 2045 target, and 2050 carbon negative target.

Read More