INTERVIEW: Aviation sector needs to look at ways to cut carbon now, while waiting for emissions-free planes to launch
Hydrogen fuel cell planes may not hit the market until the late 2040s, which means the aviation sector will have to adopt other measures to reduce emissions, such as increasing energy efficiency or redesigning airspace, according to a developer of the technology.
Read MoreVCM Report: Boost from smaller carbon registries keeps credit retirements set for annual record
Retirements of voluntary carbon credits remained high last week across the big four registries, which saw the gap continue to narrow to last year’s record total, but other, smaller organisations have seen volumes grow, putting 2024 on course to hit a fresh annual high.
Read MoreGlobal consultancy plans to hit net zero by 2025 with nature-based removals
Global consultancy Accenture is investing in nature-based carbon removals to tackle residual emissions and reach its net-zero target by 2025, the company revealed this week.
Read MoreVoluntary carbon market saw healthy volume across wide price range in November, says exchange
Healthy volumes of high-priced voluntary carbon credits changed hands in November, across a very wide range of traded values, according to an exchange platform.
Read MoreBill Gates-backed fund piles millions into Canadian carbon removal developer
Bill Gates’s clean tech venture fund has stumped up $40 million to invest in a carbon removal startup aiming to create a Canadian testing ground for multiple direct air capture (DAC) technologies, the companies said on Wednesday.
Read MoreCORSIA futures jump in wake of carbon credit auction
Futures for Phase 1 of CORSIA, the UN’s international aviation offsetting scheme, have jumped higher in the wake of reported results from a credit auction coming to light this week.
Read MoreValue of retired voluntary carbon credits jumps in 2024 -analysis
The value of credits retired in the voluntary carbon market jumped to around $900 million in the first 11 months of the year, as the market recalibrated around quality and impact, according to research published by a marketplace.
Read MoreCarbon credit buying does not help companies decarbonise quicker, claims paper
Academics have contradicted claims that companies buying carbon credits decarbonise faster than others, although their paper is still not peer reviewed.
Read MoreVCM Report: Retirement levels drop, market subdued amid ICVCM, CORSIA confusion
Retirement levels of voluntary carbon credits were relatively low last week to dash hopes of a year-end flurry, while drama around a recent REDD+ decision from the Integrity Council for the Voluntary Carbon Market (ICVCM) brought the Core Carbon Principles (CCPs) badge of quality into the spotlight.
Read MoreVerra calls on UN body to re-evaluate carbon credit exclusions from CORSIA Phase 1
Verra has questioned UN agency ICAO’s decision to exclude some of its methodologies from Phase 1 (2024-26) of the CORSIA international aviation offsetting scheme, including its new protocols across forestry and energy sectors.
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