Durable CDR buying jumps after SBTi opens door for removals in climate targets
The durable carbon removal (CDR) market surged to fresh highs in the first quarter of the year after the Science Based Targets Initiative (SBTi) opened the door for the sector to be used by companies to meet climate targets, finds a new report.
Read MoreECS25: Major EU airline warns Brussels needs “reality check” over flagship Fit for 55 climate package
A large European airline has warned Brussels it should reconsider the impact of its flagship Fit for 55 climate package due to wishful thinking around the cost of sustainable aviation fuel in the legislation, a conference heard Wednesday.
Read MoreECS25: Carbon compliance market adoption accelerating around world amid impact of EU’s CBAM
The adoption of carbon compliance markets is accelerating around the world amid the impact of the EU’s Carbon Border Adjustment Mechanism (CBAM), despite the US rolling back on climate policies after the election of President Donald Trump, a conference heard Wednesday.
Read MoreECS25: Germany wants all international VCM activities registered under Article 6.4
The German government is striving to have “all international market activities” of the voluntary carbon market registered under Article 6.4 of the Paris Agreement to ensure transparency and quality in the global carbon market, an official told IETA’s European Climate Summit on Tuesday.
Read MoreTech giant buys large volume of carbon removals from US forestry project
A tech giant has agreed a long-term contract to buy 676,000 nature-based removal credits from an improved forestry management (IFM) project in the US, enabling the developer to buy the forest upfront.
Read MoreMajor voluntary carbon registries must embrace blockchain for market to scale, claims report
Major voluntary carbon registries must shake off their scepticism of blockchain technology to enable the market to scale, according to a new report.
Read MoreChief executive of carbon financier steps down amid cashflow squeeze
The chief executive of a large carbon financier is stepping down from the role amid a cash squeeze at the company.
Read MoreXpansiv to launch CORSIA Phase 1 contract on CBL platform in April
Carbon infrastructure company Xpansiv will launch in April a new standardised spot contract for Phase 1 of CORSIA, the UN’s international aviation emissions offsetting scheme, it announced Thursday, but there was no corresponding notice of new futures contracts.
Read MoreUK emissions drop in 2024, but international aviation bucks trend
The UK’s greenhouse gas emissions fell around 4% year-on-year in 2024 amid a continued push for renewable power, although emissions from the international aviation sector, which are not included in the figures, bucked the trend to return to levels predating the COVID-19 pandemic.
Read MoreSBTi opens can of worms with various options for CDR usage, say experts
The SBTi may have heightened confusion in the carbon removal (CDR) sector following the release of a draft update to its flagship corporate climate standard, which will pit the practicalities of company decision-making against the nascent industry’s struggle to scale, experts told a webinar on Wednesday.
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