SBTi loses key financial backer after incubation grant ends
The Science Based Target initiative (SBTi) has lost one of its key backers after a three-year incubation grant provided by Jeff Bezos’s $10 billion philanthropic fund expired at the end of last year, the standard setter confirmed to Carbon Pulse on Wednesday.
Read MoreCarbon financier cuts jobs, seeks investment amid cash flow squeeze
A large carbon financier is cutting jobs and seeking fresh investment amid a cash flow squeeze, the company said Tuesday.
Read MoreVCM Report: Credits from African soil carbon project hang in balance to further knock market confidence
Confidence in the integrity of the voluntary carbon market took another blow last week after a court ruling threatened to invalidate credits from the world’s largest soil carbon project, amid continued low prices across the sector.
Read MoreGold Standard consults on new methodology tackling huge GHG pollution from aircraft contrails
Gold Standard is seeking feedback on a methodology to credit emissions reductions from tackling commercial aircraft contrails, estimated to account for a large share of the sector’s global warming contribution.
Read MoreShell digs deep for share value as oil and gas profits fall, with renewables sidelined
Shell’s investment in green energy flatlined last year, despite strong voluntary carbon market activity, as its leadership spearheaded a refocus on fossil fuels, but the pivot failed to stop profits dropping amid falling oil prices, annual results confirmed Thursday.
Read MoreRussia needs $25/t carbon price to sprout afforestation, say academics
Russia will need a jurisdictional price of between $20-25 per credit to see significant growth in afforestation, more than double the levy set under the pilot Sakhalin scheme, according to a new academic paper.
Read MoreCredits from world’s largest soil carbon project could be invalid after landmark ruling
More than a million credits from the world’s largest soil carbon project, the Northern Kenya Grasslands Project, could be invalid after a landmark court ruling this week.
Read MoreVCM Report: Market ticks along amid cookstoves, US political uncertainty
Indecision and uncertainty continued to plague the voluntary carbon market after news broke that the Integrity Council for the Voluntary Carbon Market (ICVCM) may not decide on which cookstoves methodologies will qualify for the Core Carbon Principles (CCP) quality label until the end of March, while participants continued to digest the possible impact of US President Donald Trump’s withdrawal from the Paris Agreement.
Read MoreUS airlines to carry big demand for Phase 1 CORSIA credits
The US stands to be the country with the largest demand from its airlines for Phase 1 of the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), according to analyst forecasts.
Read MoreBRIEFING: The Swiss roll out ‘leading’ carbon removal targets in climate act
Switzerland has set the carbon removal sector alight after bringing into force bold new climate legislation at the start of the year, offering millions in funding for carbon capture projects.
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