SBTi 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.
Read MoreICVCM “overly conservative” on CCP requirements for cookstoves, warn carbon project developers
The tough stance adopted by the Integrity Council for the Voluntary Carbon Markets (ICVCM) on cookstove methodologies is “overly conservative” in part, warns a lobby group for project developers.
Read MoreUK pushes for global IMO shipping levy, confirms maritime sector to join ETS from 2026
The UK government is pushing for the quick adoption of a global levy on shipping emissions after announcing on Tuesday that domestic maritime emissions will be cut by at least 30% by 2030 and 80% by 2040, with the sector coming into the ETS from next year.
Read MoreVerra suspends four VVBs involved in rice carbon over-crediting scandal
Verra has suspended four validation and verification bodies (VVBs) that were involved in reviewing the 37 rice cultivation projects in China that the standard rejected last year after a whistleblower raised concerns about their integrity.
Read MoreVCM Report: Removals in focus after SBTi unveils new draft framework, fails to shift needle for demand
Durable carbon removals (CDR) dominated the headlines last week after the Science Based Target initiative (SBTi) released its long-awaited draft of version 2 of its Corporate Net-Zero Standard for public consultation.
Read MoreNature-based carbon standard recruits former Verra president to spearhead expansion
A nature-based carbon project certifier has appointed a former president of Verra to help drive its expansion after raising €5 million in funding in December.
Read MoreVerra appoints new chair to board of directors
Verra has appointed a new chair to its board of directors amid a shake-up in the company, the standard body announced Thursday.
Read MoreBolivia seeks to sell $1.2 bln carbon securities from protection of forests
Bolivia plans to issue $1.2 billion of sovereign carbon securities on or before April 15, a company working on the sale told Carbon Pulse.
Read MoreSBTi plans for removals may cause more harm than good for CDR industry, webinar hears
More harm than good could result from the proposal by the Science Based Target initiative (SBTi) to allow companies to use carbon dioxide removal (CDR) credits to meet their hard-to-abate residual Scope 1 emission targets, a webinar heard Thursday.
Read MoreCDR certifier Puro.earth reaches 1 mln credit issuance mark after burst of interest in 2024
Carbon dioxide removal (CDR) certifier and platform Puro.earth has reached a milestone of issuing more than 1 million removal credits (CORCs) since its first issuance in 2019.
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