UK climate targets at risk from car industry lobbying, says former government advisor
The UK’s seventh carbon budget and its net zero ambitions are under threat from a car industry “stuck in the past” that needs to “wake up and smell the coffee”, a leading academic and former government adviser warned Monday.
Read MoreInvestment in low-emission hydrogen at risk, warns IEA
Huge volumes of low-emission hydrogen projects are under threat of being mothballed without policy backing, warns the International Energy Agency (IEA).
Read MoreMysterious US ocean carbon capture startup set for development in Saudi Arabia
An ocean carbon removal startup that has yet to reveal its pioneering technology has struck a partnership with a state-backed Saudi development company to further bolster the country’s carbon credit exchange.
Read MoreSmall batch of European soil carbon credits trade at over €50 per unit, 5 mln more in pipeline
A small batch of an anticipated 5 million European soil carbon credits from one developer have traded at an average of just over €50 a credit.
Read MoreBiogas carbon project secures approval from Kenya, eyes Article 6, CORSIA trade
A Kenyan biogas project has announced it has secured formal approval from the country’s government, eyeing Article 6 trade, just days after a government minister said the number of credits allowed for international sale would be limited to around 10 million until 2030.
Read MoreCORSIA supply and demand still cloudy, rating agency says
Supply and demand hangs in the air for Phase 1 Corsia with the unknown of credit quantity rubbing against regulatory uncertainty, a webinar heard Wednesday.
Read MoreANALYSIS: Kenya’s limit on ITMO sales highlights Article 6 supply constraints, and may force developers back onto VCM
Kenya’s recent announcement that it will limit Article 6 transfers to 10 million Internationally Transferred Mitigation Outcomes (ITMOs) between 2026 and 2030 surprised many market participants, particularly given the scale of the country’s existing carbon project pipeline, and may signal a fundamental shift for project developers relying on voluntary prices currently languishing in single-digit figures.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreUK may water down EV target, leaving question marks hanging over carbon budget
The UK may be poised to water down its target for scaling electric vehicles (EVs), with the government now discussing with industry on the plans, according to British media reports, in a move that could undermine its longer term carbon commitments.
Read MoreOil product demand in China falling faster than expected amid Middle East conflict
Oil demand in China may have fallen faster than expected as the US-Israeli war against Iran passed the 100-day mark, Reuters reported Friday, in an indication that demand destruction may be advancing rapidly across some global regions, which would see a reduction in emissions across key carbon pricing schemes.
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