Verra 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.
Read MoreUPDATE – Non-profit lodges complaint against Verra over REDD+ carbon project
International carbon standard Verra has fallen foul of the Integrity Council for Voluntary Carbon Market (ICVCM) rules in investigating human rights abuse claims levelled at a REDD+ project, a non-profit has claimed Thursday, lodging a formal complaint.
Read MoreUS consulting group makes big splash in CDR market with 50k purchase
A US-based consulting group has bought more than 50,000 carbon removal (CDR) credits for delivery over the next two years, it announced Thursday.
Read MoreBank warns that consensus around tight EUA market in 2026 could be blown off course
Consensus there will be sharp tightening in the EU ETS market in 2026 could be shocked when new free allocation numbers are published by the EU Commission, an investment bank has warned.
Read MoreUS carbon project developer targets Turkiye with new joint venture
A US-based project developer has created a joint venture with a Turkiye-based sustainability company to scale carbon trading in the country, they said Wednesday.
Read MoreUS oil giant plans up to $30 bln of investment in ‘low-carbon’ projects
A US oil and gas company announced plans Wednesday to plough up to $30 billion in “low emissions opportunities” between 2025 and 2030, with almost 65% spent on reducing climate impact for third-party customers.
Read MoreGlobal consultants to manage world’s first gas-fired power station with CCS
An international consultancy has secured a contract to manage the world’s first gas-fired power station with carbon capture and storage (CCS), which could sequester up to 2 million tonnes of CO2 a year, and received financial approval on Tuesday.
Read MoreExperts warn CCP-approved REDD carbon methodologies risk significant over-crediting, leave integrity body
The Integrity Council for the Voluntary Carbon Market (ICVCM)’s quality assessment process has been put under the spotlight after current and former experts of the stakeholder initiative’s expert panel warned that three recently-approved REDD methodologies could produce “large volumes” of over-crediting, with several members stepping away from the organisation.
Read MoreVCM Report: CORSIA carbon futures bounce after ICAO formally approves new standard bodies
Eligible futures for CORSIA Phase 1 bounced higher on Monday after a late Friday announcement from UN agency ICAO confirmed four new standard bodies have been formally granted eligibility to supply credits to the international aviation offsetting scheme.
Read MoreBullish momentum building in voluntary carbon market for 2025 -analysts
Next year could be a turning point for the beleaguered voluntary carbon market because the underlying fundamentals have stayed robust, particularly the rising number of companies setting SBTi climate targets, despite a tough year, according to analysts in a new report.
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