CFEL24: UK could consider using Article 6 credits for ‘above and beyond’ mitigation as it mulls next NDC
The UK may use international credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country’s lead negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard on Tuesday.
Read MoreVCM Report: Resurfacing fraud charges undermine confidence, thin liquidity continues
The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company’s ex-COO and a former managing director, Tridip Goswami, among others.
Read MoreNew one-stop solution created for airlines to buy CORSIA, voluntary carbon credits
Two companies have teamed up to offer airlines a one-stop solution for climate action via a portfolio of voluntary credits that includes those eligible for the UN’s international aviation offsetting scheme.
Read MoreEurope to ramp up LNG imports next year if Russian gas transit stops, says IEA
Europe will likely need to import more liquefied natural gas next year, tightening global gas fundamentals, if Russian gas supplies through Ukraine are stopped entirely, the International Energy Agency (IEA) has warned.
Read MoreZimbabwe setting up legal framework for ITMO trade -media
Zimbabwe plans to soon boost its carbon market by opening the door to international trade of ITMO credits under Article 6 of the Paris Agreement.
Read MorePipeline of low-emission hydrogen projects at risk, warns the IEA
Expectations of a low-emission hydrogen boom by the end of the decade could be dashed because a “significant part of the project pipeline” faces delays and cancellations, warns the International Energy Agency (IEA).
Read MoreCookstove project developer to expand across Africa after securing $5-mln investment
A cookstove project developer is set to expand operations from Kenya across ten countries in Africa after securing $5 million of investment.
Read MoreVCM Report: Market hopeful for COP29 boost despite weak liquidity
Liquidity continued to drag in the voluntary carbon market in the last week of September amid the distraction of New York Climate Week, although the summit has stirred hopes of a breakthrough at COP29 in November.
Read MoreNGOs offer ‘playbook’ to help govts set price for ITMOs
Governments face a complex task in setting the price of ITMOs while still staying on track to meet their own climate goals, according to two NGOs, which have teamed up to release a “Ministry Playbook” guide to selling the international carbon credits.
Read MoreCWNYC24: African govt alliance forged to generate ITMO credits from large carbon reforestation project
Eleven African countries have forged a new alliance to generate ITMO credits from a large reforestation and conservation carbon project.
Read More