UK microalgae carbon removal startup sells first credits to European insurer
A UK-based carbon removal developer has sold its first credits under a multi-year offtake agreement to a large European insurance firm, they announced Thursday.
Read MorePOLL: Analysts retain bearish near-term outlook for UK Allowances on policy uncertainty, oversupply
Analysts have kept their bearish UK Allowance outlook for the year ahead due to the policy uncertainty and oversupply that continue to hang over the market, revising down forecasts for benchmark futures prices by around 5% compared to previous polling.
Read MoreANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headaches
The impending US withdrawal from the Paris Agreement could influence the supply and demand dynamics under the CORSIA international aviation offsetting scheme, progress towards the launch of the new Paris Agreement Crediting Mechanism (PACM), as well as the 2028 Article 6 review — although widespread uncertainty still clouds the overall outlook under the new Trump administration.
Read MoreInitiative publishes voluntary carbon guidance for private market participants
An initiative has published a new guide on the voluntary carbon market (VCM) to help private market participants achieve net zero goals and avoid greenwashing when engaging with the sector.
Read MoreUK initiative launches new corporate net zero certification programme
A UK-based company has launched a new four-tier certification programme to that assesses the net zero plans of organisations under a membership model.
Read MoreSouth Pole unveils new advisory board to guide revamp
Large carbon asset developer and consultancy South Pole has announced a new strategic advisory board to help it usher in a new era with a focus on removals and Article 6 markets.
Read MoreUPDATE – UKAs surge on reports of British govt push for ETS linkage with EU
UK carbon prices rallied above £40 on Tuesday on reports describing a push from Prime Minister Keir Starmer’s government to link the British emissions trading market to that of the EU – a plan strongly supported by the Scottish government.
Read MoreZambia publishes carbon market framework in step towards Article 6 trade
Zambia has published a carbon market framework, which establishes a fee structure for international credit trade, the institutional arrangements for managing markets in the country, and the functions of its national registry, as it moves a step closer towards Article 6 readiness.
Read MoreNet zero asset owners initiative opens call for carbon removal expertise
The UN-convened Net Zero Asset Owner Alliance (NZAOA) has published a request for information as it seeks to ramp up to capacity building, knowledge sharing, and investment in carbon removal.
Read MoreICE sees record environmental contracts trade in 2024
The ICE exchange on Friday said it saw a record number of environmental contracts trade in 2024, and confirmed the launch of new EU ETS2 futures in May.
Read More