VCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Read MoreFEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read MoreEU carbon sales to fund ‘Investment Booster’ will come from free permits buffer, reserve for new entrants -Bloomberg
The EU is preparing to finance a new €30 billion clean energy investment programme by selling carbon permits from a reserve for new entrants in the bloc’s Emissions Trading System (ETS) and from an existing buffer of free allowances, while spreading out any auctioning to ensure the additional supply does not disrupt the bloc’s carbon market, Bloomberg reported Thursday.
Read MoreResearchers urge EU to rethink CBAM as global climate cooperation weakens
The European Union’s flagship Carbon Border Adjustment Mechanism (CBAM) may be ill-equipped to protect European industry in an increasingly fragmented global economy, according to a new study that calls for a major redesign of the policy.
Read MoreBenin eyes carbon markets to help deliver new Paris climate plan
Benin has raised its climate ambition under a newly submitted Nationally Determined Contribution (NDC), pledging to cut greenhouse gas emissions by one-third over the next decade while positioning itself to tap international carbon markets under Article 6 of the Paris Agreement.
Read MoreCarbon intensity of carmakers rivals oil majors as reporting gaps mask emissions -report
Automakers’ carbon intensity can exceed that of some major oil and gas companies when vehicle-use emissions are adjusted for real-world driving, a report published Tuesday has found.
Read MoreUK sets 87% emissions reduction target in seventh carbon budget
The UK government has proposed a new climate target requiring an estimated 87% reduction in greenhouse gas emissions by 2038-2042 compared with 1990 levels, arguing that faster action on clean energy will strengthen energy security, cut household costs, and support economic growth.
Read MoreGerman govt carbon offsetting for travel slumps amid shortage of high-quality credits -media
Germany’s federal government has slashed spending on carbon offsetting for official travel by more than 90% in 2025 as stricter international standards left policymakers struggling to find enough qualifying carbon credits, according to Table.Briefings.
Read MoreVCM REPORT: CORSIA prices struggle to recover despite hopes for post-war demand rebound
CORSIA prices failed to rebound last week, with price assessments for eligible units down by more than 12% week-on-week and benchmark ICE futures dipping below $10/tonne amid higher jet fuel prices, even as market executives expressed hope for resurgence in demand once the Middle East conflict ends.
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