Isometric shortens default public comment period in latest standard update
Carbon credit registry and certification body Isometric has certified Version 2.1 of its standard, introducing a more streamlined validation process designed to accelerate the issuance of carbon removal credits.
Read MoreSweden urges EU to maintain 4.4% ETS emission reduction rate through 2035
Sweden’s Environmental Protection Agency has called for the EU Emissions Trading System (EU ETS) to maintain a strong and predictable carbon reduction pathway after 2030, warning that excessive flexibility could weaken incentives for industry to invest in the green transition.
Read MoreChile forest carbon reporting in accordance with UN rules, assessment finds
Chile’s efforts to reduce emissions from deforestation and forest degradation have received a positive assessment from UN climate experts, who concluded that the country’s reported forest-sector emissions reductions are largely transparent, consistent, and in line with international reporting requirements.
Read MoreFEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
Read MoreDATA DIVE: One-third of stakeholders back including carbon credits in EU ETS
Only a third of EU ETS stakeholders are explicitly in favour of allowing the use of international carbon credits in the cap-and-trade market, whereas a strong majority backs the bloc’s use of credits outside the scheme, data from the European Commission’s call for evidence reveals.
Read MoreClimeworks CEO urges diversification of carbon removal buyers
The CEO of large carbon removal developer Climeworks has called on governments and corporations to expand their support for new technologies, warning that the industry cannot rely on a small group of early adopters to scale operations fast enough to meet global climate goals.
Read MoreANALYSIS: Potential EU CBAM-linked Article 6 demand could reach 17 Mt per year, as market questions “arbitrary” cap
Annual demand for Article 6 carbon credits, generated by proposed rules to allow them to be deducted from EU Carbon Border Adjustment Mechanism (CBAM) fees, could theoretically rise to more than 17 million tonnes through 2040, analysts have said, but limitations imposed by Brussels mean that, at least in the near term, buying is likely to be a fraction of that potential volume.
Read MoreEurope faces high bill if EU ETS price becomes too cheap, says European utility
Europe risks paying a far higher price in the long run if the cost of carbon emission allowances falls amid an imminent review of the EU Emissions Trading System (ETS), according to a European power company, which argues that weakening climate incentives could undermine both economic stability and energy security across the continent.
Read MoreGlobal carbon removal “governance gap” threatens climate goals, report warns
A new discussion paper has urged governments to rapidly establish a global governance framework for carbon removal (CDR), warning that the world is dangerously unprepared to manage the scale needed to meet climate targets.
Read MoreArticle 6 authority adopts new clean cooking fNRB tool, requests additional country-level values
The Article 6.4 Supervisory Body (SBM) has formally adopted a new tool for calculating the fraction of non-renewable biomass (fNRB), a key parameter underpinning baseline-setting in cookstove and biomass carbon activities, though has requested more granular country-level values be included following further work.
Read More