ICE 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 MoreNorwegian developer completes large modular carbon capture plant
A Norway-headquartered carbon project developer has completed the commissioning of a 100,000-tonne-per-year modular carbon capture plant at a waste-to-energy facility in the Netherlands, the company said Thursday.
Read MoreDRC to create huge tropical forest reserve, generate carbon credits
The Democratic Republic of Congo (DRC) will create a protected area the size of France to protect its tropical rainforest, the country announced in Davos Wednesday, which will include raising finance via carbon markets.
Read MoreCredit institutions ready for Danish carbon tax on agriculture, central bank says
Danish credit institutions are well-equipped to manage losses arising from the implementation of the country’s new carbon tax on agriculture, according to a report from the country’s central bank.
Read MoreVerra releases CORSIA carbon credit label guidance
Voluntary carbon standard Verra has released a guidance document that provides instructions for how project developers can request labels for credits eligible under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
Read MoreDigital verification company expands into ARR carbon projects
A carbon project verification company has announced its expansion to cover afforestation, reforestation, and revegetation (ARR) activities, it said Tuesday.
Read MoreNew REDD carbon methodology to result in “substantial” reductions in credit issuance -ratings agency
The new consolidated REDD methodology developed by voluntary carbon standard Verra will result in a large reduction in credit supply, compared to its previous programmes, according to analysis published Monday by a project ratings agency.
Read MoreCarbon removal initiative sees offtake purchases jump 68% in 2024
A carbon removals buyers’ club saw its total offtake commitments jump to a record $279 million, up from $166 mln in 2023, it said in an annual statement last week.
Read MoreVerra issues formal response to critical report of carbon crediting practices
Voluntary carbon standard Verra has issued a detailed response to a critical analysis of its crediting practices, published over the summer by a project rating agency, acknowledging “valuable suggestions” while also defending many of its approaches.
Read MoreGabon launches sovereign carbon initiative with $17/t “contribution”, CORSIA-linked offsetting provisions
Forest-rich Gabon has launched a sovereign carbon initiative that will require air travel and shipping operators to pay a $17-per-tonne emissions “contribution” to cover some of their climate impact from journeys to and from the African country, as well as provisions linked to offsetting using CORSIA-eligible credits.
Read More