ICAO states, aviation industry battle over stringency of CORSIA baseline
Countries from the Global North and South are diverging on the stringency of the post-2023 emissions baseline for the CORSIA global aviation offset mechanism, as UN body ICAO’s Council puts forth a compromise ahead of a decision next month.
Read MoreSwitzerland signs bilateral carbon deals with Morocco, Malawi, and Uruguay
The Swiss executive governing body has approved three bilateral agreements with Morocco, Malawi, and Uruguay, creating the framework conditions for the country to trade international carbon emissions reductions units to count towards Paris Agreement climate goals.
Read MoreFEATURE: Transition risks grow as climate lawsuits against governments accelerate
A record number of lawsuits against government climate action were filed last year, building pressure to bolster ambition and a move by vulnerable states to involve the International Court of Justice.
Read MoreLoose SDG claims could leave offset buyers duped, warns report
A lack of standardisation in framing Sustainable Development Goals (SDG) could leave buyers of offsets duped over the social, environment and economic benefits of a project in the voluntary carbon market (VCM), according to a report published on Thursday.
Read MoreGovernments to gather at COP27 to steer forest funding via new partnership
Moves are underway to cement a collective pledge by 141 countries to arrest and reverse deforestation by 2030 into a cohesive partnership at November’s COP27 UN climate conference in Sharm el-Sheikh that includes cooperation on carbon markets.
Read MoreClean hydrogen project pipeline rising but investment needs to triple by 2030 for net zero alignment -report
The number of global hydrogen projects in the pipeline has reached a new high of 680, reflecting investment of $240 billion, but investment proposals will need to reach to $700 bln by 2030 if low carbon hydrogen is to align with a net zero emissions by 2050 pathway, an industry report has said.
Read MoreUS banks threaten to quit Carney climate finance group over legal risks
A number of large US investment banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over legal fears, putting in jeopardy the future of the coalition of institutions formed last year by UN climate envoy and former central bank head Mark Carney to help fight climate change.
Read MoreVCM analytics firm signs deals with brokers to boost customer offering
A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.
Read MoreDanish startup unveils data-driven model for fast-tracking voluntary carbon credit issuances
A Danish startup this week unveiled a data-driven model to significantly fast-track voluntary carbon credit issuances.
Read MoreAirline leasing firm invests in offsets to help clients meet climate obligations
The world’s second largest aircraft leasing firm will start offering its airline customers carbon credits in its leasing contracts and plans an initial $53.3 million investment to source carbon credits from cookstove projects.
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