Thirteen global airlines commit to 2050 net zero emissions
The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.
Read MoreINTERVIEW: Financial sector will help unfog voluntary carbon market’s “murkiness”, say offset standards
Concerns remain around the “murkiness” of the global voluntary carbon trade, but two of the main offset certifiers keeping the market running are confident that a new era of increased participation and scrutiny, including by the financial sector, will bring much-needed transparency and investor confidence.
Read MoreNew private sector taskforce seeks massive scale-up for voluntary carbon market
Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.
Read MoreCORSIA impacts weighing on otherwise resilient voluntary offset prices -developer
Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.
Read MoreCBL Markets introduces CORSIA-aligned global offset product
Trading platform CBL Markets announced a new offset product on Thursday based on the parameters of carbon credits approved for use under the international aviation trading mechanism CORSIA.
Read MoreCORSIA offset demand could plunge by two-thirds if baseline change extends through 2035 -analysis
Carbon credit demand under the global aviation offset mechanism CORSIA may plummet if nations agree to extend this year’s emissions baseline alteration over the entirety of the programme’s 15-year lifespan, analysts said.
Read MoreNew jurisdictional REDD standard may generate offsets in 2021
The Architecture for REDD+ Transactions (ART) programme’s new standard for combating tropical deforestation may start yielding carbon credits as soon as next year, depending on the status of negotiations with potential partner governments, a webinar heard Wednesday.
Read MoreWest African nations launch consultations for joint carbon pricing system
Eight West African countries took part last week in the first of a series of consultations to establish a subregional carbon pricing instrument, the coordinator of the West African Alliance said Tuesday.
Read MoreGCF approves massive EBRD project to green industries in seven countries
The Green Climate Fund (GCF) on Friday approved a $250 million loan to an EBRD-sponsored project to spur climate action in heavy industry across seven developing nations, a sum equivalent to around 10% of the UN climate finance initiative’s annual budget.
Read MoreParis-compliant CO2 price could impact third of global mines -analysis
Implementing a carbon price in line with the global temperature limits of the Paris Agreement could expose nearly a third of mines worldwide to higher costs, with gold mining operations in South Africa seen bearing some of the greatest impacts, analysis released Thursday showed.
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