Global gas demand sees little impact from Middle East war, as LNG supply bounces back
Global gas demand will only slip marginally this year despite the US and Israel war with Iran, and the impact on LNG supply will be offset by the end of the year, according to the International Energy Agency (IEA).
Read MoreBrazil finalises delayed ITMOs regulation text -source
The Brazilian government has completed the text of a draft resolution setting out the procedures for Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, Carbon Pulse has learned.
Read MoreLATAM Roundup: CDM to PACM project approval deadline passes, Latin America in the lead
The deadline has passed for countries hosting Kyoto-era Clean Development Mechanism (CDM) projects to approve transition to the Paris Agreement Crediting Mechanism (PACM), with just one-quarter of eligible activities making the cut – and Latin America leading the charge.
Read MoreVCM REPORT: CORSIA edges back to $10/t ahead of EU assessment, analysts revise down demand outlook
Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission’s assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.
Read MoreICAO attempts to ward off criticism of CORSIA, urges member state cooperation
The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.
Read MoreINTERVIEW: Future uncertain for Indigenous Peoples as Peru pledges land rights recognition
The government of Peru’s recently announced pledge to improve Indigenous land recognition will only help people secure their territories in the Peruvian Amazon if this high-level statement drives official, long-lasting land demarcation, an Indigenous Kichwa leader told Carbon Pulse.
Read MoreEV sales in UK surge in June, but fall short of target needed for UK climate goals
New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.
Read MorePartial ecosystem collapse could increase sovereign debt payments by $162 bln/year -study
Under a partial ecosystem collapse scenario, biodiversity loss and deforestation decrease GDP and sovereign credit ratings across 23 countries, resulting in at least $162 billion per year in excess sovereign debt payments by 2030, according to a peer-reviewed study.
Read MoreBRIEFING: Carbon credit co‑labels spark premiums as buyers continue to seek assurance
Carbon credit co‑labels have emerged as a “trust currency” in the voluntary carbon market (VCM), with market participants noting that they are shaping pricing tiers, buyer behaviour, and project design standards.
Read MoreCDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
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