SCOTUS seeks input from US federal official on merit of fossil fuel lawsuits
The US Supreme Court is asking the Solicitor General to comment on a challenge from Alabama and 18 other conservative states trying to quash Democrat-led states’ lawsuits against oil and gas producers, according to a request made on Monday.
Read MoreBRIEFING: Article 6 needs streamlining and specifics, fewer constraints, says carbon industry
UN negotiators should facilitate private sector involvement in Article 6 through measures designed to streamline deal-making, authorisation, and transaction, but should not over-emphasise central infrastructure or interpret the Paris Agreement to preclude REDD projects, according to a carbon trading industry body.
Read MoreVCM MONTHLY DATA: Shell leads retirees in September as issuances soar to three-year high
Issuances in the voluntary carbon market (VCM) soared to their highest level in September for three years, while oil major Shell was the largest retiree of credits, according to new analysis of registry data from Carbon Pulse.
Read MoreVCM Report: Resurfacing fraud charges undermine confidence, thin liquidity continues
The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company’s ex-COO and a former managing director, Tridip Goswami, among others.
Read MorePREVIEW: COP16 ‘temperature check’ for world’s pledges on nature
Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call “a temperature check” for the world’s pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).
Read MoreLATAM Roundup: Global industry bets on Brazilian green hydrogen
Heavy industry on both sides of the Atlantic pinned decarbonisation hopes on clean Brazilian electricity, Peru promised voluntary carbon market (VCM) expansion, and Argentina’s VCM progressed in two sectors in the week ending Oct. 6.
Read MoreArticle 6 body adopts sustainable development tool
The body mandated to shape the UN’s Article 6.4 carbon crediting mechanism has adopted a sustainable development tool, as it also scrambles to ready guidance ahead of COP29 next month.
Read MoreINTERVIEW: ‘A tonne is not a tonne’ – Changing the approach to voluntary carbon crediting could unlock much-needed scale
In order to scale, the voluntary carbon sector must shift its approach, adopt a more conservative stance to crediting, and move past the “the myth of fungibility”, a senior executive at Amazon told Carbon Pulse.
Read MoreNew one-stop solution created for airlines to buy CORSIA, voluntary carbon credits
Two companies have teamed up to offer airlines a one-stop solution for climate action via a portfolio of voluntary credits that includes those eligible for the UN’s international aviation offsetting scheme.
Read MoreOregon lays out proposed CFP rules in alignment with California’s LCFS
Oregon released draft rules to update their Clean Fuels Program (OCFP) after market close Friday, following in the footsteps of California’s near midnight Eastern publication earlier in the week of their Low Carbon Fuel Standard (LCFS) rulemaking changes.
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