INTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreSB64: Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.Â
Read MoreMiddle East conflict gives Southeast Asia energy a wake-up call, says IEA
Southeast Asia’s energy system has been exposed as structurally vulnerable due to its reliance on imported fuels, a study said, as the Middle East conflict drives up costs and forces governments to put energy security at the centre of future policy.
Read MoreRGGI Market: RGAs hover above $40, market awaits new entrants and affordability measures
RGGI Allowance (RGA) futures largely settled above the $40 mark during the last week according to data on ICE, as traders expect relative price stagnancy in the absence of expected market interventions from Virginia’s re-entry and affordability measures signalled by the administrator.
Read MoreLouisiana biofuels project cancelled given slow uptake of low-carbon marine fuels
A US-based developer cancelled a biofuels project planned in central Louisiana, citing uncertainty in financing, regulatory, and carbon capture aspects of the projects, along with a “slower-than-expected market adoption” of sustainable marine fuels.
Read MoreSB64: Developing countries unite in pushback on unilateral trade measures
A wide range of developing country negotiating blocs – from middle-income and fossil fuel-rich, to the poorest and smallest – voiced concerns and opposition to unilateral trade measures, like border carbon fees, in one of the UN’s first dialogues on climate-related trade issues.Â
Read MoreNodal launches new CORSIA, future and options contracts
Nodal Exchange launched several new environmental futures and options contracts, including for CORSIA.
Read MoreSB64: Santa Marta can help overcome fossil fuel transition “deadlock”, Colombian official says
The landmark Santa Marta process on transitioning away from fossil fuels can help overcome the “deadlock” in UNFCCC talks, a Colombian official said during mid-year talks in Bonn on Monday.
Read MoreVCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
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