US rice methane project secures 1,000-credit purchase
A US rice methane reduction project sold 1,000 carbon credits to a climate-focused non-profit, the developer announced this week.
Read MoreCORSIA fails on EU’s two thresholds for keeping international flights out of ETS -analysts
The UN’s aviation offsetting scheme CORSIA does not meet the EU’s conditions for keeping its Emissions Trading System (ETS) exemption for international flights, according to an analysis of EU legislation and market conditions.
Read MoreWeak national enforcement threatens projected CORSIA carbon credit demand wave -report
As the aviation industry prepares for the next phase of the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in 2027, a new legal analysis has warned that the long-anticipated surge in global demand for carbon credits may fall far short of expectations due to weak national implementation and inconsistent enforcement.
Read MoreStudy urges corporates to define their own residual emissions, in absence of global consensus
Companies aiming for net zero should begin to classify their emissions from fastest and easiest to cut through to hardest-to-abate, in order to overcome the challenge of pinpointing the residual emissions that will need to be removed to hit the ‘net’, according to researchers.
Read MoreFragmented forests sequester less carbon, challenging forest pledges -study
Forest protection targets focused primarily on total forest area may overlook substantial carbon losses linked to fragmentation, according to new research analysing 17 million forest patches across the conterminous US.
Read MoreGold Standard clamps down on double counting of co-benefits, certified SDG contributions
Gold Standard launched a consultation on Tuesday, introducing a new voluntary reporting pathway for project developers which it said could reduce the risk of double counting co-benefit and certified contributions to the UN’s Sustainable Development Goals (SDGs).
Read MoreOregon reforestation project issues over half a million credits after verification
Project proponents announced the successful verification and issuance of more than 500,000 credits for Oregon-based reforestation on Tuesday.
Read MoreGlobal buildings decarbonisation “stalled” despite efficiency gains, UNEP says
The global buildings sector is now 3.5 billion tonnes of CO2 off the trajectory needed to meet international net zero targets, with decarbonisation momentum “stalled”, according to a United Nations report released on Tuesday.
Read MoreCompanies take a ‘wait and see’ approach to CDR buying until policy becomes clearer -report
Companies see carbon removal (CDR) as essential to reaching net zero but are waiting to see how policy and reporting rules materialise before they invest, according to a survey of senior executives across Fortune 1000+ companies.
Read MoreUS EPA submits final rule for review to repeal power plant emissions regulations
The US EPA submitted a rule for review to roll back its regulations on fossil fuel-powered energy sources, as part of the Trump administration’s efforts to support coal- and gas-burning electricity amid growing demand from data centres.
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