California bill to protect carbon neutral claims tied to carbon credits fails to advance
A proposal to make it harder to sue companies over some “carbon neutral” claims based on voluntary carbon credits was effectively blocked in the California Assembly on Thursday.
Read MoreCanadian carbon developer narrows net loss in Q1 as CORSIA sales begin
A Canada-based carbon project financier reported a Q1 net loss on Friday that was lower from the previous three-month period while also disclosing first-quarter sales of CORSIA-eligible cookstove credits.
Read MoreCarbon accounting should track warming impacts over time to support emissions claims, industry researchers say
Companies using super pollutant abatement and carbon removal (CDR) to compensate for emissions should account for their warming impact over time, rather than rely on a single global warming potential horizon, according to a new preprint from researchers in the tech and CDR sectors.
Read MoreCDR MONTHLY: Over 1 mln CDR tonnes contracted in April as removals registry records best month on record
April saw around 1.14 million tonnes of durable carbon removals (CDR) contracted, with deals that saw JPMorgan Chase and Boeing add to their existing portfolios, while a registry focused solely on CDR saw record monthly issuances and retirements.
Read MoreOil majors ask SCOTUS to reject state-law climate claims against fossil fuel producers
State-law claims seeking damages from fossil fuel producers over local climate harms would allow courts across the US to set conflicting national climate policy, oil companies argued in a Thursday brief to the US Supreme Court (SCOTUS).
Read MoreInvestment in carbon credits hits record high as buyers shift focus -analysts
Early-stage capital invested in the carbon credit market reached a record $22 billion last year as more buyers sought to lock in price and quality, according to an analyst group.
Read MoreBRIEFING: Wave of national nature credit plans opens dilemma over need for global market
Governments worldwide are joining the race to set up national or regional nature markets, though observers are divided over whether these efforts should remain local or evolve into a global trading system.
Read MoreJapanese energy company boosts CDR portfolio with investment in wastewater alkalinity enhancement startup
The venture capital arm of a major oil refiner in Japan has decided to invest in a US-based startup dedicated to wastewater alkalinity enhancement (WAE) solutions, marking its latest push into the carbon removal market.
Read MoreUK reportedly halves Green Climate Fund contribution amid aid spending cuts
The UK has reportedly slashed its contribution to the UN’s flagship climate finance vehicle by more than £800 million, in a move likely to deepen concerns among developing nations that wealthy countries are retreating from commitments to support the global energy transition and climate adaptation efforts.
Read MoreCDR markets must move beyond voluntary offsets, with govts, supply chains seen driving new demand -think tank
Carbon removal markets will need to expand far beyond today’s voluntary offset model if the sector is to scale to the levels required to meet global climate targets, a think tank has warned, pointing to governments and supply chains as potential new demand drivers as concerns grow over the market’s reliance on big tech buyers.
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