VCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreSB64: BRIEFING – Plans for COP30 presidency’s twin roadmaps spark divergent reactions
The Brazilian COP30 presidency’s deforestation roadmap, presented in an early form on Monday, has been well received by a coalition of the willing, while the endeavour to draft a fossil fuel transition plan has sparked some backlash, Carbon Pulse heard in Bonn.
Read MorePairing US carbon tax with tariffs would double emissions reductions, increase GDP -report
Academic economics researchers published a working paper illustrating the impacts of carbon tariffs and domestic taxes, creating a model that disproves the trade-off between global emissions reductions and US GDP.
Read MoreRGGI Market: RGAs fall below $40 following Q2 auction, states’ intention to begin affordability process
RGGI Allowance (RGA) futures dropped below the $40 mark on Monday following Friday’s plunge after the release of Q2 auction results at the lower end of expectations and participating states saying they intend to begin a processing to consider “targeted measures” to address affordability.
Read MoreSB64: BRIEFING – Parties sidestep conflict as implementation concerns prevail
Day one of the Bonn intersessional (SB64) UN climate summit saw parties avoid major disputes over the agenda and resist the urge to reopen old negotiations, refocusing on implementation – though the COP31 co-presidents appeared to skate around transition away from fossil fuels.
Read MoreClimate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
Read MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Read MoreCarbon insurance market set for explosive growth, finds report
Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.
Read MoreFEATURE: Dimming the sun could soon be a topic for COP, but experts urge caution amid “rogue implementation” risks
Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement’s 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say.
Read MoreVCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
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