Massachusetts GWSA emissions up 6% in Q1
Q1 electricity sector emissions reported under Massachusetts’s Global Warming Solutions Act (GWSA) carbon market rose 6% year-on-year (YoY) in Q1, recently updated data showed.
Read MoreFEATURE: Data centre developers unlikely to back CDR without stronger market pull
Data centre developers are unlikely to integrate carbon removal (CDR) into projects at scale unless hyperscale tenants, policy incentives, and long-term offtake agreements make it part of the commercial structure, according to legal and industry experts.
Read MoreArticle 6 authority approves N2O carbon methodology
The UN body overseeing implementation of the Paris Agreement Crediting Mechanism (PACM) has approved a new methodology to reduce N2O emissions from nitric acid production.
Read MoreUPDATE – Canada softens industrial carbon price trajectory, caps benchmark at C$100 through 2029
Canada’s federal government has announced a revised long-term industrial carbon pricing trajectory extending through 2040, with the headline carbon price rising from the current C$95/tonne to C$130 ($94.36) by 2035, before increasing annually by 1.5% until reaching C$140 in 2040.
Read MoreClimate finance continued to grow in 2024, mostly going to emission reductions -OECD
Developed countries increased their public and private finance for climate action for a third year in a row in 2024, with nearly two-thirds directed to emission reduction efforts, according to the OECD’s annual assessment, published Thursday.
Read MoreForestry is a high-potential launchpad for biodiversity credits -report
The forestry sector is well positioned to support biodiversity credit markets on the supply and demand sides, according to a report.
Read MoreCORSIA could run short of eligible offsets by 2028 under higher emissions scenarios -analysis
The aviation sector’s international carbon offsetting scheme could face a shortage of eligible credits by 2028 under medium- and high-emissions scenarios, according to analysts, even though only a small portion of expected demand is currently covered by explicit non-compliance penalties.Â
Read MoreWorld Bank toolkit urges countries to draw on existing standards in voluntary carbon market rules
Developing countries should build clear domestic rules for carbon crediting while relying where possible on established international standards and infrastructure to avoid slowing market access, the World Bank said in a legal guide published this week.
Read MoreSBTi shifts focus to implementation in new strategy to help corporates to net zero
The Science Based Targets initiative (SBTi) has unveiled a new 2026-30 strategy that will see it pivot from a generalised approach to more tailored support across sectors and geographies for corporates aiming to reach net zero, with a direct reference in the plan to the possible use of ‘high-integrity’ carbon credits as a “complement” for emission reductions.
Read MoreEarly shift from coal-based steel could halve future decarbonisation costs, study says
Redirecting planned coal-based steel investment before 2030 could avoid emissions at around half the cost of cutting the same amount of CO2 later through other sectors or carbon removals (CDR), according to a study released Thursday.
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