FEATURE: Canadian federal benchmark must mirror Alberta carbon pricing deal
Canada must tread lightly when updating its industrial carbon pricing act as Alberta’s new framework opens the programme to potential legal challenges, said experts.
Read MoreNew guide offers recommendations for agricultural biomass-based CDR sourcing
A new guide released on Thursday by a New York-based advisory firm set out criteria for buyers sourcing agricultural residues for biomass-based carbon removals (CDR), citing the need for safeguards around soil health, livelihoods, and credit integrity.
Read MoreCarbon project financier expects Vietnam LOA by year-end, sees airlines returning to CORSIA market after oil shock
A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.
Read More2027 likely to be hottest year on record, UN warns
The world is on course for record-breaking average temperatures in excess of the Paris Agreement’s goals over the next five years, and 2027 could be the hottest, a UN agency has warned.
Read MoreCalifornia urges court to dismiss US lawsuit over vehicle emissions standards
California regulator ARB asked a federal judge on Tuesday to toss a Trump administration-led lawsuit challenging the state’s vehicle emissions standards, arguing the contested rules no longer support the federal government’s claims of harm.
Read MoreFEATURE: How a legal mechanism used to obstruct climate policy is gaining strength
The rise in the number of cases brought by fossil fuel companies against governments, using Investor-State Dispute Settlement (ISDS), is stalling the energy transition and causing governments to hold back on more effective climate policy, despite growing awareness of the topic, say experts.
Read MoreGlobal investment in oil declines for third year amid shift to renewables, finds IEA
Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.
Read MoreFEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
Read MoreCarbon registry aims for faster CDR credit issuances with new scheduling tool
A carbon removal (CDR) registry launched on Thursday a tool seeking to centralise audit scheduling and shorten the time to issuance.
Read MoreCarbon royalties firm narrows VCM focus, sells remaining removal credit inventory
A Toronto-headquartered carbon and precious metals royalty and streaming company has sharply narrowed its focus on voluntary offset markets after pulling back from a large-scale regenerative agriculture programme, while continuing efforts to monetise forestry credits and advance a planned merger.
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