Real CORSIA demand could be 38% lower than theoretical obligation, analysts say
The demand for Eligible Emissions Units (EEUs) under the UN’s CORSIA aviation offsetting scheme could be far below the 198 mln EEUs due to be retired by Jan. 2028, largely because of limited enforcement – while uncertain supply thins liquidity in the market, according to an analysis published Thursday.
Read MoreWorld Bank updates green bond framework, project eligibility list
The International Finance Corporation (IFC), the private-sector branch of the World Bank Group, has updated its Green Bond Framework to expand the range of projects eligible for financing.
Read MoreTNFD opens consultation on refining nature risk assessment guidance
The Taskforce on Nature-related Financial Disclosures (TNFD) has opened a public consultation on proposed updates to its guidance for assessing nature-related risks, aiming to improve how companies translate nature dependencies and impacts into financially material risks.
Read MoreRenewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA
The cost advantage of renewable energy over fossil fuels continues to widen – helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions – turning clean energy into a “geopolitical shock absorber” during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.
Read MoreEcosystem function depends on complex species interactions, especially predator roles -study
Healthy ecosystems rely less on the number of species they contain and more on how those species interact, particularly the presence of predators, according to a new research published in Nature on Thursday.
Read MoreINTERVIEW: New standard targets Global South developers with no upfront fees
A Bengaluru-based carbon registry and standard startup is looking to claw market share from established voluntary carbon standards by eliminating upfront costs for developers and targeting under-capitalised projects across the Global South.
Read MoreDATA DIVE: Brazil leads the way in CDM transitional approvals, as one-quarter of eligible activities meet June deadline
Brazil has approved nearly all of its eligible Clean Development Mechanism (CDM) activities to transition to Paris-era carbon crediting, far more than any other country, as around 25% of all potential projects that could have moved to the new system secured government approval in time.
Read MoreFirst PACM carbon credits still face quality risks despite tougher accounting rules, says rating agency
The first carbon credits approved for issuance under the Paris Agreement Crediting Mechanism (PACM) show that the UN’s new system is improving the quality of legacy Clean Development Mechanism (CDM) projects through more conservative carbon accounting, but significant project-level risks remain, according to a new analysis.
Read MoreTripling global nuclear capacity by 2050 will require major investment and policy overhaul, says OECD
Tripling global nuclear power capacity by 2050 will require a dramatic expansion of financing, skilled workers, manufacturing capacity, and government support, according to a new report published by the OECD’s specialist nuclear energy agency (NEA).
Read MoreSouth Korea’s carbon prices trail OECD peers despite extensive policy framework
South Korea’s effective carbon rates remain low compared to its OECD peers, despite the implementation of broad policy instruments, according to a new report.
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