ICAO attempts to ward off criticism of CORSIA, urges member state cooperation
The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.
Read MoreEV sales in UK surge in June, but fall short of target needed for UK climate goals
New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.
Read MoreAustralian court cases to push back against govt gas approval
Upcoming court cases are challenging the Australian environment minister’s decision to approve the North West Shelf (NWS) gas facility’s exporting licence, and will argue he failed to consider the impacts of its emissions on native wildlife, among other issues.
Read MorePartial ecosystem collapse could increase sovereign debt payments by $162 bln/year -study
Under a partial ecosystem collapse scenario, biodiversity loss and deforestation decrease GDP and sovereign credit ratings across 23 countries, resulting in at least $162 billion per year in excess sovereign debt payments by 2030, according to a peer-reviewed study.
Read MoreSingapore, Indonesia sign carbon credit MoU, eye deal on Article 6 trade
Singapore and Indonesia have signed a memorandum of understanding on carbon credits, agreeing to identify projects and work towards an implementation agreement under Article 6 of the Paris Agreement.
Read MoreBRIEFING: Carbon credit co‑labels spark premiums as buyers continue to seek assurance
Carbon credit co‑labels have emerged as a “trust currency” in the voluntary carbon market (VCM), with market participants noting that they are shaping pricing tiers, buyer behaviour, and project design standards.
Read MoreEl Nino could add 17 mln tonnes to India’s emissions
A strengthening El Nino could add 17 million tonnes of carbon dioxide to India’s emissions just over the next year as extreme heat drives up demand for electricity and weaker wind and rainfall curb renewable power generation, according to an analysis.
Read MoreCDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
Read MoreMongolia passes first climate change law
Mongolia’s parliament has passed the country’s inaugural law on climate change, creating a legal framework to curb emissions, build climate resilience, and advance the carbon market.
Read MoreIndonesia’s flagship carbon project resumes issuance with 20 mln credits
Indonesia’s flagship project on avoided deforestation re‑entered the global carbon market with the verification of 20 million credits, one of the project managers said.
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