INTERVIEW: Clarity on role of carbon market for Australia’s long-term goals needed, says industry body CEO
Upcoming reviews of Australia’s Safeguard Mechanism and the Australian Carbon Credit Unit (ACCU) Scheme need to ensure that their role in achieving the country’s long-term climate goals is clear, said the CEO of the Carbon Market Institute (CMI).
Read MoreINTERVIEW: ICVCM chief sees short-term pain, long-term gain from shift to CCP-aligned methodologies
Project developers in developing countries face short-term economic strain as carbon credit methodologies are brought into line with the Core Carbon Principles (CCP), but the move is already yielding higher prices and renewed buyer confidence, said Amy Merrill, CEO of the Integrity Council for the Voluntary Carbon Market (ICVCM).
Read MoreUPDATE – UN adopts ICJ opinion on legal duty to cut emissions
The UN General Assembly voted on Wednesday to approve a resolution to endorsing the International Court of Justice (ICJ) advisory opinion on climate change issued in 2025, which found that states have a legal obligation to cut GHG emissions.
Read MoreCompanies delaying carbon removal purchases amid policy uncertainty -survey
Demand for carbon removal (CDR) may be stalling, despite rising corporate net zero commitments and growing recognition that they will be needed later this century for wider global climate goals, a new policy brief based on interviews with corporate sustainability leaders has found.
Read MoreANALYSIS: EU opening for Article 6 in CBAM sends “positive signal” for credit demand, but puts climate credibility at risk
Allowing EU importers to deduct international carbon credits from their Carbon Border Adjustment Mechanism (CBAM) fees is an endorsement of the UN’s Article 6 carbon markets – but some worry it may come at the expense of the mechanism’s climate integrity.Â
Read MoreWorld is turning to solar after energy shocks, still chance to limit warming to 2C -analysts
Solar will become the world’s largest generator of electricity by 2032 amid a rush to energy self-sufficiency, and there is still a chance to limit global warming to 2C by century-end if countries become “serious” about net zero goals, according to a new report.
Read MoreTurkiye throws focus on electrification, clean energy ahead of COP31
Turkiye’s incoming COP31 presidency is calling to speed up electrification around the world, arguing that the energy crisis underscores the importance of renewable energy, as well as diversification of sources.
Read MoreAustralian govt taps forestry company to lead ACCU method remake
Forestry company Midway has been asked to lead the remake of the reforestation and afforestation methodology for the Australian Carbon Credit Unit (ACCU) Scheme, Assistant Minister for Climate Change and Energy Josh Wilson announced on Wednesday.
Read MoreINTERVIEW: New ITMO registry seeks at least 100 mln CDM carbon credits, 5 mln transfers across May
More than 5 million credits from the Clean Development Mechanism (CDM) are expected to sign up to a new carbon registry this month that hopes to attract up 800 million of the UN registry’s units before they face oblivion at the end of the year.
Read MoreCarbon pricing coverage nears a third of global emissions, World Bank says
Carbon pricing now covers nearly 30% of greenhouse gas emissions globally, with government revenues from carbon taxes and emissions trading systems (ETSs) topping $107 billion in 2025, according to a World Bank report published on Tuesday.
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