INTERVIEW: 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.
Read MoreElectric car revolution to accelerate in 2026 amid energy crisis, finds IEA
Electric car (EV) sales will surge this year as drivers respond to spiking petrol and diesel pump prices amid the energy crisis sparked by the war against Iran, finds the International Energy Agency (IEA). Â
Read MoreCORSIA fails on EU’s two thresholds for keeping international flights out of ETS -analysts
The UN’s aviation offsetting scheme CORSIA does not meet the EU’s conditions for keeping its Emissions Trading System (ETS) exemption for international flights, according to an analysis of EU legislation and market conditions.
Read MoreWeak national enforcement threatens projected CORSIA carbon credit demand wave -report
As the aviation industry prepares for the next phase of the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in 2027, a new legal analysis has warned that the long-anticipated surge in global demand for carbon credits may fall far short of expectations due to weak national implementation and inconsistent enforcement.
Read MoreStudy urges corporates to define their own residual emissions, in absence of global consensus
Companies aiming for net zero should begin to classify their emissions from fastest and easiest to cut through to hardest-to-abate, in order to overcome the challenge of pinpointing the residual emissions that will need to be removed to hit the ‘net’, according to researchers.
Read MoreGold Standard clamps down on double counting of co-benefits, certified SDG contributions
Gold Standard launched a consultation on Tuesday, introducing a new voluntary reporting pathway for project developers which it said could reduce the risk of double counting co-benefit and certified contributions to the UN’s Sustainable Development Goals (SDGs).
Read MoreAustralia Market Roundup: April ACCU issuances fall from March highs, vegetation still dominates
Australian carbon market issuances fell in April, but were still second highest this year after March, with vegetation and waste projects accounting for large shares of the total.
Read MoreAsian emissions to peak in 2030 as China declines offset India growth -report
Asia’s carbon emissions will peak two years earlier than previously expected, in 2030 rather than 2032, even as fossil fuels are to remain deeply embedded in the region’s energy mix through the next decade, according to a report.
Read MoreGlobal buildings decarbonisation “stalled” despite efficiency gains, UNEP says
The global buildings sector is now 3.5 billion tonnes of CO2 off the trajectory needed to meet international net zero targets, with decarbonisation momentum “stalled”, according to a United Nations report released on Tuesday.
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