Airline demand trails growth in CORSIA carbon credit supply, new analysis finds
New analysis has revealed a widening imbalance between the supply of carbon credits eligible under the aviation industry’s CORSIA offsetting scheme and still-limited airline demand.
Read MoreAustralian agency announces shortlist for new round of hydrogen funding
The Australian Renewable Energy Agency (ARENA) on Wednesday announced the shortlisted projects for the second round of funding under the Hydrogen Headstart programme.
Read MoreFEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
Read MoreAustralia budget sends mixed signals on energy transition with fossil fuel, green tech backing
Australia’s latest federal budget sent mixed signals on the energy transition on Tuesday, coupling billions of dollars in fossil fuel support with backing for green technology.
Read MoreNew ITMO registry for Article 6 trade seeks to mop up CDM carbon credits
A carbon platform has launched a specific ITMO registry ahead of the closure of the UN’s Clean Development Mechanism (CDM), while also claiming voluntary players will have the “lowest cost” for trading credits that have been granted approval for Article 6 trade under the Paris Agreement.
Read MoreNZ govt slammed over move to ban climate tort claims
Planned amendments to New Zealand’s core climate change law to limit tort claims arising from climate impacts has been criticised, with one legal observer telling Carbon Pulse it marks an “egregious departure” from government norms.
Read MoreMultilateral facility supported ITMO generation potentially worth over $500 mln in 2025
A South Korea-based multilateral climate finance facility last year supported mitigation programmes that could generate over $500 million in Internationally Transferred Mitigation Outcomes (ITMOs), also hitting other milestones, according to its annual report.
Read MoreBRIEFING: COP30 presidency advances on roadmap to halt deforestation, seeks global contributions
The Brazilian COP30 presidency is pushing forward with the development of a roadmap to halt and reverse deforestation and forest degradation by 2030, with the first consultations starting in New York on Monday on the margins of the 21st Session of the UN Forum on Forests (UNFF21).
Read MoreVCM REPORT: Mangrove carbon credits surge to record high
High-rated mangrove restoration credits surged to record highs last week amid an uptick in demand for quality nature-based units, while the Integrity Council for the Voluntary Carbon Market (ICVCM) said another standard body and another methodology met its Core Carbon Principles (CCP) bar.
Read MoreForest goals progress insufficient as 2030 deadline nears -UN report
Global progress on forest conservation remains uneven, with continued tree cover loss and financing gaps threatening efforts to meet 2030 goals, a UN assessment said.
Read More