Standard body CAR proposes permanence rules update to 40 years
US-based standard body Climate Action Reserve (CAR) is seeking feedback on a proposed update to set a standard permanence commitment period of 40 years.
Read MoreEXCLUSIVE: Coalition launches new common language, framework for managing permanence in carbon markets
Researchers, environmental organisations, and carbon market experts are urging the industry to look beyond traditional buffer pools and adopt a wider range of tools to ensure the long-term durability of nature-based carbon credits – using a new “unified framework”.
Read MoreSB64: COP31 Presidency unveils global electrification target to accelerate clean energy transition
The incoming presidency of COP31 has proposed a global target to increase the share of energy demand met by electricity to 35% by 2035, positioning electrification as a cornerstone of efforts to reduce emissions and accelerate the transition away from fossil fuels.
Read MoreJapanese corporate seeks partners to develop direct ocean carbon capture tech
A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.
Read MoreSB64: Adaptation Fund enters Paris era with “dire” financial needs, PACM funds still pending
Negotiators at the SB64 climate summit in Bonn are transitioning the Kyoto-era Adaptation Fund (AF) to Paris, with UN carbon markets historically contributing large sums to the fund – but financing from the Paris Agreement Crediting Mechanism (PACM) is still on standby.
Read MoreSB64: Article 6.2 TERs are in their lane, but PACM could add clarity, says UN
The UN’s Technical Expert Reviews (TERs) of Article 6.2 initial reports are fully within bounds, and are not erroneously applying Paris Agreement Crediting Mechanism (PACM) norms, a senior member of the UNFCCC has said.
Read MoreINTERVIEW: Scientist optimistic restoration will outpace deforestation in next 30 years
Global data shows early signs that ecosystem restoration rates could exceed those of deforestation, according to the founding chair of the UN Decade on Ecosystem Restoration, who is optimistic this milestone could be reached within 30 years.
Read MoreClimate groups pitch carbon CfD model to strengthen Australia’s industrial emissions cuts
Three climate groups have proposed a financial mechanism to support industrial emissions cuts under Australia’s Safeguard Mechanism, citing it could provide the price certainty needed to unlock capital for large‑scale abatement projects.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreUS platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
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