New framework seeks to raise bar for voluntary low-carbon fuel procurement
New guidance published on Tuesday by a carbon management advisory seeks to provide voluntary buyers of low-carbon fuels with a unified framework for assessing quality across a fragmented and rapidly evolving market.
Read MoreArticle 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
Read MoreJapanese EV slows, but automaker influence strong in emerging markets, analysis finds
Automotive industry associations in Brazil, Indonesia, and Colombia are adopting the messaging of major Japanese automakers on transport decarbonisation, advocating for the continued use of combustion-powered hybrid vehicles and alternative fuels over electric vehicles (EV), according to a think tank’s analysis.
Read MoreMyanmar cookstove developer defends first PACM carbon credits after calls for suspension
The developer of the first project to earn carbon credits under the UN’s Paris Agreement Crediting Mechanism (PACM) defended a controversial Myanmar cookstove programme, while acknowledging that conflict and security concerns in the Southeast Asian country forced independent auditors to rely on remote verification.
Read MoreChina’s thermal power output rises in May, wind momentum stalls
Power generated by China’s thermal power plants in May expanded 2.1% from a year ago, while momentum in the wind power sector slowed amid unfavourable wind conditions, according to government data released Tuesday.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreSB64: Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.Â
Read MoreAustralian Market Roundup: 1.7 mln ACCUs issued in May as forward trades push above A$38
The Clean Energy Regulator (CER) issued some 1.74 million Australian Carbon Credit Units (ACCUs) in May, according to its latest update, as forward purchases of units are more frequently breaking past the A$38 ($26.85) price ceiling in recent weeks.
Read MoreResponsible use of Article 6 lacking in key buyer, seller countries -analysis
At least four countries using the Paris Agreement’s Article 6 carbon markets mechanisms risk undermining, rather than strengthening, global climate action, according to an analysis published on Tuesday.
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