South Korean developer secures $5.6 mln contract for CORSIA-eligible credits
A South Korean trader and project developer has signed a contract with a Singapore-based marketplace for carbon credit procurement worth KRW 8.38 billion ($5.59 million).
Read MoreGlobal investment in oil declines for third year amid shift to renewables, finds IEA
Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.
Read MoreFEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
Read MoreSK Market: KAUs hit three-year high, recover to KRW 20,000 mark as demand surges
South Korea’s carbon permit prices have climbed back to the KRW 20,000 ($13.30) level for the first time in three and a half years, driven by surging demand and leading analysts to upwardly revise their market forecasts.
Read MoreIETA urges India to speed up Article 6 deals, widen eligibility
Carbon market group IETA has urged India to move faster on Article 6 agreements and broaden the scope of eligible projects, warning the country risks missing out on billions of dollars in climate finance if implementation remains slow.
Read MoreCarbon registry aims for faster CDR credit issuances with new scheduling tool
A carbon removal (CDR) registry launched on Thursday a tool seeking to centralise audit scheduling and shorten the time to issuance.
Read MoreAustralia registers second nature project, twinned with carbon
The second project under Australia’s Nature Repair Market (NRM) has been registered, combined with a carbon credit project.
Read MoreCountries can curve plastic pollution without a global treaty -report
International cooperation can achieve significant reductions in plastic production and its emissions despite the absence of a legally binding global treaty, according to a report.
Read MoreSIDS look to Bonn talks to shape new 1.5C tools around project delivery
Small island developing states (SIDS) are pushing for two emerging 1.5C implementation tools to become practical routes for faster finance and project delivery, as negotiators look to shape the initiatives ahead of the SB64 talks in Bonn, Germany.
Read MorePCF26: Peru plans frenzy of registry, Article 6 announcements by June -official
Peru will by June accredit new standards to its national RENAMI carbon registry and approve over a dozen Article 6 projects, just on the heels of its recent authorisation of a flagship clean cooking project under Article 6.2, according to a senior official.
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