Hurdles in applying corresponding adjustments to carbon credits may undermine CORSIA -report
The effectiveness of the CORSIA international aviation offsetting scheme could be limited by implementation challenges such as the structural barriers in applying corresponding adjustments under Article 6 of the Paris Agreement, according to a report released over the weekend.
Read MoreLDC expands carbon project portfolio in decarbonisation push
Commodity merchant Louis Dreyfus Company (LDC) has broadened its carbon project portfolio as part of a growing push to decarbonise its operations and supply chains, according to its 2024 Integrated Report.
Read MoreICAO estimates 100-150 mln carbon credits needed for CORSIA Phase 1
UN aviation agency ICAO has calculated that CORSIA offsetting requirements for 2024-26 emissions will reach between 100-150 million tonnes, while the total for the 2024-35 period could hit as high as 1.5 bln tonnes.
Read MoreINTERVIEW: New CORSIA carbon credit supply imminent but insurance sector must rally to scale market
The insurance sector must pull together to help the burgeoning CORSIA carbon market scale, a senior member of the World Bank’s MIGA insurance arm told Carbon Pulse, in the wake of a guarantee agreement with a clean cooking project developer that will see fresh supply imminently made available to buyers.
Read MoreStates have legal options to reduce aviation emissions despite US federal challenges -report
States considering regulations to lower aviation emissions, including sustainable aviation fuel (SAF) mandates, can minimise legal risks of federal preemption by carefully structuring policies, according to a new report examining viable state-level strategies.
Read MoreWorld Bank insurance agency issues $180 mln guarantee to carbon project developer against political risk
The World Bank’s insurance agency has issued a $179.6 million guarantee to a clean cooking carbon project developer covering political risk affecting its credits such as expropriation, international transfer restrictions, and breach of contract.
Read MoreVCM Report: Prices drift lower, but market buoyed by signs of sovereign support
Prices generally drifted lower as buying appetite continued to favour the cheap end of the market, but national support for voluntary carbon buoyed sentiment.
Read MoreJapanese firms partner on CORSIA-compliant wood-based sustainable aviation fuel
Four Japanese firms along with Airbus have partnered to develop wood-biomass based sustainable aviation fuel (SAF) that will also be CORSIA compliant, the companies announced Monday.
Read MoreINTERVIEW: US values clean energy for diversification and security, unlikely to completely scrap IRA
For all its anti-climate rhetoric, the US government does value the diversification and supply security benefits of clean energy, and views most Inflation Reduction Act (IRA) credits as a way to kickstart an industry, according to the CEO of a Danish fuel producer.
Read MoreSpanish airline partners with Google-backed DAC startup to explore CDR projects
A Spanish air carrier announced Thursday it has signed a two-year agreement with a Google-backed direct air capture (DAC) startup to explore carbon credits projects.
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