FEATURE: UK set to miss 2030 green jet fuel goals by half, increasing airline carbon exposure
The UK could miss its production goal of 10% sustainable aviation fuel (SAF) in total jet fuel use by 2030 by almost half, according to industry experts, with potential implications for airline exposure to carbon prices under the UK ETS and the UN’s CORSIA international offsetting scheme.
Read MoreBRIEFING: Experts confident of strong CORSIA supply and demand, including from US
Carbon market participants are confident that there will be both strong supply and demand for CORSIA credits, including from US airlines, despite political developments this year that have cast uncertainty over international climate initiatives.
Read MoreAnalysts expect record voluntary carbon credit retirements in 2025, excluding CORSIA demand boost
A carbon analytics firm has said it expects nearly 200 million tonnes CO2 in voluntary carbon market (VCM) retirements in 2025, with the possibility of substantially more if demand from the UN’s CORSIA international aviation offsetting scheme materialises.
Read MoreBrussels sets out draft EU ETS financing rules for green jet fuels
The European Commission adopted a draft regulation on Thursday to calculate the annual price difference between sustainable aviation fuels (SAF) and fossil kerosene, so that airlines can obtain funding support from the EU’s Emissions Trading Scheme (EU ETS).
Read MoreCORSIA Phase 2 eligibility for standards to become more stringent -TAB member
The eligibility criteria for Phase 2 of UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) are set to become more stringent for international carbon standards, a member of the Technical Advisory Body (TAB) told Carbon Pulse.
Read MoreUN SBSTA vice-chair moves to commodities trading firm
The former vice-chair of the UN’s Subsidiary Body for Scientific and Technological Advice (SBSTA) has moved to a new role at financial services provider and commodities trader.
Read MoreCarbon crediting, regulatory support can boost LATAM aviation decarbonisation amid SAF shortage -report
Increasing homegrown carbon credit supply and instituting comprehensive regulatory frameworks can help airlines in Latin American and the Caribbean meet compliance requirements under the UN’s CORSIA aviation offsetting scheme amid a shortage of sustainable aviation fuel (SAF), according to a report published last week.
Read MoreBRIEFING: Could CORSIA be the next Trump target, and what would a US exit mean?
The US’ involvement in the UN’s CORSIA aviation offsetting scheme could soon be on the new Trump administration’s radar – if it’s not already – after the CEO of a major logistics firm said he expects the country to exit the programme. But what would that look like and how are other major countries likely to respond?
Read MoreVCM Report: Credits from African soil carbon project hang in balance to further knock market confidence
Confidence in the integrity of the voluntary carbon market took another blow last week after a court ruling threatened to invalidate credits from the world’s largest soil carbon project, amid continued low prices across the sector.
Read MoreLATAM Roundup: Ecuador, Peru boost access to international markets
Both Ecuador and Peru announced measures last week that could facilitate access to international carbon markets – specifically, Article 6 and the CORSIA UN international aviation offsetting scheme.
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