INTERVIEW: Aviation sector needs to look at ways to cut carbon now, while waiting for emissions-free planes to launch
Hydrogen fuel cell planes may not hit the market until the late 2040s, which means the aviation sector will have to adopt other measures to reduce emissions, such as increasing energy efficiency or redesigning airspace, according to a developer of the technology.
Read MoreVCM Report: Boost from smaller carbon registries keeps credit retirements set for annual record
Retirements of voluntary carbon credits remained high last week across the big four registries, which saw the gap continue to narrow to last year’s record total, but other, smaller organisations have seen volumes grow, putting 2024 on course to hit a fresh annual high.
Read MoreOslo court quashes NOK 400 mln EU ETS fine against Norwegian Air
An Oslo court has ruled that Norwegian Air Shuttle ASA was not obligated to fulfil its obligations under the EU ETS for 2020 during its reconstruction process, and that a NOK 400 million (€33.8 mln) penalty imposed on the carrier by the country’s Environment Agency was unlawful.
Read MoreLATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes
Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.
Read MoreCORSIA futures jump in wake of carbon credit auction
Futures for Phase 1 of CORSIA, the UN’s international aviation offsetting scheme, have jumped higher in the wake of reported results from a credit auction coming to light this week.
Read MoreCarbon credit financier looks to cash in by converting CORSIA-eligible inventory
A Toronto-based carbon credit financier has tentative plans to transition its carbon credit inventories to one of the voluntary carbon standard methodologies recently approved for Phase 1 of CORSIA (2024-26) by the UN aviation body ICAO, although it is still awaiting formal guidance from Verra.
Read MoreDozens of airlines scoop up CORSIA credits “in the low $20s” at special auction -sources
Dozens of airlines have purchased several hundred thousand CORSIA-eligible carbon credits in a special auction organised earlier this month by the Guyanese government, trading firm Mercuria, and exchange operator CBL Xpansiv, sources said.
Read MoreEU ETS revenues can help to scale up clean shipping and aviation fuels -analysis
Using just some of the revenues from taxing pollution from airplanes and ships could be used to cover the higher cost of lower-carbon fuels, according to analysis published on Monday.
Read MoreVCM Report: Retirement levels drop, market subdued amid ICVCM, CORSIA confusion
Retirement levels of voluntary carbon credits were relatively low last week to dash hopes of a year-end flurry, while drama around a recent REDD+ decision from the Integrity Council for the Voluntary Carbon Market (ICVCM) brought the Core Carbon Principles (CCPs) badge of quality into the spotlight.
Read MoreUK govt launches consultation on implementing CORSIA
The UK Department for Transport (DfT) has launched a consultation on Monday laying out proposals for how to implement the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), including potential fines for non-compliance.
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