VCM Report: CORSIA impact yet to appear despite approval of major carbon standards

Published 18:44 on November 4, 2024  /  Last updated at 18:44 on November 4, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

Four more carbon registries were granted eligibility for Phase 1 of the CORSIA international aviation offsetting scheme last week, although the kick-start in demand is likely to be more of a slow burner, sources said, with interest in voluntary credits still lacklustre.

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Exchange completes first block trades of carbon futures

Published 14:00 on November 4, 2024  /  Last updated at 13:49 on November 4, 2024  / /  Asia Pacific, Aviation/CORSIA, International, Nature-based, Other APAC, Voluntary

An exchange has completed the first two block trades of its physically-settled carbon futures, including volume for credits eligible for the current phase of the CORSIA international aviation offsetting scheme.

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EU greenhouse gas emissions drop in 2023, next targets seen needing to maintain momentum

Published 15:55 on October 31, 2024  /  Last updated at 15:55 on October 31, 2024  / /  Aviation/CORSIA, Climate Talks, EMEA, EU ETS

Emissions in the EU fell significantly in 2023, but clear and predictable policies are essential to maintaining momentum, according to two separate reports released on Tuesday. 

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ARB unveils partnership to ramp up SAF availability in California

Published 23:50 on October 30, 2024  /  Last updated at 23:50 on October 30, 2024  / /  Americas, Aviation/CORSIA, RINs & LCFS, US

California has reached an agreement with an airlines trade organisation to scale the state’s sustainable aviation fuel (SAF) supply to 200 million gallons (757 million litres) by 2035, regulator ARB said Tuesday.

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Finnair delays climate neutrality goal five years, until 2050

Published 15:26 on October 30, 2024  /  Last updated at 15:26 on October 30, 2024  / /  Aviation/CORSIA, EMEA, International, Voluntary

Finland’s flagship carrier announced on Wednesday it had pushed its climate neutrality goal from 2045 to 2050, saying this was due partly due to the company’s decision to exclude carbon offsets from its climate solutions portfolio.

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EXCLUSIVE: More carbon standards fully approved to supply CORSIA credits for current phase

Published 09:18 on October 30, 2024  /  Last updated at 16:47 on October 30, 2024  / and /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, US, Voluntary

UN aviation body ICAO has awarded full approval to four more voluntary carbon standards for Phase 1 of CORSIA (2024-26), Carbon Pulse has learned, meaning their credits will become eligible for use by airlines during the current stage of the international offsetting scheme.

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World Bank forest carbon programme makes record $111 mln in payments in 2024

Published 03:11 on October 24, 2024  /  Last updated at 03:11 on October 24, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary

The World Bank’s Forest Carbon Partnership Facility (FCPF) in FY24 disbursed a record $111 million from the Carbon Fund and made multiple arrangements to integrate its jurisdictional REDD+ (J-REDD) programmes into international markets as the fund’s closure looms in 2028.

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US Democrats target 10-year extension of 45Z tax credit availability

Published 23:38 on October 23, 2024  /  Last updated at 23:38 on October 23, 2024  / /  Americas, Aviation/CORSIA, US, Voluntary

A bill introduced by US lawmakers this week seeks to prolong the 45Z Clean Fuel Production Credit (CFPC) by 10 years, extending its availability through 2037.

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AI materials company secures funding to boost R&D in carbon removals, SAF, solar cells

Published 15:05 on October 23, 2024  /  Last updated at 15:05 on October 23, 2024  / /  Asia Pacific, Aviation/CORSIA, EMEA, Other APAC

A London-based firm that leverages AI to manufacture new materials has raised an undisclosed sum to accelerate research and development (R&D) of climate technologies, including sustainable aviation fuel (SAF), solar cells, and carbon removal, the company announced Tuesday.

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INTERVIEW: Carbon insurance startups ready to expedite CORSIA credit supply

Published 05:35 on October 23, 2024  /  Last updated at 10:07 on October 23, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Carbon insurance startups are primed to help ease any supply bottleneck of carbon credits eligible for use against the CORSIA international aviation offsetting scheme, even though it may take a long time before units are made available to buyers due to UN political risk requirements.

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