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SBTi guidance sees aviation CO2 intensity halve by 2035 to keep warming below 1.5C

Published 21:37 on February 3, 2023  /  Last updated at 21:37 on February 3, 2023  /  Aviation/CORSIA, International, Voluntary  /  No Comments

The UN-backed Science-Based Targets Initiative (SBTi) on Thursday released a technical report describing an interim pathway for aviation companies to set GHG reduction goals in line with the more ambitious temperature goal of the Paris Agreement.

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Activity picks up in OTC offset market, but REDD+ prices continue to crash lower

Published 18:24 on February 3, 2023  /  Last updated at 18:38 on February 3, 2023  /  Aviation/CORSIA, Nature-based, Voluntary  /  No Comments

Activity is picking up in the general over the counter (OTC) voluntary carbon market, brokers reported on Friday, although prices for REDD+ credits have dropped again after buyers largely disappeared in the wake of reports claiming widespread over-crediting in the avoided deforestation sector.

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China faces long list of barriers before CCERs can be cleared for international trade, report finds

Published 07:55 on February 3, 2023  /  Last updated at 09:53 on February 3, 2023  /  Asia Pacific, Aviation/CORSIA, China, International  /  No Comments

Beijing has a lot of work to do to facilitate the international trade in Chinese carbon credits, despite emissions reductions generated from the country’s national CCER offset programme having been deemed eligible in CORSIA’s pilot phase, according to analysts.

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Voluntary carbon market data firm publishes first ratings of corporate activity

Published 18:18 on February 2, 2023  /  Last updated at 20:55 on February 2, 2023  /  Aviation/CORSIA, International, Nature-based, Voluntary  /  No Comments

A data aggregator published Thursday what it claims is the world’s first rating of corporate activity in the voluntary carbon market (VCM), assigning a score to over 300 firms that have retired credits based on their share of emissions offset and the profile of units purchased.

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Developers rushed to add cookstove projects to portfolios in 2022, database shows

Published 17:27 on February 1, 2023  /  Last updated at 17:42 on February 1, 2023  /  Africa, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, South & Central, Voluntary  /  No Comments

Cookstoves were the most common new project in the voluntary carbon market last year, although REDD+ avoided deforestation projects still issued the most credits, according to a database compiling registry data.

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Finland publishes guide on best practices for voluntary carbon market

Published 11:29 on February 1, 2023  /  Last updated at 11:34 on February 1, 2023  /  Aviation/CORSIA, EMEA, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

The government of Finland on Wednesday published a guide to good practices for the voluntary carbon market (VCM), that aims to both improve the reliability of the domestic market and also create opportunities for Finnish companies to utilise credits as part of climate strategies in a responsible manner.

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Carbon credit initiative reveals majority of assessed units are low in quality

Published 16:43 on January 31, 2023  /  Last updated at 16:43 on January 31, 2023  /  Aviation/CORSIA, International, Nature-based, Voluntary  /  No Comments

An initiative that scores carbon credits based on their quality across various criteria has assessed a majority of units as low in at least one category as part of a recent expansion, it announced during a virtual event Tuesday.

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SAF, carbon removal essential for offset-dependent aviation to reach net zero by 2050, study says

Published 08:01 on January 31, 2023  /  Last updated at 08:01 on January 31, 2023  /  Aviation/CORSIA, International, Voluntary  /  No Comments

Aviation faces a huge task to drastically reduce its GHG emissions given expected increases in demand for air travel and air freight transport over the next three decades, which in turn will require significant investment in a combination of sustainable aviation fuels (SAF) deployment and carbon dioxide removal (CDR) technologies for the sector to reach net zero emissions by 2050, research released on Monday has found.

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VCM Report: Prices drop across the board after REDD+ over-crediting reports

Published 18:04 on January 30, 2023  /  Last updated at 20:01 on January 30, 2023  /  Aviation/CORSIA, International, Nature-based, Voluntary  /  No Comments

The expose of over-crediting REDD+ in national newspapers two weeks ago has continued to cast a shadow over the voluntary carbon market this week, widening a price gap between more sought-after over the counter (OTC) avoided deforestation credits and standardised nature-based contracts.

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UPDATE – Ryanair flags return to “robust” summer demand, as two more European airlines grounded

Published 10:01 on January 30, 2023  /  Last updated at 14:42 on January 30, 2023  /  Aviation/CORSIA, EMEA, EU ETS, International, Switzerland, UK ETS  /  No Comments

Ryanair became the latest airline Monday to point to resurgent demand in its quarterly report, stating expectations of “very robust” demand in the summer as passenger numbers breached a company record in the final quarter of 2022, while two more European airlines have been grounded in the past few days over financial woes.

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