VCM Report: CORSIA impact yet to appear despite approval of major carbon standards
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.
Read MoreExchange completes first block trades of carbon futures
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.
Read MoreEU greenhouse gas emissions drop in 2023, next targets seen needing to maintain momentum
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.
Read MoreARB unveils partnership to ramp up SAF availability in California
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.
Read MoreFinnair delays climate neutrality goal five years, until 2050
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.
Read MoreEXCLUSIVE: More carbon standards fully approved to supply CORSIA credits for current phase
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.
Read MoreWorld Bank forest carbon programme makes record $111 mln in payments in 2024
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.
Read MoreUS Democrats target 10-year extension of 45Z tax credit availability
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.
Read MoreAI materials company secures funding to boost R&D in carbon removals, SAF, solar cells
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.
Read MoreINTERVIEW: Carbon insurance startups ready to expedite CORSIA credit supply
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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