CARBON FORWARD MIDDLE EAST: Arab League, voluntary carbon standard to sign Article 6 MoU -executive
The Arab League will next week sign a memorandum of understanding (MoU) with a voluntary carbon standard to build capacity for Paris Agreement carbon markets, an executive told Carbon Forward Middle East in Abu Dhabi on Thursday.
Read MoreCarbon credit rating agency BeZero secures $32 mln to push total funding past $100 mln
BeZero Carbon has secured $32 million in fresh funding to help expand its rating coverage to Article 6 credits, the international aviation emission scheme CORSIA, and the voluntary sector.
Read MoreFEATURE: Trump return adds uncertainty to CORSIA future as next phase approaches
US President-elect Donald Trump’s return to the White House and an upcoming EU review are raising uncertainty about whether the UN Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) will be implemented by enough countries to take a bite out of the sector’s rising emissions.
Read MoreUS biofuels producer closes billion-dollar DOE loan for SAF expansion
A US biofuels producer has closed a more than $1 billion loan with the federal government to expand its sustainable aviation fuel (SAF) production.
Read MoreMeeting EU’s new SAF mandate could halve aviation emissions by 2050 -EU agency
Meeting the EU’s new mandate for sustainable aviation fuels could cut the bloc’s net CO2 emissions by nearly half in 2050 — although the sector will still have to rely on carbon offsets to reach net zero, an EU aviation agency said in a report on Tuesday.
Read MoreVCM Report: Shell keeps up retirement spree, jump in North American prices keep voluntary market ticking over
Shell continued its voluntary carbon credit retirement spree last week to keep the market ticking over, amid a quiet start to the year that is relying on pockets of North American demand to prop up prices.
Read MoreBRIEFING: UK mandate mounts pressure on aviation sector, as Heathrow accelerates SAF adoption
Heathrow Airport has increased its incentive scheme for sustainable aviation fuel, aiming to boost it to 3% of total jet fuel use in 2025 — but UK industry is under heat to meet growing need for the cleaner fuel, faced with challenges including project finance and access to resources.
Read MoreEU aviation growth trajectory to deplete carbon budget by 2026 -report
Europe’s aviation industry is set to double passenger traffic by 2050, a trajectory “irreconcilable” with the region’s climate goals, with the sector on course to deplete its carbon budget as early as 2026, according to a report released on Monday.
Read MoreDAC-based synthetic aviation fuels to redefine flight path to net zero -researchers
Direct air capture-based synthetic fuels could offer a cheaper and more comprehensive pathway to climate-neutral aviation by 2050 compared to carbon offsetting strategies, according to researchers.
Read MoreUS Treasury issues overdue biofuels tax credit guidance
The US Department of Treasury and Internal Revenue Service (IRS) on Friday released highly anticipated guidance on the 45Z Clean Fuels Production Credit (CFPC), but industry members remained disappointed over its lack of detail.
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