Verra announces VCS updates to support CORSIA, CCP eligibility

Published 00:00 on April 17, 2024  /  Last updated at 02:38 on April 17, 2024  / Graham Gibson /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Verra released Tuesday what it called “minor” updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.

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Texas and California firms partner to develop SAF using waste CO2

Published 21:36 on April 16, 2024  /  Last updated at 21:36 on April 16, 2024  / Allison Gacad /  Americas, Aviation/CORSIA, US, Voluntary

A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.

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Emissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain

Published 20:54 on April 16, 2024  /  Last updated at 20:54 on April 16, 2024  / Joan Pinto /  Aviation/CORSIA, EMEA, EU ETS, Shipping, Voluntary

A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.

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International emissions trading association releases guidelines on voluntary carbon credit use

Published 09:42 on April 16, 2024  /  Last updated at 09:42 on April 16, 2024  / Rebecca Gualandi /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Nature-based, Voluntary

The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.

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VCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin

Published 19:11 on April 15, 2024  /  Last updated at 19:11 on April 15, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.

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Former Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm

Published 07:00 on April 15, 2024  /  Last updated at 16:01 on April 12, 2024  / Roy Manuell /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, China, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, US, Voluntary

Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.

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LCFS Market: California prices drop 6% on ARB workshop disappointment

Published 23:51 on April 12, 2024  /  Last updated at 00:00 on April 13, 2024  / Allison Gacad /  Americas, Aviation/CORSIA, RINs & LCFS, US

California Low Carbon Fuel Standard (LCFS) prices sold off following ARB’s Tuesday release of public workshop materials, with market participants disappointed at the regulator’s proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB’s rationale given the programme’s outsized surplus bank.

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Higher LCFS credit values required to adequately support SAF production -analyst

Published 01:24 on April 12, 2024  /  Last updated at 01:24 on April 12, 2024  / Bijeta Lamichhane /  Americas, Aviation/CORSIA, RINs & LCFS, US

California’s current Low Carbon Fuel Standard (LCFS) credit values do not adequately incentivise market players to realise the potential for growth within the sustainable aviation fuels (SAF) industry, an analyst told webinar participants Thursday.

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Eleven carbon credit programmes vie for eligibility under UN’s CORSIA offset scheme in latest application round

Published 22:41 on April 11, 2024  /  Last updated at 23:13 on April 11, 2024  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Nature-based, Other APAC, South & Central, South Korea, Voluntary

Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.

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Global fashion giant invests in sustainable aviation fuel via international logistics firm

Published 20:29 on April 11, 2024  /  Last updated at 20:29 on April 11, 2024  / Allison Gacad /  Aviation/CORSIA, EMEA, International, Voluntary

A luxury fashion house has made its inaugural investment in sustainable aviation fuel (SAF) through a partnership with an international shipping company.

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