Xpansiv aims to launch CORSIA-eligible voluntary carbon spot contract in Q4
Xpansiv, an environmental markets services provider, is looking to launch a CORSIA-compliant voluntary carbon spot contract in Q4, by which time it expects greater liquidity in the market.
Read MoreAirlines divided over international flights exemption from EU ETS reporting obligations
Most European airlines and aviation groups are convinced that an exemption from mandatory reporting of greenhouse gases for international flights can smooth the implementation of the EU’s Emissions Trading Scheme (EU ETS), although others are asking for stricter controls, just a few months before draft EU rules come into force.
Read MoreAir NZ drops 2030 emissions target, pulls out of SBTi
Air New Zealand on Tuesday dropped its 2030 carbon emissions intensity target and announced it is withdrawing from the Science Based Target initiative (SBTi), citing uncertain regulatory support and lack of sustainable aviation fuel (SAF) supply.
Read MoreVCM Report: New standardised CCP contracts launch as flurry of CBL carbon trade lights up dull summer market
Last week’s arrival of standardised contracts based on the Core Carbon Principles (CCPs) high integrity label could spark life into a voluntary carbon market that is generally wallowing in a summer slumber, despite a splurge of activity on the CBL marketplace.
Read MoreBritish airline introduces green surcharge to cover for SAF costs
A British airline will soon charge passengers a fee to help cover sustainable aviation fuel (SAF) expenses.
Read MoreFEATURE: Egypt’s Article 6 bet could cash in, but doubts remain around additionality
Egypt is slated to receive $6 billion in loans from the World Bank by 2027 contingent in part on meeting Article 6 carbon trading infrastructure milestones – but the North African country’s proclivity for renewables projects could compromise credible additionality.
Read MoreDenmark ‘very concerned’ about draft EU aviation climate reporting rules
Denmark has written to the European Commission to express concerns about draft EU aviation emissions reporting rules, saying the text fails to properly take non-CO2 emissions into account, as requested under the EU ETS.
Read MoreFutures exchange suspends December 2024 CORSIA futures contract
One of the major futures exchanges in carbon markets has suspended its benchmark contract in CORSIA-eligible carbon credits, straining the credibility of delivery on trades that had been made on the platform.
Read MoreAir France-KLM cites high EU ETS costs as profits slide 30%
Airline group Air France-KLM reported worse-than-expected results on Thursday, with ETS costs cited among reasons for the news.
Read MoreClear Sky announces two SAF deals on Wednesday
Clear Sky, an investment company specialising in aviation sustainability, announced two sustainable aviation fuel (SAF) partnerships on Wednesday.
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