World Bank updates carbon tracking system to align with Article 6, CORSIA
The World Bank has updated its carbon tracking registry to align with international compliance frameworks, including Article 6 and CORSIA, the global aviation offset programme.
Read MoreGold Standard consults on new methodology tackling huge GHG pollution from aircraft contrails
Gold Standard is seeking feedback on a methodology to credit emissions reductions from tackling commercial aircraft contrails, estimated to account for a large share of the sector’s global warming contribution.
Read MoreNorth Dakota Senate considers low carbon fuel fund to pave way for SAF production
North Dakota’s legislature will consider a bill that promotes carbon capture and storage (CCS) to allow ethanol producers to lower their carbon intensity (CI) and qualify for sustainable aviation fuel (SAF) production credits.
Read MoreEcuador inks $30 mln J-REDD deal with international carbon buyers’ club
Ecuador’s environment ministry on Wednesday signed a deal with a public and private sector carbon credit buyers’ club to obtain at least $30 million in results-based payments from jurisdictional REDD+ (J-REDD) emissions reductions.
Read MoreANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headaches
The impending US withdrawal from the Paris Agreement could influence the supply and demand dynamics under the CORSIA international aviation offsetting scheme, progress towards the launch of the new Paris Agreement Crediting Mechanism (PACM), as well as the 2028 Article 6 review — although widespread uncertainty still clouds the overall outlook under the new Trump administration.
Read MoreUK clears Heathrow expansion for take-off, promises plans will stick to carbon budgets
The UK government threw its weight behind the controversial expansion of Heathrow Airport on Wednesday, going against recommendations from its independent advisor on how to stick to the country’s legally binding carbon budgets, with any emissions impact to fall within the scope of the country’s carbon market and operators’ CORSIA obligations.
Read MoreVCM Report: Market ticks along amid cookstoves, US political uncertainty
Indecision and uncertainty continued to plague the voluntary carbon market after news broke that the Integrity Council for the Voluntary Carbon Market (ICVCM) may not decide on which cookstoves methodologies will qualify for the Core Carbon Principles (CCP) quality label until the end of March, while participants continued to digest the possible impact of US President Donald Trump’s withdrawal from the Paris Agreement.
Read MoreUS airlines to carry big demand for Phase 1 CORSIA credits
The US stands to be the country with the largest demand from its airlines for Phase 1 of the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), according to analyst forecasts.
Read MoreICE sees record environmental contracts trade in 2024
The ICE exchange on Friday said it saw a record number of environmental contracts trade in 2024, and confirmed the launch of new EU ETS2 futures in May.
Read MoreCORSIA-eligible carbon credits snapped up at $21.70 in auction
The first auction for Phase 1 CORSIA-eligible credits saw airlines snap up units at $21.70 per tonne, organising trade body the International Air Transport Association (IATA) confirmed Wednesday.
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