World Bank insurance agency issues $180 mln guarantee to carbon project developer against political risk
The World Bank’s insurance agency has issued a $179.6 million guarantee to a clean cooking carbon project developer covering political risk affecting its credits such as expropriation, international transfer restrictions, and breach of contract.
Read MoreVCM Report: Prices drift lower, but market buoyed by signs of sovereign support
Prices generally drifted lower as buying appetite continued to favour the cheap end of the market, but national support for voluntary carbon buoyed sentiment.
Read MoreJapanese firms partner on CORSIA-compliant wood-based sustainable aviation fuel
Four Japanese firms along with Airbus have partnered to develop wood-biomass based sustainable aviation fuel (SAF) that will also be CORSIA compliant, the companies announced Monday.
Read MoreINTERVIEW: US values clean energy for diversification and security, unlikely to completely scrap IRA
For all its anti-climate rhetoric, the US government does value the diversification and supply security benefits of clean energy, and views most Inflation Reduction Act (IRA) credits as a way to kickstart an industry, according to the CEO of a Danish fuel producer.
Read MoreSpanish airline partners with Google-backed DAC startup to explore CDR projects
A Spanish air carrier announced Thursday it has signed a two-year agreement with a Google-backed direct air capture (DAC) startup to explore carbon credits projects.
Read MoreUS energy corporation targets geothermal eSAF production
A US-based clean fuels developer is planning to produce sustainable aviation fuel (SAF) with geothermal energy.
Read MoreLATAM Roundup: The ‘forestry COP’ in full swing
The incoming Brazilian COP30 presidency is promoting initiatives and agendas to reduce deforestation and forest degradation – as Brazilian agriculture, forestry, and land use (AFOLU) projects dominated Verra’s Latin American voluntary carbon market (VCM) retirements for the week of Mar. 3-9.
Read MoreVCM Report: ICVCM tough cookstove announcement met with indifference, retirement levels slide
The Integrity Council for the Voluntary Carbon Market (ICVCM)took a tough stance last week on cookstove methodologies, although it seemed to have been with indifference by the market that seems more focused on CORSIA, the aviation emissions scheme, and worrying about rating agency grades.
Read MoreICVCM doing better job to identify project quality than CORSIA, says ratings agency
The Integrity Council for the Voluntary Carbon Market (ICVCM) is doing a “much better job of separating out quality” carbon projects than the UN’s aviation offset scheme CORSIA, said the co-founder of a ratings agency on a webinar Thursday.
Read MoreFossil fuels drive slight rise to US emissions in 2024, renewable fuels supply soars -report
A report published Thursday estimates that US emissions rose slightly year-on-year, driven by fossil fuel use in industry, transport, and agriculture, amid a boom in the supply of non-fossil fuels.
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