Bhutan publishes ART TREES concept note, aims for ITMOs
The Secretariat of the ART TREES standard on Friday announced it had added Bhutan’s jurisdictional REDD+ concept note to the ART Registry, wherein the Himalayan country has also committed to following protocols to issue Internationally Transferred Mitigation Outcomes (ITMOs) under the Paris Agreement.
Read MoreJapanese player partners with coal miner for SAF project
A Japanese conglomerate is partnering with a coal miner and an agricultural startup in a further step toward sustainable aviation fuel (SAF) in Australia this week, with a view to earning carbon credits.
Read MoreBRIEFING: UK to rely heavily on removals and emissions trading to reach its 2050 jet zero target
Only 36% of the UK’s ability to achieve net zero emissions in aviation by 2050 will come from low-carbon fuels and technologies and improved fuel efficiency, with the remainder to come from abatement outside the aviation sector and trading under the UK ETS and global aviation offsetting scheme, according to government projections.
Read MoreGabon to introduce carbon levy for air, maritime transport
Gabon will require air and maritime transport operators to pay a new ecological contribution tied to their carbon emissions, following the adoption of a decree by the Central African country’s government on Sunday.
Read MoreVCM Report: Outlook for market brightens in 2025 after tough year
The market outlook for 2025 is more upbeat after a difficult previous 12 months, due to an expected demand boost from Phase 1 of CORSIA and the development of Paris Agreement trading after the historic decision to finalise Article 6 at COP29.
Read MoreVoluntary carbon market “on ice” as valuation fails to build in 2024 -analysts
The voluntary carbon market saw its value remain at around $1.4 billion last year as spot prices slumped 20%, though analysts still forecast the sector could still grow to the tens of billions by the end of the decade.
Read MoreUAE launches digital platform for CORSIA implementation
The UAE’s General Civil Aviation Authority (GCAA) has launched the region’s first digital platform to facilitate implementation of the UN’s CORSIA aviation offsetting scheme.
Read MoreEU ETS support for sustainable aviation fuels should be extended, industry and NGO say
An EU regulation to allocate carbon allowances to support the rise of sustainable aviation fuel (SAF) should be extended to provide greater investment certainty, industry associations and civil society said in feedback to the proposal.
Read MoreINTERVIEW: Aviation sector needs to look at ways to cut carbon now, while waiting for emissions-free planes to launch
Hydrogen fuel cell planes may not hit the market until the late 2040s, which means the aviation sector will have to adopt other measures to reduce emissions, such as increasing energy efficiency or redesigning airspace, according to a developer of the technology.
Read MoreVCM Report: Boost from smaller carbon registries keeps credit retirements set for annual record
Retirements of voluntary carbon credits remained high last week across the big four registries, which saw the gap continue to narrow to last year’s record total, but other, smaller organisations have seen volumes grow, putting 2024 on course to hit a fresh annual high.
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