ANALYSIS: Market hopes new administration awakens giant dormant Colombia, key implementation questions loom
Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.
Read MoreASEAN could unlock up to $8.5 bln from CORSIA, report says
Southeast Asia could generate up to $8.5 billion over the next decade by supplying carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation, provided governments speed up approvals necessary to bring more projects online, according to a report released on Wednesday.
Read MoreAustralian aviation company raises A$28 mln to scale drag-reducing tech
An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreSingapore Airlines sees climate compliance costs as high as $155 mln
Singapore Airlines said climate‑related compliance costs were financially material, with exposure projected at between SGD 50-200 million ($38-155 mln), and high risk impacts above that.
Read MoreTanzania rejects claims carbon market deals surrender natural resources
Tanzania has rejected opposition claims that international carbon trading agreements amount to the sale or transfer of control over the country’s natural resources, insisting that its carbon market framework is designed to protect national sovereignty while generating new revenue.
Read MoreSAF industry must move beyond competing technologies to scaling production, experts say
Scaling sustainable aviation fuel (SAF) production, rather than competing over technologies, is now the industry’s biggest challenge, experts said on Thursday.
Read MoreGovernments join push to scale CORSIA credit supply ahead of 2027 demand
Five governments have joined an aviation carbon market alliance aimed at scaling the supply of eligible carbon credits for international airlines, as the sector looks to meet expected demand of up to 250 million emissions units by spring 2027.
Read MoreCarbon developer group elects Latin America specialist to leadership role
An international carbon project developer association has elected a Brazil-based project specialist as co-vice chair, adding Latin American experience to its leadership as it seeks to influence international carbon market rules.
Read MoreVCM REPORT: CORSIA futures fall to fresh 2-year lows, wider credit demand shows strong signs amid focus on quality
CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.
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