WEF, GenZero launch initiative to decarbonise aviation in Asia Pacific
The World Economic Forum (WEF) has collaborated with GenZero, a subsidiary of Singapore government-owned investment firm Temasek, to scale demand for sustainable aviation fuels (SAF) with an aim to decarbonise the sector in the Asia Pacific region, they announced Monday.
Read MoreAsian carrier to add the cost of carbon to flight prices to pay for CORSIA-eligible credits, tech capital spend
A major Asian airline is set to begin adding carbon pricing to flights this year to meet the cost of sourcing necessary offset credits to meet its mandated decarbonisation goals.
Read MoreAirlines urged to lock in credits ahead of CORSIA price surge
Airlines should secure their CORSIA eligible carbon credits now, before prices rise and potential penalties kick in, industry experts told a webinar that discussed eligibility bottlenecks and market risks surrounding the international aviation offsetting scheme.
Read MoreMajor airline looks to CDR units to meet 2030 goals
New Zealand’s national carrier is looking to purchase CO2 removal units to mop up its residual emissions in 2030, it said on Thursday.
Read MoreVCM Report: Voluntary carbon credit indices rebound, France backs CCPs
Voluntary carbon credit indices edged higher last week as market participants returned to desks following a holiday break, while France threw its weight behind corporate use of integrity-backed carbon credits, following similar moves by Germany and the UK in April.
Read MoreEuropean airline emissions back to pre-Covid levels, carbon market fails to address costs -report
Emissions from airlines in Europe have bounced back to pre-Covid levels, while the bloc’s Emissions Trading System (ETS) appears unable to address the costs of soaring pollution, according to green campaign group Transport and Environment (T&E).
Read MoreDeveloping sector pathways key to successful transition finance, say UK experts
Developing sector transition pathways and providing attractive risk return is key to delivering finance that can support the UK deliver its net zero goal whilst also driving economic growth, experts told a webinar Friday.
Read MoreINTERVIEW: Chilean ministries refining CO2 tax after record offset retirements
Chilean ministries are discussing policies that could further increase and diversify carbon retirements against a national CO2 tax on the heels of unexpectedly large offset volumes, and contemplating a role for voluntary credits in ETS designs, according to a top official.
Read MoreVCM Report: Carbon credit prices tumble amid thin liquidity over holiday season, UK govt announcement offers hope
The holiday break took its toll on the voluntary carbon credits with liquidity and prices sliding last week, but the UK government gave a fillip to the market after throwing its weight behind integrity initiatives and the use of both reductions and removal credits to mitigate Scope 3 emission claims.
Read MoreANALYSIS: EU carbon analysts play down ETS2 delay, despite political backlash
EU carbon analysts struggle to see a political avenue for delaying the introduction of the new ETS2 emissions trading system, despite rising fears across several EU member states about the impact of the consumer-facing pricing mechanism.
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