VCM 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.
Read MoreOslo court quashes NOK 400 mln EU ETS fine against Norwegian Air
An Oslo court has ruled that Norwegian Air Shuttle ASA was not obligated to fulfil its obligations under the EU ETS for 2020 during its reconstruction process, and that a NOK 400 million (€33.8 mln) penalty imposed on the carrier by the country’s Environment Agency was unlawful.
Read MoreLATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes
Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.
Read MoreCORSIA futures jump in wake of carbon credit auction
Futures for Phase 1 of CORSIA, the UN’s international aviation offsetting scheme, have jumped higher in the wake of reported results from a credit auction coming to light this week.
Read MoreCarbon credit financier looks to cash in by converting CORSIA-eligible inventory
A Toronto-based carbon credit financier has tentative plans to transition its carbon credit inventories to one of the voluntary carbon standard methodologies recently approved for Phase 1 of CORSIA (2024-26) by the UN aviation body ICAO, although it is still awaiting formal guidance from Verra.
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