Dozens of airlines scoop up CORSIA credits “in the low $20s” at special auction -sources
Dozens of airlines have purchased several hundred thousand CORSIA-eligible carbon credits in a special auction organised earlier this month by the Guyanese government, trading firm Mercuria, and exchange operator CBL Xpansiv, sources said.
Read MoreEU ETS revenues can help to scale up clean shipping and aviation fuels -analysis
Using just some of the revenues from taxing pollution from airplanes and ships could be used to cover the higher cost of lower-carbon fuels, according to analysis published on Monday.
Read MoreVCM Report: Retirement levels drop, market subdued amid ICVCM, CORSIA confusion
Retirement levels of voluntary carbon credits were relatively low last week to dash hopes of a year-end flurry, while drama around a recent REDD+ decision from the Integrity Council for the Voluntary Carbon Market (ICVCM) brought the Core Carbon Principles (CCPs) badge of quality into the spotlight.
Read MoreUK govt launches consultation on implementing CORSIA
The UK Department for Transport (DfT) has launched a consultation on Monday laying out proposals for how to implement the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), including potential fines for non-compliance.
Read MoreUS SAF scale-up depends on tax credit extension, updated renewable fuel standard -report
Sustainable aviation fuel (SAF) in the US requires deliberate policy efforts to unlock broad-based adoption, including both reform of current programmes and introduction of new carbon pricing measures, a think tank wrote in a December report.
Read MoreVerra calls on UN body to re-evaluate carbon credit exclusions from CORSIA Phase 1
Verra has questioned UN agency ICAO’s decision to exclude some of its methodologies from Phase 1 (2024-26) of the CORSIA international aviation offsetting scheme, including its new protocols across forestry and energy sectors.
Read MoreUS SAF producer debuts blended fuel facility, partnership with Drax
A US Gulf Coast developer of sustainable aviation fuel (SAF) announced the launch of its first commercial-scale facility, alongside a strategic partnership with UK energy company Drax.
Read MoreCIX to launch CORSIA carbon credit spot contract
Singapore-based Climate Impact X (CIX) Thursday announced plans to launch its first standardised physical spot contract for Eligible Emissions Units (EEUs) under the CORSIA international aviation offsetting scheme.
Read MoreGrowth in SAF production ‘disappointingly slow’ -IATA
The production of sustainable aviation fuel (SAF) is growing in volume, but at a very slow rate, industry association International Air Transport Organisation (IATA) said this week.
Read MoreEuropean aviation needs more than new tech, carbon pricing to decarbonise, finds report
Beyond technological innovation and existing carbon pricing mechanisms, decarbonising aviation in the EU needs stronger policy measures that make the polluter pay, subsidies for clean energies, and promote alternatives to flying, new research has found.
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