CWNYC24: Carbon credit project developers say it’s on buyers to pay for insurance
Voluntary carbon market project developers’ margins are too thin to also pay for insurance – and the responsibility for insuring projects ultimately lies with the buyer, according to speakers at Climate Week NYC.
Read MoreEU greenlights ETS2 scope extension in Netherlands, Austria
The European Commission gave its green light Tuesday evening to a proposal by the Netherlands and Austria to unilaterally extend the scope of their Emissions Trading Scheme for heating and transport fuels (ETS2) to vehicles used in agriculture, as well as railways, and – in the case of Austria – small business jets and recreational flights.
Read MoreSpanish engineering, liquid logistics firms reach CCS service agreement
Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.
Read MoreAirlines face ‘eye watering’ net zero bill, CORSIA just 1% of the transition cost, says industry group
Airlines can meet net zero by 2050 but the transition bill will hit $4.7 trillion and need policy intervention, according to industry group IATA, with the CORSIA costs to account for only a fraction of the total.
Read MoreIATA to offer CORSIA-eligible carbon credits to airlines at special Q4 event
Airlines will be able to buy carbon credits eligible for CORSIA Phase 1 at a special event hosted by industry association IATA in the final quarter of the year, the industry association announced Tuesday, also publishing an update to its net-zero roadmap for the sector.
Read MoreVCM Report: Liquidity ticking higher, but voluntary carbon prices remain in the doldrums
Optimism continued to creep back into the voluntary sector last week, although most avoidance prices remained depressed as the market polarised between the cheap and the good quality.
Read MoreUK airline becomes largest carbon removals buyer in aviation via landmark deal
A flagship UK airline has become the biggest purchaser of carbon removal (CDR) credits in the UK, and the world’s largest CDR buyer in aviation, through a deal announced Monday.
Read MoreANALYSIS: Voluntary carbon market overlooking CORSIA insurance bottleneck
Large volumes of eligible voluntary carbon credits for the UN’s CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.
Read MoreAirline operators face future CORSIA compliance risk as Article 6 negotiations drag on -report
Airline operators may struggle to meet compliance requirements under Phase 2 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which starts in 2027, according to a new report.
Read MoreTrading house sells first CORSIA-certified SAF in Japan
A Tokyo-listed trading house has teamed up with two international partners to make the first batch of sustainable aviation fuel certified by the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) available for purchase in Japan.
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