VCM undergoing deep transformation that goes beyond headline data, say analysts
The voluntary carbon market (VCM) is undergoing a transformation that goes far beyond headline issuance and retirement data, according to a new report, though the recovery will not come overnight and value could take years to fully scale.
Read MoreANALYSIS: Experts question additionality of HFLD forest carbon methodologies, as integrity body considers approval
Carbon methodologies designed to credit for high forest, low deforestation (HFLD) should not be seen as additional and risk undermining carbon market integrity initiatives, according to climate experts, with voluntary carbon integrity body the ICVCM still considering the merits of one such programme for its quality stamp.
Read MoreHoneywell partners with Indian startup to develop sustainable aviation fuel
US industrial giant Honeywell on Tuesday partnered with an India-based startup to explore the production of sustainable aviation fuel (SAF), aiming to help airlines meet their CORSIA emissions requirements.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreICAO to assess Paris crediting mechanism units for CORSIA once time is right -TAB chair
The chair of UN aviation agency ICAO’s technical body has said that new Paris Agreement units will be assessed for the CORSIA scheme once the mechanism is ready.
Read MoreVCM Report: CORSIA carbon futures slip as uncertainty continues to bite
Standardised CORSIA Phase 1 contracts slipped last week amid ongoing uncertainty around US participation in the scheme, even as liquidity on futures jumped, while credit retirements remained below the 2024 weekly average despite analysts forecasting a record year for the market on the demand side.
Read MoreFEATURE: UK set to miss 2030 green jet fuel goals by half, increasing airline carbon exposure
The UK could miss its production goal of 10% sustainable aviation fuel (SAF) in total jet fuel use by 2030 by almost half, according to industry experts, with potential implications for airline exposure to carbon prices under the UK ETS and the UN’s CORSIA international offsetting scheme.
Read MoreBRIEFING: Experts confident of strong CORSIA supply and demand, including from US
Carbon market participants are confident that there will be both strong supply and demand for CORSIA credits, including from US airlines, despite political developments this year that have cast uncertainty over international climate initiatives.
Read MoreAnalysts expect record voluntary carbon credit retirements in 2025, excluding CORSIA demand boost
A carbon analytics firm has said it expects nearly 200 million tonnes CO2 in voluntary carbon market (VCM) retirements in 2025, with the possibility of substantially more if demand from the UN’s CORSIA international aviation offsetting scheme materialises.
Read MoreBrussels sets out draft EU ETS financing rules for green jet fuels
The European Commission adopted a draft regulation on Thursday to calculate the annual price difference between sustainable aviation fuels (SAF) and fossil kerosene, so that airlines can obtain funding support from the EU’s Emissions Trading Scheme (EU ETS).
Read More