Korean refiner to launch country’s first SAF commercial production line
A top oil refiner in South Korea is set to start commercial operations of the country’s first production line for sustainable aviation fuel (SAF) next month, in response to the increasing demand for the eco-friendly fuel.
Read MoreMajor airline finalises deal to purchase carbon removals
A major airline has finalised a deal to purchase CO2 removal (CDR) credits as the hard-to-abate sector ramps up efforts to meet net zero emission targets.
Read MoreCanadian investment firm makes first SAF plunge with $1.1 bln backing
A major Canadian investment company announced its first foray into sustainable aviation fuels Tuesday with a $1.1 billion investment in a Californian low-carbon electrofuels (efuels) developer.
Read MoreGlobal Carbon Council consults on Article 6.2 eligibility standard
The Global Carbon Council (GCC) has opened a public consultation on regulatory documents devised for GCC 2.0 – the body’s new standard that will govern Article 6.2 eligibility of projects and their issuances.
Read MoreVCM Report: Voluntary carbon market stalls, ICVCM board fails to meet at the end of August
Thin liquidity continued to plague the voluntary carbon market last week although news of some big ticket tenders brightened the outlook.
Read MoreINTERVIEW: Navigating the imminent CORSIA carbon credit supply crunch
As the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) entered its first phase in 2024, airlines are grappling with an imbalance in the supply and demand of carbon credits – a challenge that could well continue into the second phase, according to one expert.
Read MoreINTERVIEW: Carbon intensity of renewable fuels increasingly factored into contracts
The carbon intensity of renewable fuels is being increasingly factored into contracts, with an expectation that the final price may be adjusted depending on the carbon intensity of the actual energy source delivered, according to a commodity software company.
Read MoreMalaysia targets net zero emissions from aviation by 2050
The Malaysian government has released a decarbonisation blueprint for its aviation sector, targeting net zero emissions by 2050, it announced Thursday.
Read MoreIBAC introduces carbon offset marketplace for aviation companies
The International Business Aviation Council (IBAC) has introduced a new platform for aviation companies to purchase offsets through a renewed partnership with a voluntary carbon exchange.
Read MoreVCM Report: Signs of life emerge but voluntary carbon market still yet to spark
Signs of life started to emerge in the voluntary carbon market last week, with brokers reporting an uptick in fresh offers and better buying appetite, although prices were little moved and liquidity remained thin.
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