Netherlands retires 7k carbon removal credits in record transaction for state govt
The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date.
Read MorePACM could scale carbon crediting beyond projects, but rule gaps remain -report
The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday.
Read MoreANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.
Read MoreDigital MRV firm partners with Danish biogas operator on BECCS project
A digital monitoring, reporting, and verification (MRV) provider has partnered with a Danish biogas operator to provide data infrastructure for a five-site bioenergy with carbon capture and storage (BECCS) project in Denmark, the firms said last week.
Read MoreEU ETS could need carbon removals “safety valve” to avoid price surge if CCS, hydrogen rollout falters -report
The EU may need to integrate CO2 removals into its emissions trading system as a “safety valve” to prevent allowance prices from spiralling if deployment of carbon capture and storage (CCS) and green hydrogen infrastructure continues to lag expectations, according to a new report.
Read MoreAbsolute Climate launches consultation on updated carbon accounting standard
Carbon accounting firm Absolute Climate has opened a month-long public consultation on an updated version of its Absolute Carbon Standard (ACS), introducing revisions to its framework for certifying removal activities and low-carbon products amid growing scrutiny of market integrity.
Read MoreEU must ensure international carbon credit rules enable scale as well as integrity, say experts
Brussels must strike a balance between scale and integrity when it designs its international carbon credit purchasing framework, market stakeholders said this week, as the Commission digests the results of its recent consultation on the matter.
Read MoreANALYSIS: New SBTi standard opens door for carbon markets, but guardrails will temper near-term demand
The Science-Based Targets initiative’s (SBTi) long-awaited new Corporate Net-Zero Standard was widely welcomed for recognising companies that address their ongoing emissions, including with voluntary ‘high-integrity’ credit buying – but stakeholders critiqued its lack of mandate on near-term action, which they said will significantly dampen the immediate market signal.
Read MoreCarbon removal standard partners with London firm to expand pool of CORSIA insurance options
A carbon removal (CDR) standards body has teamed up with an established London firm in a bid to expand its pool of insurers eligible to underwrite risks associated with supplying the CORSIA aviation offsetting scheme, it announced on Thursday.
Read MoreBrussels should move ahead with adding carbon removals to EU ETS, says former UK official
The European Commission needs to confirm it will bring carbon removals (CDR) into the EU ETS when it proposes market reforms next month – providing a much-needed policy push to a global public good, a former UK government official has said.
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