EU aims to launch blue carbon credits in 2030
The European Commission is developing a new blue carbon credit certification system that aims to reward the expansion and creation of marine ecosystems for their role in absorbing CO2, a senior official said, while presenting the EU’s new island and coastal strategy.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreIndia carbon credit startups struggle for capital despite growing ambitions
India’s carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.
Read MoreBRIEFING: Canadian CDR signal strong despite climate policy rollback
Canada’s pullback on climate policies in pursuit of energy and economic security doesn’t have to be at odds with its signal to ramp up its carbon removal (CDR) sector, industry players said at a recent event.
Read MoreVerra launches development of next round of methodologies, eyes super pollutants from refrigeration
Verra launched development of several new or revised standards, including a new methodology for avoiding super pollutant emissions from refrigeration systems.
Read MoreBeZero cites legal backing for EU ESG ratings compliance as July launch nears
Carbon ratings agency BeZero Carbon said independent legal reviews have concluded its activities fall within the scope of the EU’s new ESG Ratings Regulation, as the company prepares to seek recognition under the regime ahead of its July implementation.
Read MoreCarbon removals sector shifts from hype to delivery amid growing supply constraints -report
A CO2 removal market that only a few years ago was dominated by climate-tech experimentation and future promises is entering a more mature, execution-focused phase, with investors, buyers, and policymakers increasingly prioritising delivery, financeability, and infrastructure over ambitious announcements, according to a new report.
Read MoreBRIEFING: California CCUS, CDR rulemaking split over scope, liability, and market role
California’s proposed carbon capture, utilisation, and storage (CCUS) and removal (CDR) regulations have drawn competing calls for broader project eligibility, tighter definitions, stronger community safeguards, and lighter-touch treatment of federally regulated geologic storage, according to public comments submitted to state regulator ARB.
Read MoreJapanese corporate seeks partners to develop direct ocean carbon capture tech
A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read More