PACM 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 MoreColombian carbon standard opens consultation on revised biochar methodology
A Colombian carbon crediting standard has opened a public consultation on a revised biochar methodology, with updates aimed at strengthening rules on biomass eligibility, permanence, leakage, uncertainty, and long-term storage.
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 MoreUK’s first commercial DAC project launches with 60,000-tonne target
The UK’s first commercial direct air capture (DAC) project has launched with plans to remove up to 60,000 tonnes of CO2 per year by 2032, the project developers announced Thursday.
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 MoreShipbuilder spurs DAC scale-up in Canada to bolster submarine bid
A German shipbuilder, a sustainable technologies provider, and a Californian direct air capture (DAC) developer are pairing up to advance clean tech in Canada.
Read MoreERW shows mixed effects on soil sponge function in review
Enhanced rock weathering (ERW) produced inconsistent responses across indicators linked to soil sponge function, according to a review of published research.
Read MoreMicrosoft inks first Asian ERW removal credit deal with Indian firm
Microsoft has agreed to purchase up to 36,920 tonnes of CO2 removal credits from Indian enhanced rock weathering (ERW) developer Alt Carbon under a multi-year deal that marks the technology giant’s first ERW procurement agreement in Asia.
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.
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