Swiss bank to retire engineered CDR credits from 2026 under net zero plan
A global bank based in Switzerland plans to begin retiring credits from engineered carbon removal (CDR) from 2026 to match its Scope 1 emissions by 2030, according to its latest sustainability report.
Read MoreFrance’s low-carbon strategy leaves weak spots on forestry and delivery, advisory says
France should move quickly to adopt its draft third National Low-Carbon Strategy (SNBC 3), but it still needs to address unresolved issues around land use, aviation, biomass, and implementation, the country’s independent climate advisory body said in a report published Thursday.
Read MoreBRIEFING: Income uncertainty looms over India’s land-based carbon projects
One of the biggest challenges facing India’s land-based projects is the difficulty of guaranteeing income for smallholder farmers given the volatility of carbon credit prices, a conference heard this week.
Read MoreChile publishes batch of four new Article 6 rules
Chile on Wednesday gazetted a package of technical resolutions detailing governance, methodological standards, and integrity requirements for mitigation activities under Article 6 of the Paris Agreement.
Read MoreChile approves priority mitigation activities list for Article 6
Chile has approved a list of priority and contraindicated mitigation activity types for the generation and authorisation of carbon credits under Article 6 of the Paris Agreement, marking another step in the country’s ambition to become a frontrunner in this international market.
Read MoreSelect European corporate buyers favouring NbS over engineered removals, study finds
Some European corporate climate managers are showing a preference for nature-based solutions (NbS) over engineered carbon removals (CDR) when purchasing credits, according to a study published this week that surveyed firms in Germany, Austria, and Switzerland.
Read MoreDigital MRV could strengthen carbon credit integrity but data quality concerns persist, ICVCM survey says
Digital monitoring technologies could improve transparency and accuracy in the voluntary carbon market but also introduce new integrity risks without proper governance, according to recent survey results published by the Integrity Council for the Voluntary Carbon Market (ICVCM).
Read MoreSpain could erase nearly 70 MtCO2/yr by mid-century with ambitious CDR policy push -analysis
Spain could erase nearly 70 million tonnes of CO2 per year through removal methods by mid-century under an ambitious deployment scenario, according to new research assessing the country’s capacity to scale the nascent technology as part of its net zero pathway.
Read MoreVCM Report: Voluntary carbon prices slip lower as buying appetite dries up amid oil spikes
CORSIA prices stabilised last week, but there was a general-sell off in much of the avoidance complex amid uncertainty about the impact of the war in the Middle East on the economy.
Read MoreCDR MONTHLY DATA: Investment falls but retirements edge up with market showing signs of maturity
The engineered carbon removals (CDR) market saw a softening in investment and fewer forward purchase deals in February, with biochar projects again dominating new issuance and retirements, according to registry data and figures from two analytics firms.
Read More