VCM Report: Spot CORSIA-eligible carbon credits slump, Koko collapse continues to stir debate
Spot prices for Phase 1 CORSIA carbon credits tumbled last week amid a lacklustre voluntary market, where the recent collapse of the Koko Networks cookstove and clean fuel provider continues to stir debate.
Read MoreNon-profit outlines phytoplankton CDR research framework
Phytoplankton-based carbon removal (CDR) holds potential for reaching climate-relevant scales but remains uncertain for deployment, with further research required, according to a new report on marine carbon removal (mCDR).
Read MoreCDR MONTHLY: Healthy volume of deals despite slowdown in new issuance, retirements
The engineered removals market saw a downturn in issuance and retirement volumes in January, month-on-month, but there were signs that the market was able to maintain momentum, with data showing that a healthy volume of forward deals and new investments were agreed.
Read MoreGermany could remove up to 95 mln tonnes of CO2 by 2045, finds report
Germany has the potential to remove as many as 95 million tonnes of CO2 from the atmosphere each year by 2045 if it pursues ambitious climate policies, according to a new report.
Read MoreCarbon standard launches biochar methodology aligned with downward adjustment Paris crediting rules
A carbon standard has released a new methodology for durable biochar for consultation that seeks to align with Paris Agreement Crediting Mechanism (PACM) rules by incorporating a downward adjustment over time within its framework.
Read MoreINTERVIEW: Canadian senate committee recommends mCDR framework
A new report from Canada’s Senate could kickstart a federal framework for marine carbon removal (mCDR), according to a senator.
Read MoreBRIEFING: Canada oil and gas, electricity caution federal government on benchmark overhaul
Canadian oil and electricity advocates are asking the federal government to tread carefully as it looks to update its industrial carbon pricing benchmark – or scrap its proposal altogether.
Read MoreEU’s carbon removal certification rules “still not good enough”, NGOs say
Despite improvements on previous drafts, the European Commission’s proposed EU-wide certification methodologies for permanent carbon removals still fails to address the climate impact of biomass extraction, campaigners have warned, saying they were considering legal action.
Read MoreVCM MONTHLY DATA: Carbon credit retirements down 9 mln YoY, lowest monthly issuance for five years
January retirements across the voluntary carbon market (VCM) fell by nine million year-on-year, while issuances also slipped to levels last seen five years ago – with one registry failing to record any new supply for the past three months.
Read MoreEU releases final draft methodology to certify permanent CO2 removals
After a first draft was submitted to public consultation last year, the European Commission on Tuesday published its final proposal to certify activities that permanently remove CO2 from the atmosphere, allowing first projects to be certified “in the coming months”.
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