Carbon storage building materials could absorb half of world’s annual CO2 -study
Tweaking conventional building materials to absorb CO2 could boost carbon storage capacity to half of the world’s emissions annually, a new scientific study estimated.
Read MoreGabon launches sovereign carbon initiative with $17/t “contribution”, CORSIA-linked offsetting provisions
Forest-rich Gabon has launched a sovereign carbon initiative that will require air travel and shipping operators to pay a $17-per-tonne emissions “contribution” to cover some of their climate impact from journeys to and from the African country, as well as provisions linked to offsetting using CORSIA-eligible credits.
Read More“Year of contrasts” for VCM as carbon credits see moving trends in 2024 -report
Higher issuances of more recent vintages as well as soaring interest in cookstove credits are among the key takeaways from the VCM in 2024, a year marked by an historic deal on Article 6 of the Paris Agreement, according to a report published on Friday.
Read MoreEuro Markets: EUAs top significant level as speculative buyers continue to bolster prices, as UKAs weaken again
European prices forged higher for a seventh consecutive day on Friday, breaching an important psychological level during the session before posting a 5.9% weekly gain as buyers kept control of the price action, while energy markets followed the strength in EUAs across the board but UKAs weakened again to their least since the market’s record low a year ago.
Read MoreDATA DIVE: Record number of new VCM entrants in 2024 a positive sign for the market
A record number of new entrants in the voluntary carbon market (VCM) in 2024 offers a positive signal, participants have said, despite lacklustre overall volumes and weak price movement over the past year.
Read MoreNew Austrian government to scrap climate bonus as part of budget cuts
Austria will abolish its climate bonus as part of a €6.4 billion budget cut announced Thursday by its new coalition government, which brings together centre-right and far-right parties.
Read MoreVerra flooded with suggestions on improving VCS Programme
Verra was inundated with comments from stakeholders in response to a wide ranging survey on the core concepts of its Verified Carbon Standard (VCS) Programme, it revealed Friday.
Read MoreEstonian agtech completes large-scale soil sampling for future carbon credits
An Estonia-based agtech company on Thursday announced it has completed a cross-border soil sampling campaign in Europe to generate carbon credits under the Verra standard.
Read MoreNew Irish govt programme fuels concerns over biodiversity protection
The Republic of Ireland’s incoming government coalition published this week a plan setting out the actions it aims to take over the next five years, with environmental organisations raising concerns over the lack of strong commitments on biodiversity protection and restoration.
Read MoreCARBON FORWARD MIDDLE EAST: Iraq steps up Article 6 push with project reviews, talk of ‘cooperative approaches’
The Iraqi government has in recent weeks deliberated on cooperative approaches, a source familiar with the matter said Friday – just weeks after the country announced it had begun reviewing carbon project proposals to take the Paris Agreement from theory to practice.
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