VCM REPORT: CORSIA benchmark prices dive more than 15% as EU review, jet fuel costs sap demand
Prices for Phase 1 CORSIA-eligible carbon credits continued to fall last week as uncertainty around the international aviation offsetting scheme and persistently high jet fuel prices weighed on market sentiment, pushing thoughts of future compliance lower down carriers’ list of priorities.
Read MoreMENA Roundup: Morocco, Oman build carbon market vision and infrastructure
Morocco this month inked another bilateral Article 6.2 agreement, as the government is finally putting in place market infrastructure to support its ‘learning by doing’ approach, while Oman produced a concrete roadmap outlining its carbon market priorities.
Read MoreDeforestation risks turning Congo Basin from carbon sink to emitter -study
The Congo Basin needs a boost of investment, strengthened governance, and coordinated action in order to ward off mounting pressure on its resources and remain a vital carbon sink, including through more forestry carbon crediting projects, a UN-backed panel of scientists warned on Tuesday.Â
Read MoreINTERVIEW: Biodiversity credits are closest ecosystem service to commercial viability
Biodiversity credits are the ecosystem services market closest to becoming commercially viable as a funding source in their own right, but for now most nature value is still being priced indirectly, the head of a nature-based solutions financier has said.
Read MoreSustainable debt market surges in last five years to exceed $7 trillion -non profit
The global sustainable debt market has surged in activity since 2020, with cumulative aligned issuance now having surpassed $7 trillion, according to the latest data from a non profit.
Read MoreForward curves for voluntary credits launched, based on market data
A procurement and intelligence platform has launched a library of forward vintage curves for credits issued on the voluntary carbon market.
Read MoreExchange group drafts rules for listed company transition labels
A global exchange industry body has drafted principles for stock exchanges to label listed companies and IPO candidates with credible climate transition plans, it announced Tuesday.
Read MoreAustrian developer strikes second deal to market CORSIA-eligible carbon credits
A carbon asset manager with ambitions to become a major supplier of CORSIA-eligible credits has struck its second marketing deal, the company announced on Tuesday.
Read MoreGlobal carbon removal “governance gap” threatens climate goals, report warns
A new discussion paper has urged governments to rapidly establish a global governance framework for carbon removal (CDR), warning that the world is dangerously unprepared to manage the scale needed to meet climate targets.
Read MoreArticle 6 authority adopts new clean cooking fNRB tool, requests additional country-level values
The Article 6.4 Supervisory Body (SBM) has formally adopted a new tool for calculating the fraction of non-renewable biomass (fNRB), a key parameter underpinning baseline-setting in cookstove and biomass carbon activities, though has requested more granular country-level values be included following further work.
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