Article 6 authority approves N2O carbon methodology
The UN body overseeing implementation of the Paris Agreement Crediting Mechanism (PACM) has approved a new methodology to reduce N2O emissions from nitric acid production.
Read MoreClimate finance continued to grow in 2024, mostly going to emission reductions -OECD
Developed countries increased their public and private finance for climate action for a third year in a row in 2024, with nearly two-thirds directed to emission reduction efforts, according to the OECD’s annual assessment, published Thursday.
Read MoreForestry is a high-potential launchpad for biodiversity credits -report
The forestry sector is well positioned to support biodiversity credit markets on the supply and demand sides, according to a report.
Read MoreCORSIA could run short of eligible offsets by 2028 under higher emissions scenarios -analysis
The aviation sector’s international carbon offsetting scheme could face a shortage of eligible credits by 2028 under medium- and high-emissions scenarios, according to analysts, even though only a small portion of expected demand is currently covered by explicit non-compliance penalties.Â
Read MoreWorld Bank toolkit urges countries to draw on existing standards in voluntary carbon market rules
Developing countries should build clear domestic rules for carbon crediting while relying where possible on established international standards and infrastructure to avoid slowing market access, the World Bank said in a legal guide published this week.
Read MoreSBTi shifts focus to implementation in new strategy to help corporates to net zero
The Science Based Targets initiative (SBTi) has unveiled a new 2026-30 strategy that will see it pivot from a generalised approach to more tailored support across sectors and geographies for corporates aiming to reach net zero, with a direct reference in the plan to the possible use of ‘high-integrity’ carbon credits as a “complement” for emission reductions.
Read MoreGermany launches project to develop carbon removals across three African countries
Germany’s Federal Ministry for the Environment (BMUV) has launched a new initiative to develop high‑integrity carbon removals in Africa, backed by funding from the International Climate Initiative (IKI) and implemented by the development agency GIZ.
Read MoreEarly shift from coal-based steel could halve future decarbonisation costs, study says
Redirecting planned coal-based steel investment before 2030 could avoid emissions at around half the cost of cutting the same amount of CO2 later through other sectors or carbon removals (CDR), according to a study released Thursday.
Read MoreINTERVIEW: CORSIA carbon credit supply and demand must grow ‘in lock step’ to scale market
The UN’s international aviation offsetting scheme is slowly growing, but has the potential to take off quickly if supply and demand fall into lockstep, the founder of a carbon markets analysis company told Carbon Pulse.
Read MoreINTERVIEW: ICVCM chief sees short-term pain, long-term gain from shift to CCP-aligned methodologies
Project developers in developing countries face short-term economic strain as carbon credit methodologies are brought into line with the Core Carbon Principles (CCP), but the move is already yielding higher prices and renewed buyer confidence, said Amy Merrill, CEO of the Integrity Council for the Voluntary Carbon Market (ICVCM).
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