VCM REPORT: CORSIA prices struggle to recover despite hopes for post-war demand rebound
CORSIA prices failed to rebound last week, with price assessments for eligible units down by more than 12% week-on-week and benchmark ICE futures dipping below $10/tonne amid higher jet fuel prices, even as market executives expressed hope for resurgence in demand once the Middle East conflict ends.
Read MoreGEF approves $144 mln for climate, nature projects
The Global Environment Facility (GEF) trust fund has approved $144.3 million for 16 climate and nature-positive projects around the world that are expected to mobilise more than $828 mln in co-financing.
Read MoreINTERVIEW: Nature tech startup looks to spread agroforestry carbon projects in Angola
A nature intelligence startup is working with Angolan land stewards to develop large-scale agroforestry initiatives in the country, using its technology to screen potential projects and reduce the risk of early-stage investment, just as the government begins building its carbon market framework.
Read MoreICE launches CORSIA liquidity provider programme covering futures, options
ICE Futures Europe has launched a new liquidity provider programme for its CORSIA carbon market contracts, in a move aimed at supporting trading activity across both current and future compliance periods of the UN aviation offsetting scheme.
Read MoreBRIEFING: UN adopting ICJ opinion boost for Paris Agreement, international climate treaties
Last week’s UN General Assembly vote to adopt a resolution endorsing the International Court of Justice’s (ICJ) advisory opinion on states obligations on climate change is a boost for multilateralism and international climate frameworks, including the Paris Agreement, experts told Carbon Pulse.
Read MoreVerra to decide on permanent integration of buffer-pool alternatives based on CCP eligibility
Carbon market standard Verra will decide whether to permanently integrate insurance- and fund-based alternatives to traditional buffer pools post-pilot, depending in part on whether credits issued under the approaches can qualify for integrity labels such as the Core Carbon Principles (CCP), according to a programme manager.
Read MoreNew guide offers recommendations for agricultural biomass-based CDR sourcing
A new guide released on Thursday by a New York-based advisory firm set out criteria for buyers sourcing agricultural residues for biomass-based carbon removals (CDR), citing the need for safeguards around soil health, livelihoods, and credit integrity.
Read MoreCarbon project financier expects Vietnam LOA by year-end, sees airlines returning to CORSIA market after oil shock
A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.
Read More2027 likely to be hottest year on record, UN warns
The world is on course for record-breaking average temperatures in excess of the Paris Agreement’s goals over the next five years, and 2027 could be the hottest, a UN agency has warned.
Read MoreFEATURE: How a legal mechanism used to obstruct climate policy is gaining strength
The rise in the number of cases brought by fossil fuel companies against governments, using Investor-State Dispute Settlement (ISDS), is stalling the energy transition and causing governments to hold back on more effective climate policy, despite growing awareness of the topic, say experts.
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