UK confirms will not carry over emissions ‘surplus’ to fourth carbon budget

Published 15:10 on May 21, 2024  /  Last updated at 15:10 on May 21, 2024  / Roy Manuell /  EMEA, UK ETS

The British government confirmed that it will not carry over any so-called ‘surplus’ emissions from its 2018-22 carbon budget into the current fourth iteration in a statement Tuesday.

Read More

Italian firm prepares to launch voluntary biodiversity credit offsetting framework in Europe

Published 13:13 on May 21, 2024  /  Last updated at 13:13 on May 21, 2024  / Giada Ferraglioni /  Biodiversity, EMEA

An Italian nature tech firm is poised to release a set of standardised guidelines for a biodiversity framework late this year that will underpin its first certified biodiversity credits in 2025 for the European voluntary market, the company told Carbon Pulse.

Read More

European cement group targets 37% drop in production emissions in updated net zero plan

Published 13:06 on May 21, 2024  /  Last updated at 13:06 on May 21, 2024  / Roy Manuell /  Carbon Taxes, CBAM, EMEA, EU ETS

The European Cement Association (CEMBUREAU) aims to reduce production emissions 37% by 2030 and by 50% down the value chain, as per an updated net zero roadmap published Tuesday.

Read More

Carbon removal certification bodies merge in bid to shore up standards

Published 09:44 on May 21, 2024  /  Last updated at 09:44 on May 21, 2024  / Roy Manuell /  Americas, Asia Pacific, EMEA, International, Voluntary

Two carbon removal standards focused on biochar have partnered up with the aim of strengthening their certifications to keep pace with the fast-growing sector.

Read More

Voluntary carbon market focus shifts away from REDD towards forestry management in developed countries, study finds

Published 09:08 on May 21, 2024  /  Last updated at 09:08 on May 21, 2024  / Chia-Erh Kuo /  Africa, Americas, Asia Pacific, EMEA, Nature-based, Voluntary

The international voluntary carbon market has seen a priority change in offset project implementation over the past decade, with forest management solutions in developed nations attracting more attention from developers at the expense of REDD+ projects, researchers have found.

Read More

Global biodiversity fund ringfences over $70 mln for new round of grants

Published 01:36 on May 21, 2024  /  Last updated at 01:36 on May 21, 2024  / Giada Ferraglioni /  Africa, Americas, Asia Pacific, Biodiversity, EMEA, Other APAC

The Global Biodiversity Framework Fund (GBFF) has approved a new round of grants, planning to deliver over $70 million for 18 new projects.

Read More

Voluntary carbon market at “inflection point”, says Integrity Council chief

Published 18:35 on May 20, 2024  /  Last updated at 18:35 on May 20, 2024  / Nick Ferris /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

The chair of the Integrity Council for the Voluntary Carbon Market (ICVCM), which last year unveiled the Core Carbon Principles (CCPs) that are intended to enhance the integrity of voluntary carbon credits, has said that the adoption of the label marks an “inflection point” in the future of the sector.

Read More

INTERVIEW: One insurer’s aim to leapfrog hurdles in assigning risk to voluntary carbon methodologies

Published 18:08 on May 20, 2024  /  Last updated at 18:08 on May 20, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

A statistical approach that relies on many variables and deep data is emerging within the world of carbon insurance, such as the attempt by one insurance startup to assign risk to project methodologies, though the nuances of individual cases will still require judgment calls.

Read More

VCM Report: Sluggish voluntary carbon spot market starts to pinch

Published 18:00 on May 20, 2024  /  Last updated at 18:00 on May 20, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

News broke that Verra has temporarily suspended the registry account of the troubled Rimba Raya project on Monday morning to cap a dreary previous week for the voluntary carbon spot market that is still undermined by thin liquidity and low prices.

Read More

Euro Markets: EU, UK carbon prices break above key technical levels amid strong early buying

Published 17:57 on May 20, 2024  /  Last updated at 17:58 on May 20, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EU and UK carbon prices soared on Monday, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, with EUAs closing above a major technical level for the first time since Aug. 2023 and UKAs breaching the same technical level and a key psychological price to set a four-month high.

Read More