VCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreClimate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
Read MoreANALYSIS: States, industry groups urge SCOTUS to curb local climate liability suits against oil companies
A broad coalition including the US federal government, states, business groups, legal scholars, and tribal interests has urged the US Supreme Court (SCOTUS) to block a landmark climate damages lawsuit against two oil companies, arguing it would let local governments regulate GHG emissions through state tort law.
Read MoreANALYSIS: Brazil faces a ‘missing middle’ for nature finance
International appetite for Brazil’s nature economy is growing, but much of the capital still struggles to reach projects on the ground.
Read MoreClimate Litigation Roundup: Deception claims survive US federal challenges as VCM legal risks come into focus
The past month in climate litigation saw US courts preserve state-law deception claims against fossil fuel companies while pushing back on federal attempts to block them, the Dutch government move to appeal a ruling on climate duties for Bonaire, and fresh questions emerge about legal accountability in the voluntary carbon market (VCM).
Read MoreANALYSIS: Tough EU CORSIA carbon credit criteria could dramatically shift market
The European Commission’s provisional approach to CORSIA credit eligibility for its operators has provoked a strong reaction across the carbon market, with participants warning that the tight criteria under consideration would dramatically tighten supply for European airlines and create a bifurcated market.
Read MoreANALYSIS: CORSIA ‘standoff’ continues between supply and demand as uncertainty clouds market
Airlines are yet to deliver meaningful demand for CORSIA-eligible credits, despite repeated assurances of commitment, leaving a growing pipeline of eligible carbon credits in search of buyers and raising concerns among project developers, insurers, and analysts about the pace of investment.
Read MoreDATA DIVE: How could Microsoft’s credit buying ‘pause’ impact different engineered CDR sectors?
Reports from earlier this month that Microsoft may be easing away from new investments in the carbon removal (CDR) sector caused alarm for developers, though some pathways stand to be relatively more exposed to a drop-off in forward buying from the tech giant.
Read MoreANALYSIS: Microsoft’s ‘pause’ in CDR buying is a stark wake-up call for the nascent sector
A reported pause to Microsoft’s carbon removal (CDR) purchasing programme exposes a major demand challenge for the nascent technology-based market, but also represents a “bittersweet” opportunity for the sector to mature, project developers and experts told Carbon Pulse.
Read MoreClimate Litigation Roundup: Liability claims face setbacks, but one Peruvian case could open future pathways
The past month in climate litigation saw courts across multiple jurisdictions weigh greenwashing allegations and reject liability claims against major emitters, though one legal researcher said a landmark ruling in a decade-old case against a German utility has cracked the door open for more to come.
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