FEATURE: 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.
Read MoreFEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
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 MoreDATA DIVE: One-third of stakeholders back including carbon credits in EU ETS
Only a third of EU ETS stakeholders are explicitly in favour of allowing the use of international carbon credits in the cap-and-trade market, whereas a strong majority backs the bloc’s use of credits outside the scheme, data from the European Commission’s call for evidence reveals.
Read MoreVCM 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 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 MoreANALYSIS: Potential EU CBAM-linked Article 6 demand could reach 17 Mt per year, as market questions “arbitrary” cap
Annual demand for Article 6 carbon credits, generated by proposed rules to allow them to be deducted from EU Carbon Border Adjustment Mechanism (CBAM) fees, could theoretically rise to more than 17 million tonnes through 2040, analysts have said, but limitations imposed by Brussels mean that, at least in the near term, buying is likely to be a fraction of that potential volume.
Read MoreFEATURE: Bipartisan US reforestation bill could strengthen pipeline for carbon, nature projects -experts
A bipartisan US proposal to expand reforestation infrastructure support could ease long-standing supply bottlenecks constraining nature and carbon projects, observers told Carbon Pulse.
Read MoreBRIEFING: Financiers single out ‘delivery risk’ as biggest obstacle for European carbon removal projects
The risk that a developer goes bankrupt or fails to deliver is the biggest obstacle to funding carbon removal (CDR) projects, financiers told a European Commission event on the EU’s Carbon Removals and Carbon Farming (CRCF) scheme last week.
Read MoreFEATURE: EU quietly shifts from pricing agriculture emissions to voluntary carbon farming
The European Commission is pivoting towards voluntary carbon farming and nature credits in its post-2030 climate agenda, while a long-discussed agriculture emissions trading system (ETS), informally dubbed ETS3 or AgETS, has effectively been shelved.
Read More