VCM REPORT: CORSIA curve falls amid jet fuel crisis, carbon credit issuance levels crash lower year-on-year
CORSIA prices dropped last week amid the global jet fuel crisis, although the latest leaked memo from Brussels about tightening carbon credit restrictions for the international aviation offsetting scheme has also played a role, analysts said.
Read MoreINTERVIEW: Colombian players push carbon market reforms to election frontrunners
Industry stakeholders are presenting proposals to revive Colombia’s domestic carbon market to presidential candidates, including the elimination of an offsetting cap, and instituting a carbon credit price floor.
Read MoreANALYSIS: New EU ETS benchmarks neutral for market with ‘fallback’ values unchanged
Leaked draft benchmarks, which are expected to be the final set of values, that will determine how many free carbon permits industrials receive under the EU ETS across 2026-30, are not likely to have a major impact on market prices, analysts have said, with one team forecasting an overall 4 Mt/year increase in handouts over the period, compared to the previous draft.
Read MoreBRIEFING: World on cusp of recession amid oil crisis, but market set for glut if Middle East conflict subsides
Spiralling oil and gas prices due to conflict in the Middle East have left the world on the brink of recession, which would add heavy pressure to EU carbon prices amid industrial demand destruction, but the short-term shortage in barrels will likely give way to a wave of supply further down the line if there is a truce in hostilities, analysts have said.
Read MoreDATA DIVE: April NZ ETS data sees registration slump go on
The number of applications to submit land to New Zealand’s ETS remained in single digits in April, according to government data published Thursday.
Read MoreFEATURE: Colombian nature markets advance in structural foundations for imminent scale-up
Colombia has served as a laboratory for emerging nature markets as a megadiverse country, where, after several years of testing, both compliance and voluntary markets now have the pieces in place to enter a new phase of scalability.
Read MoreBRIEFING: Multilateral work on fossil fuel transition must address root causes, not just symptoms, landmark conference hears
The global transition away from fossil fuels must address deep issues like fiscal reliance, constrained energy access, price distortions, poorly aligned domestic policies, and limited multilateral architecture, the Santa Marta conference in Colombia heard this past week.
Read MoreBRIEFING: African cookstoves developer secures latest LoA with DRC, touting enthusiasm for projects
A Kenya-based cookstoves developer has received an Article 6 Letter of Authorisation (LoA) from the Democratic Republic of Congo (DRC), prefacing intent to sell state-sanctioned carbon credits under the UN’s CORSIA aviation offsetting scheme.
Read MoreBRIEFING: Canadian investors endorse new sustainable finance taxonomy, but warn federal backing is make-or-break
Canadian investors broadly support the development of a national sustainable finance taxonomy, but its effectiveness will depend on clear federal policy backing and integration into regulatory frameworks, according to a new survey.
Read MoreINTERVIEW: Brazilian state launches water credit system
A northeastern state in Brazil is preparing to launch a system to enable the generation, certification, and trading of voluntary water credits across the country.
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