Rail to help spur clean hydrogen boom, with potential to rival renewables -report
Green hydrogen costs are approaching a level where hydrogen-fuelled rail transport can be viable under existing post-pandemic recovery schemes with carbon pricing and other support given current price trends in the sector, bank analysts said in a report this week.
Read MoreMark Carney isn’t the only one confused by net zero definitions
Former Bank of England Governor Mark Carney has created some great things, including the Taskforce on Scaling Voluntary Carbon Markets (TSVCM), but he still managed to flub the basics of net zero accounting in a high-profile interview, wherein he claimed – wrongly – that the company he works with is “in a position today where we are net zero” because of its investments in renewable energy and “all the avoided emissions that come with that.”
Read MoreUS carrier Delta to purchase 13 mln carbon offsets for 2020 emissions
Delta Air Lines announced plans on Thursday to spend more than $30 million on voluntary emissions reductions (VERs) to offset its GHG output last year, with the company slated to include forestry projects that reduce, avoid, and remove emissions in its portfolio.
Read MoreVerra sets out emissions baseline changes for multi-level REDD frameworks
Offset standard developer and manager Verra announced plans on Thursday to revise the methods for setting reference levels under its VCS project-level and Jurisdictional and Nested REDD+ (JNR) programmes, aiming to streamline emissions accounting and incorporate scientific best practices.
Read MoreWorld needs $160/t carbon price by 2030 to meet 1.5C target -Woodmac
Global carbon prices need to rise to about $160/tCO2e over the next decade to support the economic transition necessary to limit global warming to 1.5C, according to consultants Woodmac.
Read MoreUK seeks to position London as global offset trading hub, maintains carbon price floor
A former stock exchange boss has been tasked with positioning London as the global centre for offset trading, the UK’s finance minister said Wednesday, in a mixed budget for climate action that included freezing the country’s carbon floor price for another year.
Read MoreCOMMENT: New claims for a new era of private sector carbon finance
The voluntary carbon market can build a common understanding for a new financing claim beyond offsetting that represents the same commitment of taking responsibility for unabated emissions by mitigating carbon beyond boundaries, writes Sarah Leugers of Gold Standard.
Read MoreCarbon Pulse strengthens unrivalled voluntary markets coverage with expert ‘Net Zero’ hire
(Free read) – Carbon Pulse has significantly strengthened its unrivalled voluntary markets coverage by hiring one of the longest serving environmental journalists on the beat and a world renowned expert in the role of forestry and other land uses in combatting climate change.
Read MoreDutch traders Vitol to offer carbon-neutral LNG product
Energy and commodity trading group Vitol said Monday that it will use voluntary emission reductions (VERs) to offer carbon-neutral liquified natural gas (LNG) to its customers, building on a raft of similar approaches and deals from fossil fuel companies in recent months.
Read MoreOffset developer Aera sells minority stake to help fund expansion plans
African offset developer Aera has sold a 35% stake to public-private infrastructure firm Arise, aiming to help fuel its expansion plans and tap Asian demand.
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