SAF industry must move beyond competing technologies to scaling production, experts say
Scaling sustainable aviation fuel (SAF) production, rather than competing over technologies, is now the industry’s biggest challenge, experts said on Thursday.
Read MoreIndia carbon market coalition launches platform for Article 6 projects
India’s carbon market coalition on Friday launched the Article 6 Carbon Bazaar, a new industry platform to support participation in international carbon markets under the Paris Agreement.
Read MoreBRIEFING: Australia still wary of international units, as questions linger over what they should be used for
The Australian government remains cautious about the use of international carbon credits for domestic purposes, as some argue they could help provide high integrity flexibility for polluters, while others have urged caution about their impacts on encouraging onsite abatement.
Read MoreEU rallies behind Cyprus as Turkiye excludes it from COP31 preparations
EU member states and the European Commission have condemned this year’s host of the international climate talks, Turkiye, for inviting only 26 of the 27 countries of the bloc to the COP31 conference and excluding Cyprus from preparatory climate talks.
Read MoreEU to propose more dynamic ETS supply controls, slower emissions cap decline -reports
The European Commission is preparing a broad overhaul of the EU ETS that would introduce more dynamic controls over allowance supply, recalibrate the market’s emissions trajectory, and extend support for industrial decarbonisation, according to a media report citing people familiar with the plans.
Read MoreEU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreLCAW26: CBAM is the stick, Article 6 the carrot, and market instruments the tool to implement, says commodities trader
The clearest route to scaling carbon markets is to penalise emissions using carbon border fees and reward low-carbon intensity products through the use of market instruments such as book-and-claim and environmental attribute certificates (EACs), according to a representative of a global commodities trading house.
Read MoreAfrica roundup: Kenya surprises the market, while others press ahead with Article 6 prep
Kenya, a regional frontrunner in the race to attract carbon trading, took many in the market by surprise this month when it announced it would limit its Article 6 credit transfers despite already having a big existing project pipeline – in another sign of the uncertainties surrounding Sub-Saharan Africa’s up-and-coming carbon markets.
Read MoreLCAW26: INTERVIEW – Japanese govt should look beyond domestic carbon market to international credits, investor group says
The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).
Read MoreAlgeria sets 14% emissions cut goal by 2035, eyes Article 6 cooperation
Algeria pledged to reduce its greenhouse gas emissions by 14% below business-as-usual levels by 2035, according to its updated Nationally Determined Contribution (NDC), with the country signalling its intent to use the Paris Agreement’s Article 6 cooperation mechanisms.
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