FEATURE: Zimbabwe dispute over CORSIA credit eligibility has wider implications for up-and-coming national registries
A dispute over the eligibility of Zimbabwe’s carbon credits for the aviation offsetting scheme CORSIA could serve as a cautionary tale for upcoming national carbon registries – even as Zimbabwe continues to fight for a solution that clears the emission reduction units for take-off.
Read MoreLATAM Roundup: EU’s draft CBAM rules may be a boon for some in the region
Several Latin American countries are poised to benefit from the European Commission’s newly published rules for recognising domestic carbon prices, including carbon credits, paid before products are exported and subject to the EU’s Carbon Border Adjustment Mechanism (CBAM).Â
Read MoreUS forestland manager expands natural capital reporting in operational restructuring
A US forestland manager on Monday announced a management restructuring aimed at expanding its ability to quantify and report environmental benefits beyond carbon, as it said investors are placing greater emphasis on nature-related risks and environmental disclosures.
Read MoreVCM REPORT: CORSIA carbon credit prices tumble amid political uncertainty, benchmark futures slide to 23-month low
Phase 1 CORSIA prices fell sharply again last week, with spot prices for the UN international aviation offsetting scheme bid slipping below $11, while futures contracts slipped to lows not seen for two years after a meeting of EU leaders raised doubts about demand.
Read MoreRyanair ramps up European carbon allowance hedging at higher price
Irish airline Ryanair has reported it has now hedged its entire EU and UK ETS position for the next financial year at a higher price, compared with a year ago.
Read MoreCalifornia bill to protect carbon neutral claims tied to carbon credits fails to advance
A proposal to make it harder to sue companies over some “carbon neutral” claims based on voluntary carbon credits was effectively blocked in the California Assembly on Thursday.
Read MoreCanadian carbon developer narrows net loss in Q1 as CORSIA sales begin
A Canada-based carbon project financier reported a Q1 net loss on Friday that was lower from the previous three-month period while also disclosing first-quarter sales of CORSIA-eligible cookstove credits.
Read MoreLatin American province, airline negotiate sale of CORSIA-eligible units at $23/t -media
A province in South America expects it will soon be issued millions of CORSIA Eligible Emissions Units (EEUs) and is arranging to sell most or all of these to a regional airline at just over $23 per unit, local media has reported.
Read MoreZimbabwe blasts CORSIA decision as “direct attack” on African climate ambitions
Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a “direct attack” on African development and climate goals.
Read More“Where’s the money?”: host govts tired of waiting for CORSIA demand, says developer
Host governments are increasingly tired of waiting for airlines to buy CORSIA-eligible carbon credits, with some projects now pivoting from the UN offsetting scheme to the voluntary market, developers warned.
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