New risk service targets due diligence gaps in CDR market
A new risk intelligence service launched on Tuesday aims to give buyers and investors in carbon removal (CDR) projects clearer, data-driven insight into project viability and exposure across an expanding but still largely unregulated market.
Read MoreCivil society groups call for Brussels to extend scope of EU ETS to all departing flights
Civil society and industry representatives are urging the European Commission to extend the scope of the EU Emissions Trading System (ETS) to all departing flights from Europe, in a bid to bolster the aviation sector’s emissions coverage and carbon price signal.
Read MoreBRIEFING: Malaysia bets on Article 6 for conditional cuts in carbon market policy
Malaysia has launched its National Carbon Market Policy (DPKK), setting out a framework to develop a domestic market and tap international finance under the Paris Agreement to help deliver on conditional emissions reduction targets.
Read MoreVCM REPORT: CORSIA prices strengthen, Indonesia opens up to international carbon market after three years
Spot credits for Phase 1 of CORSIA traded around $14 this week, while the ending of Indonesia’s moratorium on selling voluntary carbon units internationally looks set to unleash a flood of fresh REDD issuances onto the market.
Read MoreCost of meeting CORSIA offset demand may hit $2 bln for 2025 emissions
The cost of meeting demand for CORSIA-Eligible Emissions Units (EEUs) in 2025, at current market prices and based on expected sectoral growth figures, could near $2 billion, according to industry data presented at the Colombia Carbon Forum last week.
Read MoreCORSIA carbon credits clear above $14 in first auction by Doha-based organisation
A Qatar-based carbon market initiative has completed its first auction of CORSIA-eligible credits, with units from a Cambodian clean water project clearing above a $14/tonne floor, it announced Monday.
Read MoreEU planning measures to stave off jet fuel crisis -media
The European Union is drafting plans to tackle a looming jet fuel supply crunch and maximise refinery output, officials have told Reuters, amid news a major airline is already set to cut flights due to high jet fuel prices.
Read MoreStudy puts climate loss and damage far higher than current estimates, with future costs dominating
A new study has put a price tag on climate “loss and damage” at levels far above many existing benchmarks, finding that the bulk of harm from past emissions has yet to be felt and could run into tens of trillions of dollars globally.
Read MoreVerra rice methodology approved for first two CORSIA phases
The International Civil Aviation Organization (ICAO) has approved a Verra methodology for the improved management of rice systems for use in the first two compliance phases of UN aviation sector offsetting scheme CORSIA, the standard announced on Thursday.
Read MoreParaguay expects to surpass $1 bln in carbon credit deals with Singapore, says ministry
Paraguay’s government expects investments from Singapore in its carbon credit projects to exceed $1 billion, a minister said on Wednesday.
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