BRIEFING: CORSIA insurance, mirrored registries not a silver bullet, say experts
Carbon insurance to manage political risk, and a dual-layered registry approach to support carbon accounting, are two valuable tools for the UN’s CORSIA international aviation offsetting market – but there are big caveats, according to experts.
Read MoreCDR marketplace signs 40k offtake with aerospace company
A durable carbon removal (CDR) monitoring and purchasing platform has announced a multi-year deal with a US-based aerospace giant to source at least 40,000 CDR credits, building upon prior announcements in the aviation sector.
Read MoreVCM MONTHLY DATA: Carbon credit retirements surge to highest level for 12 months but CORSIA prices tumble
End-user demand across the voluntary carbon market (VCM) was strong in February, with over 25 million credits retired, a level not seen for a year, while prices for those eligible to be used under the CORSIA international aviation offsetting scheme took a tumble as analysts noted that a steady stream of supply may finally be on the cards.
Read MoreCORSIA risks delaying aviation decarbonisation, advocacy group says ahead of EU ETS review
The UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) risks delaying real emissions cuts and weakening incentives for clean fuels, an advocacy group said in a briefing published ahead of the EU’s upcoming review of aviation rules under the bloc’s Emissions Trading System (ETS).
Read MoreBRIEFING: Australia may need 102-250 mln ITMOs to achieve 2035 emissions reduction target -analysis
Australia may soon need to consider the use of Article 6 credits in order to meet its emissions reduction targets, according to analysis shared exclusively with Carbon Pulse.
Read MoreEmissions costs surge almost 400% for a major European airline group
Emission charges including CORSIA, the UN’s cap-and-trade market for international flights, has started to bite airlines after a major European airline group reported an almost 400% rise in costs year-on-year.
Read MoreSIDS locked out of climate finance as funders deem them too risky -report
Small Island Developing States (SIDS) are being systematically shut out of global climate finance despite facing some of the most acute climate impacts, according to a report released Monday that said funders view these nations as too small, fragmented, and risky to support.
Read MoreNorway to exempt EU ETS-regulated industry from domestic CO2 tax, ending ‘double’ carbon pricing
Norway will exempt most industrial installations covered by the EU Emissions Trading System from its domestic CO2 tax starting Mar. 1, marking a major shift in the country’s carbon pricing framework and delivering substantial cost relief to energy-intensive sectors including aluminium, cement, and chemicals.
Read MoreEU warned against erecting trade barriers on green jet fuels
European policymakers should maintain an open and competitive sustainable aviation fuel (SAF) market to avoid supply constraints and rising costs, a renewable fuels producer said Friday in a position paper.
Read MoreIATA to auction 1 mln CORSIA credits in March in test of airline appetite amid falling prices
Up to 1 million CORSIA-eligible cookstove credits will be auctioned by the International Airline Trade Association (IATA) in March that will test whether the spot price has tumbled into a range of $15-16.
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