Biogas carbon project secures approval from Kenya, eyes Article 6, CORSIA trade
A Kenyan biogas project has announced it has secured formal approval from the country’s government, eyeing Article 6 trade, just days after a government minister said the number of credits allowed for international sale would be limited to around 10 million until 2030.
Read MoreClean aviation firms urge Brussels to extend EU ETS to long‑haul flights
A coalition of European clean aviation technology firms has urged the European Commission to extend the EU’s Emissions Trading System (ETS) to international flights, directly challenging an earlier push by major airlines and six EU governments to curb or delay higher carbon charges on the sector.
Read MoreFragmented carbon credit rules could let developers “shop around” for weaker safeguards, report warns
Divergent rules for managing carbon reversal risks could weaken market integrity and encourage project developers to choose less demanding standards, according to a report released Thursday.
Read MoreEU emissions fall 17% since 2015 as economy continues to grow
Greenhouse gas emissions across the EU have fallen by more than 17% over the past decade, even as the bloc’s economy expanded, according to fresh data released by Eurostat.
Read MoreSB64: BRIEFING – PACM influence on carbon markets extends far beyond Article 6.4, experts say
The Paris Agreement Crediting Mechanism (PACM), a UN-regulated carbon market grounded in Article 6.4 rules, is guiding national frameworks, voluntary market (VCM) standards, and even other UN schemes, experts and country delegates said on the sidelines of climate talks in Bonn.
Read MoreCarbon broker, energy trader launch second auction for CORSIA-labelled credits
An environmental commodities broker and an energy trader have launched a second carbon auction, offering 100,000 Article 6- and CORSIA-labelled credits.
Read MoreSB64: Status quo falls short of Belem biofuels pledge, but policy signals can drive growth -panellists
The status quo will be insufficient to reach a Belem pledge to quadruple the use of sustainable fuels by 2035, but the right policy signals and can help drive growth in the emerging sector, experts said during mid-year UN climate talks.
Read MoreANALYSIS: Kenya’s limit on ITMO sales highlights Article 6 supply constraints, and may force developers back onto VCM
Kenya’s recent announcement that it will limit Article 6 transfers to 10 million Internationally Transferred Mitigation Outcomes (ITMOs) between 2026 and 2030 surprised many market participants, particularly given the scale of the country’s existing carbon project pipeline, and may signal a fundamental shift for project developers relying on voluntary prices currently languishing in single-digit figures.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreVCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
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