France seeks allies to stop EU ETS extension to international flights
France is trying to rally other EU governments to oppose the extension of the EU Emissions Trading System (ETS) to flights departing the bloc, and plans to raise the issue at a ministerial meeting on Monday, Carbon Pulse understands.
Read MoreFEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read MoreBrussels takes Spain and Poland to court over failure to implement ETS rules
The European Commission has referred Spain and Poland to the EU Court of Justice for failing to transpose revised emissions trading rules into national law, more than two years after the deadline passed.
Read MoreLACS26: INTERVIEW – Verra sees Misiones approval as slingshot for new wave of jurisdictional REDD+ programmes
Several governments across Latin America and the Caribbean are studying how to replicate Argentina’s Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra’s Jurisdictional and Nested REDD+ (JNR) Framework, the standard’s regional representative told Carbon Pulse.Â
Read MoreEU aviation, shipping decarbonisation held back by weak project economics -report
High sustainable fuel costs, policy uncertainty, and limited long-term offtake agreements are holding back private finance for the decarbonisation of EU aviation and shipping, despite growing policy support for cleaner fuels, according to a report published Wednesday.
Read MoreNearly 600 mln eligible CORSIA credits held up in LoA bottleneck, finds rating agency
The bottleneck in host countries approving projects for CORSIA, the international aviation offsetting scheme, is holding back nearly 600 million eligible credits to date, a ratings agency has found.
Read MoreCarbon removals vulnerable to uncertain demand, concentration -report
Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.
Read MoreVCM REPORT: CORSIA prices struggle to recover despite hopes for post-war demand rebound
CORSIA prices failed to rebound last week, with price assessments for eligible units down by more than 12% week-on-week and benchmark ICE futures dipping below $10/tonne amid higher jet fuel prices, even as market executives expressed hope for resurgence in demand once the Middle East conflict ends.
Read MoreLATAM Roundup: Article 6 snaps up tech-based solutions as REDD+ keeps grip on VCM
For now, technology-driven activities dominate Latin America’s Article 6.2 Letters of Authorisation (LoAs), in a departure from the REDD-heavy profile of the local voluntary market (VCM) – but jurisdictional REDD+ (J-REDD+) is poised to flood both systems, Carbon Pulse has reported.
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