Biomass-based carbon removal outperforms DAC, ERW in efficiency -study

Published 14:24 on February 5, 2025  /  Last updated at 14:24 on February 5, 2025  / /  Americas, International, Nature-based, US, Voluntary

Biomass-based carbon removal and storage (BiCRS) methods achieve higher CO2 retention than direct air capture (DAC) and enhanced rock weathering (ERW), according to new scientific research assessing the efficiency and energy use of 12 engineered carbon removal technologies.

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Carbon crediting, regulatory support can boost LATAM aviation decarbonisation amid SAF shortage -report

Published 23:51 on February 4, 2025  /  Last updated at 23:51 on February 4, 2025  / /  Americas, Aviation/CORSIA, International, Nature-based, South & Central, Voluntary

Increasing homegrown carbon credit supply and instituting comprehensive regulatory frameworks can help airlines in Latin American and the Caribbean meet compliance requirements under the UN’s CORSIA aviation offsetting scheme amid a shortage of sustainable aviation fuel (SAF), according to a report published last week.

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Kenya draft carbon regulation to impose trading cap, could withhold ITMOs

Published 20:28 on February 4, 2025  /  Last updated at 20:28 on February 4, 2025  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

Kenyan draft carbon regulations would establish a ‘carbon budget for trading’ for each UN target-setting period and empower the government to withhold Paris Article 6 ITMO credits in the course of project authorisation, among other provisions.

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VCM MONTHLY DATA: Millions of Shell retirements fail to stop January slump

Published 18:45 on February 4, 2025  /  Last updated at 10:52 on February 5, 2025  / /  Americas, Asia Pacific, Data Dive, EMEA, International, Nature-based, Voluntary

Oil major Shell retired more than 5 million carbon credits in January across the major registries – but even with that contribution, total retirements for the month fell year-on-year.

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Thai bourse partners with global exchange to develop carbon market infrastructure

Published 18:33 on February 4, 2025  /  Last updated at 18:33 on February 4, 2025  / /  Asia Pacific, International, Nature-based, Other APAC, Voluntary

The Stock Exchange of Thailand (SET) has entered into an agreement with an international exchange operator to advance the country’s carbon market development, the partners announced Tuesday.

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Philippines lawmakers approve carbon trading bill

Published 17:56 on February 4, 2025  /  Last updated at 17:56 on February 4, 2025  / /  Asia Pacific, International, Nature-based, Other APAC, Paris Article 6, Voluntary

The Philippines House of Representatives on Tuesday approved a bill that would set up a domestic emissions trading scheme with offset provisions as well as task the government with establishing a framework for trading carbon credits under the Paris Agreement.

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LNG ships drive methane higher, as CO2 emissions also rise -EU agencies

Published 17:50 on February 4, 2025  /  Last updated at 17:50 on February 4, 2025  / /  EMEA, EU ETS, International, Shipping

Some progress has been made but reducing CO2 remains a challenge for European shipping, while the increased use of LNG-fueled vessels has led sectoral methane emissions to at least double in the past five years, a joint environmental study by two EU agencies found on Tuesday.

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Norway must finalise emissions accounting with EU before sealing Article 6 carbon trade deals

Published 15:41 on February 4, 2025  /  Last updated at 15:41 on February 4, 2025  / /  Climate Talks, EMEA, International, Paris Article 6

Norway is waiting to finalise important technical elements of its cooperation with the EU on emissions accounting and climate policy before advancing any deals for international carbon trade under the Paris Agreement, it confirmed in a transparency report published on Tuesday.

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Australian port association releases first ever emissions guidelines for tricky sector

Published 13:01 on February 4, 2025  /  Last updated at 12:54 on February 4, 2025  / /  Asia Pacific, Australia, International, Shipping

Ports Australia has released reporting guidelines for ports covering Scopes 1, 2, and 3 greenhouse gas emissions, a first of its kind in the country.

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“Big deal” as scientists find most US methane emissions go undetected

Published 13:00 on February 4, 2025  /  Last updated at 11:38 on February 4, 2025  / /  Americas, EMEA, International

A total 70% of methane emissions from US onshore oil and gas activities comes from smaller, dispersed sources, according to new scientific research published on Tuesday, which calls into question Europe’s growing reliance on imported American LNG.

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