UN climate chief hails China as climate leader, urges it to speed Asia coal phaseout
UN climate chief Simon Stiell on Thursday lauded China as a global climate leader and called on Beijing to help its region in phasing out coal amid mounting energy security challenges.
Read MoreZimbabwe blasts CORSIA decision as “direct attack” on African climate ambitions
Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a “direct attack” on African development and climate goals.
Read MoreâWhere’s the money?â: host govts tired of waiting for CORSIA demand, says developer
Host governments are increasingly tired of waiting for airlines to buy CORSIA-eligible carbon credits, with some projects now pivoting from the UN offsetting scheme to the voluntary market, developers warned.
Read MorePhase 1 CORSIA carbon credit prices tumble, spot bids drop to under $11
Phase 1 CORSIA prices slipped on Wednesday, with spot prices for the international aviation offsetting scheme bid under $11, an exchange said.
Read MoreAirline demand trails growth in CORSIA carbon credit supply, new analysis finds
New analysis has revealed a widening imbalance between the supply of carbon credits eligible under the aviation industryâs CORSIA offsetting scheme and still-limited airline demand.
Read MoreAviation emissions concentrated at handful of major airports -report
A small group of major airports accounted for a disproportionate share of global aviation emissions in 2023, with the three highest-emitting hubs producing three times as much CO2 as the city of Paris, according to an updated airport emissions tracker and accompanying report released Wednesday.
Read MoreEU to suggest pragmatic methane law, as civil society groups step up scrutiny
The European Commission is preparing for a âpragmatic implementationâ of the EU Methane Regulation, with a chance that the executive will propose further guidance to companies in an upcoming unofficial paper, sources told Carbon Pulse.
Read MoreNew ITMO registry for Article 6 trade seeks to mop up CDM carbon credits
A carbon platform has launched a specific ITMO registry ahead of the closure of the UNâs Clean Development Mechanism (CDM), while also claiming voluntary players will have the âlowest costâ for trading credits that have been granted approval for Article 6 trade under the Paris Agreement.
Read MoreGuyana J-REDD+ programme âalready alignedâ with ICVCMâs CCP label, govt claims
Guyanaâs national jurisdictional REDD+ (J-REDD+) programme, which currently uses the ART TREES v2.0 âhigh forest, low deforestationâ (HFLD) methodology, is âalready alignedâ with the Integrity Council for the Voluntary Carbon Marketâs (ICVCM) Core Carbon Principles (CCP) label, the government has claimed â even though the ICVCM has rejected this protocol for a CCP seal.
Read MoreMultilateral facility supported ITMO generation potentially worth over $500 mln in 2025
A South Korea-based multilateral climate finance facility last year supported mitigation programmes that could generate over $500 million in Internationally Transferred Mitigation Outcomes (ITMOs), also hitting other milestones, according to its annual report.
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