Sweden, Switzerland sign carbon removal credit trading deal
Sweden and Switzerland have signed a new cooperation agreement on international trading of negative CO2 emissions.
Read MoreMorocco, Norway seal Article 6 agreement
Morocco and Norway on Tuesday signed a bilateral agreement under Article 6.2 of the Paris Agreement to support deployment of renewable energy in the North African country.
Read MoreOver-reliance on SAF under CORSIA could significantly hurt LAC air traffic, report says
Latin America and the Caribbean’s (LAC) aviation sector could face steep traffic losses if net zero targets and compliance with the UN’s CORSIA decarbonisation scheme rely too heavily on sustainable aviation fuel (SAF), even as SAF production looks promising for the region, according to a recent industry-backed study.
Read MoreUN climate panel scraps extreme scenarios -media
The Intergovernmental Panel on Climate Change (IPCC) is refocusing its work on mid-range pathways that imply around 3-3.5C global warming by 2100, media outlets have reported.
Read MoreVCM REPORT: CORSIA curve falls amid jet fuel crisis, carbon credit issuance levels crash lower year-on-year
CORSIA prices dropped last week amid the global jet fuel crisis, although the latest leaked memo from Brussels about tightening carbon credit restrictions for the international aviation offsetting scheme has also played a role, analysts said.
Read MoreArticle 6 experts weigh plan to repurpose voluntary credit cancellation platform as 2026 deadline nears
UN officials are considering whether to repurpose an existing voluntary carbon credit cancellation platform to support the Paris Agreement’s Article 6.4 mechanism, as the current system under the Kyoto Protocol approaches closure at the end of 2026.
Read MoreBrussels consultation exposes ongoing divide over role for carbon offsets, removals in EU
Environmental NGOs and carbon market advocates remain divided over how far the EU should rely on carbon removals, international credits, and other market-based flexibilities for the next phase of its climate policy, according to submissions to a European Commission consultation on post-2030 national targets.
Read MoreUN publishes draft Article 6.4 registry rules as PACM edges closer to full operation
Experts working to operationalise the UN’s Paris Agreement Crediting Mechanism (PACM) have published a new draft registry procedure that will be considered at an upcoming crunch meeting of the Article 6.4 Supervisory Body.
Read MoreIntermediate crops for SAF not a quick fix for EU’s airlines -study
Biofuel crops grown between food harvest cycles or on low-quality land, so-called ‘intermediate crops’, is not an easy win for the aviation sector in Europe, warns a new study.
Read MoreSouth Korean utility eyes carbon project potential in global landfill sector
A subsidiary of Korea Electric Power Corporation (KEPCO) has entered into a partnership to jointly develop international GHG reduction projects within the landfill sector.
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