CIX to launch CORSIA carbon credit spot contract

Published 03:06 on December 12, 2024  /  Last updated at 03:31 on December 12, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Paris Article 6, Voluntary

Singapore-based Climate Impact X (CIX) Thursday announced plans to launch its first standardised physical spot contract for Eligible Emissions Units (EEUs) under the CORSIA international aviation offsetting scheme.

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Zimbabwe’s sovereign REDD baseline is transparent, complete, say UN assessors

Published 23:04 on December 11, 2024  /  Last updated at 23:04 on December 11, 2024  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

A UN technical assessment team has concluded that the data and information used by Zimbabwe to construct its official forest carbon baseline are transparent, complete, and aligned with UN REDD guidance, potentially opening the country up to future sovereign forestry credit issuances.

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Large investors in $2.82-bln bid to take Asian renewable energy, carbon project developer private

Published 22:30 on December 11, 2024  /  Last updated at 22:30 on December 11, 2024  /  Americas, Asia Pacific, International, Other APAC, US, Voluntary

A consortium of large investors has bid to take one of Asia’s largest carbon offset project developers private.

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Voluntary carbon credit standard partners with registry, exchange operators

Published 22:01 on December 11, 2024  /  Last updated at 22:01 on December 11, 2024  /  Africa, Asia Pacific, EMEA, International, Middle East, Nature-based, Other APAC, US, Voluntary

A major voluntary carbon credit standard has signed two partnership agreements with registry and exchange operators aimed at enhancing the market by improving transparency, liquidity, and integrity in transactions.

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FEATURE: EU weighs touchy question of whether to count international carbon credits towards CBAM

Published 15:03 on December 11, 2024  /  Last updated at 11:00 on December 13, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, International

The EU is weighing how its Carbon Border Adjustment Mechanism (CBAM) should treat the international credits included in the carbon pricing schemes of other countries — with climate experts and industry representatives divided on whether these should be deductible from border fees.

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Korean researchers find copper-zinc metal mix can put captured carbon to use

Published 12:36 on December 11, 2024  /  Last updated at 12:36 on December 11, 2024  / /  Asia Pacific, International, Other APAC

Researchers have found a potential new way of using CO2 to create valuable products such as fuel, a Korean university announced on Wednesday.

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Asia Pacific shipping sector faces 100 Mt/year CCS challenge, report finds

Published 11:30 on December 11, 2024  /  Last updated at 11:30 on December 11, 2024  / /  Asia Pacific, Australia, International, Japan, Other APAC, Shipping, South Korea, Voluntary

Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.

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Growth in SAF production ‘disappointingly slow’ -IATA

Published 11:28 on December 11, 2024  /  Last updated at 11:28 on December 11, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International

The production of sustainable aviation fuel (SAF) is growing in volume, but at a very slow rate, industry association International Air Transport Organisation (IATA) said this week.

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Govt climate advisors urge UK to make new Paris Agreement pledge credible

Published 00:01 on December 11, 2024  /  Last updated at 17:13 on December 9, 2024  / /  Climate Talks, EMEA, International

The UK needs to make its ambitious emissions reduction targets credible by closing the “domestic delivery gaps” and speeding up the roll-out of clean transport, home heating, and tree planting, the government’s independent climate advisory body said on Wednesday.

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European aviation needs more than new tech, carbon pricing to decarbonise, finds report

Published 13:46 on December 10, 2024  /  Last updated at 14:03 on December 10, 2024  / /  Aviation/CORSIA, EMEA, International

Beyond technological innovation and existing carbon pricing mechanisms, decarbonising aviation in the EU needs stronger policy measures that make the polluter pay, subsidies for clean energies, and promote alternatives to flying, new research has found.

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