Officials set out plans on Article 6.4 removals crediting, seek expert input
The Supervisory Body for the UN’s new crediting mechanism has issued recommendations on carbon removals and called on experts to help finalise its guidance, despite fears that the ideas are too vague.
Read More‘Gold plating’ offsets could be damaging, warns standards body
‘Gold plating’ certain types of offset credits in the drive to improve integrity in the voluntary carbon market (VCM) could prove detrimental in combating global warming, a markets standards body warned on Thursday.
Read MoreAirline lobby IATA backs off plan to weaken CORSIA emissions baseline
Air carriers’ association IATA on Wednesday scrapped its request for a less ambitious CORSIA emissions baseline, setting the stage for the ICAO Assembly to adopt the slightly more ambitious compromise proposal put forth by the UN body’s Council.
Read MoreANALYSIS: Japan seeks Asian region to adopt broader use of technologies for lower emissions path
Japan is seeking to enhance its role in the promotion and financing of low carbon projects in Asia, with a focus on kickstarting what officials term “transition technologies” that would nevertheless prolong the use of fossil fuel consumption if the emissions generated from that use, such as in power generation, are reduced or abated by those technologies.
Read MoreHK-listed firm signs 2 Mt carbon credit deal with Singapore trading company
A Hong Kong-listed investment company has signed a carbon credits transaction agreement with a Singaporean trading company involving the purchase of 2 million voluntary carbon credits, it announced on Thursday.
Read MoreCarbon removal business set to return trillions for early investors -report
The nascent carbon removal market is set to accelerate to maturity as a record year of investment pledges this year is bolstered by several underlying market dynamics, according to a report published on Thursday.
Read MorePlatform offers 9 mln national-scale carbon units, bigger volumes loom
Some nine million national-scale deforestation reduction credits have again been made available to the voluntary carbon market this week, with initial buying limited but far greater potential volumes promised within weeks.
Read MoreFungibility obstacles: whales, dolphins and other carbon credit attributes
Some carbon project developers care less about climate outcomes than they do about protecting nature or supporting vulnerable communities, a virtual event heard Wednesday – a stance that risks complicating fungibility for a market already struggling to simplify trading.
Read MoreColombia’s new administration seen setting limits on offset usage in carbon tax reforms
Carbon tax reforms recently unveiled by Colombia’s newly elected leftist President Gustavo Petro are viewed by some observers as including controversial provisions that impose new limits on the use of offsets, measures that are causing confusion amongst stakeholders and potentially dimming the prospects for the passage of the legislation.
Read MoreRating agency awards two fresh grades, puts one more on watch
A carbon credit ratings agency has given a cookstove project in Nepal and a group of hydropower plants in China, both accredited by Verra, a reasonable chance of avoiding a tonne of CO2
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