Voluntary carbon credit retirements maintain pace in February, on track to reach 233 mln this year

Published 15:47 on March 1, 2024  /  Last updated at 09:15 on March 2, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, EMEA, International, Japan, Middle East, Nature-based, New Zealand, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

Retirements of credits from the four largest voluntary carbon registries reached nearly 18 million last month, maintaining the momentum seen in January, data from the Carbon Pulse VCM Portal shows.

Read More

Deep sea mining has ‘poor’ market prospects, report warns

Published 12:37 on March 1, 2024  /  Last updated at 12:37 on March 1, 2024  / Giada Ferraglioni /  Biodiversity, International

Investors should think twice before backing the deep sea mining (DSM) industry due to high financial risks related to technological challenges and poor market opportunities, a newly released report has found.

Read More

PREVIEW: Transport carbon accounting rules set for key EU vote

Published 11:10 on March 1, 2024  /  Last updated at 08:56 on March 2, 2024  / Frédéric Simon /  Aviation/CORSIA, EMEA, International, Shipping

Lawmakers in the European Parliament are voting on Monday a proposal to harmonise the way carbon emissions from transport are counted across the EU, with debates focusing on the choice of methodology and whether to include emissions from international freight.

Read More

Global energy-related CO2 emissions up, but lower than expected -IEA

Published 11:04 on March 1, 2024  /  Last updated at 11:04 on March 1, 2024  / Helen Clark /  Americas, Asia Pacific, China, EMEA, International, US

The world’s energy-related CO2 emissions rose 1.1%, or 400 million tonnes, to hit new highs in 2023, but would have been even higher were it not for rapid uptake of cleaner energy, whose installation rose 75% over 2022 alone to 540 gigawatts, the International Energy Agency (IEA) said Friday.

Read More

International Big Cat Alliance set for launch after India cabinet approval

Published 09:39 on March 1, 2024  /  Last updated at 09:39 on March 1, 2024  / Nikita Pandey /  Asia Pacific, Biodiversity, International, Other APAC

India’s cabinet this week approved the establishment of the International Big Cat Alliance (IBCA), first announced in 2023.

Read More

UNDP, VCMI sign cooperative agreement to bolster carbon market readiness in developing countries

Published 01:58 on March 1, 2024  /  Last updated at 01:58 on March 1, 2024  / Mark Tilly /  Africa, EMEA, International, Nature-based, Voluntary

The UN Development Programme (UNDP) has signed a cooperation agreement with the Voluntary Carbon Market Integrity Initiative (VCMI) to boost developing countries’ participation in carbon markets, they announced Friday.

Read More

British Airways owner IAG inks deal to secure almost 1 bln litres of SAF over 14 years

Published 22:54 on February 29, 2024  /  Last updated at 22:54 on February 29, 2024  /  Americas, Aviation/CORSIA, EMEA, EU ETS, International, UK ETS, US, Voluntary

International Airlines Group (IAG) has agreed to buy almost a billion litres of sustainable aviation fuel from a California-based producer, bringing the British Airways owner a third of the way to reaching its 2030 SAF goal.

Read More

INTERVIEW: Puro to apply for CORSIA eligibility, issue credits from three more voluntary carbon methodologies

Published 15:49 on February 29, 2024  /  Last updated at 10:21 on March 1, 2024  / Rebecca Gualandi /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, EU ETS, International, Paris Article 6, UK ETS, Voluntary

Voluntary carbon removals standard Puro.earth will issue credits under three further methodologies this year and formally apply to have its units approved under the current phase of the UN’s CORSIA aviation offsetting scheme, the company’s CEO told Carbon Pulse.

Read More

Oil majors still incentivise fossil growth via executive pay despite energy transition strategies -report

Published 15:32 on February 29, 2024  /  Last updated at 15:34 on February 29, 2024  / Roy Manuell /  Americas, Asia Pacific, EMEA, International, US, Voluntary

Research from a financial think tank highlights that oil and gas companies still reward executives for expanding fossil fuel production, in spite of commitments to energy transition targets and climate policies.

Read More

Drax posts tenfold increase in profits to reignite BECCS row

Published 14:58 on February 29, 2024  /  Last updated at 15:01 on February 29, 2024  / Paddy Gourlay /  EMEA, International, Voluntary

The operator of the UK’s largest power station has seen its profits jump more than tenfold to reignite criticism of its bioenergy with carbon capture and storage (BECCS) operations.

Read More