Global shipping carbon price still on the table as countries agree to continue talks on Net-Zero Framework
Despite persistent attempts by some countries this week to dismantle key elements of the Net-Zero Framework (NZF) for global shipping, including removal of a carbon levy and decarbonisation fund, the framework has survived and is set to form the basis of further discussions.
Read MoreLiberia threatened with development funding cuts if it fails to greenlight CORSIA carbon supply -FT
Liberia faces losing vital development bank support unless it approves the sale of credits eligible under the UN’s international aviation offsetting scheme (CORSIA), the Financial Times reported on Friday.
Read MoreArticle 6 momentum growing but 90% of interested parties on sell side, finds UN
Based on the latest NDCs submitted, over 75% of parties have explicitly indicated their intention to participate in Article 6, but only around one-tenth of these are on the demand side, according to a UN presentation.
Read MoreEU urged to tie international credit procurement to countries planning mandatory carbon pricing
The European Union should make access to its carbon credit market conditional on countries adopting mandatory emissions pricing systems, according to new policy recommendations.
Read MoreDutch carbon developer waits for Kenyan LoA to stave off liquidity squeeze
A Dutch project developer is waiting on a Letter of Authorisation (LoA) for Article 6 trade from Kenya to stave off the need for further capital raising or scaling back operations, it revealed in its annual report on Friday.
Read MoreLaunch of first climate change trust fund for an overseas territory
The Virgin Islands has launched a climate change trust fund, marking the first legally constituted trust of its kind designed to bridge the gap between global climate finance and local implementation.
Read MoreUS-based NGO launches public consultation on power sector carbon crediting standard draft
A climate-focused non-profit opened a public comment period for its carbon crediting standard focused on emissions reductions within the electric power sector, according to a Thursday announcement.
Read MoreEU upgrades platform to track aviation’s non-CO2 climate impact
The European Commission released on Thursday the third version of the Non-CO2 Aviation Effects Tracking System (NEATS), introducing a new platform for monitoring the sector’s wider climate impact under the EU Emissions Trading System (EU ETS).
Read MoreBRIEFING: African cookstoves developer secures latest LoA with DRC, touting enthusiasm for projects
A Kenya-based cookstoves developer has received an Article 6 Letter of Authorisation (LoA) from the Democratic Republic of Congo (DRC), prefacing intent to sell state-sanctioned carbon credits under the UN’s CORSIA aviation offsetting scheme.
Read MorePhilippines inks first bilateral Article 6 agreement with Singapore
Singapore and the Philippines on Thursday signed a bilateral implementation agreement under Article 6 of the Paris Agreement, marking Manila’s first such deal to transfer carbon credits and further expanding the city-state’s growing portfolio.
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