Carbon credit financier looks to cash in by converting CORSIA-eligible inventory
A Toronto-based carbon credit financier has tentative plans to transition its carbon credit inventories to one of the voluntary carbon standard methodologies recently approved for Phase 1 of CORSIA (2024-26) by the UN aviation body ICAO, although it is still awaiting formal guidance from Verra.
Read MoreZimbabwe awards Sri Lankan firm licence to build its national carbon registry
Zimbabwe has awarded a Sri Lankan firm the contract to develop its national carbon registry, as part of efforts to advance its climate policies and align with Article 6 of the Paris Agreement.
Read MoreDozens of airlines scoop up CORSIA credits “in the low $20s” at special auction -sources
Dozens of airlines have purchased several hundred thousand CORSIA-eligible carbon credits in a special auction organised earlier this month by the Guyanese government, trading firm Mercuria, and exchange operator CBL Xpansiv, sources said.
Read MoreEU ETS revenues can help to scale up clean shipping and aviation fuels -analysis
Using just some of the revenues from taxing pollution from airplanes and ships could be used to cover the higher cost of lower-carbon fuels, according to analysis published on Monday.
Read MoreVCM Report: Retirement levels drop, market subdued amid ICVCM, CORSIA confusion
Retirement levels of voluntary carbon credits were relatively low last week to dash hopes of a year-end flurry, while drama around a recent REDD+ decision from the Integrity Council for the Voluntary Carbon Market (ICVCM) brought the Core Carbon Principles (CCPs) badge of quality into the spotlight.
Read MoreUK govt launches consultation on implementing CORSIA
The UK Department for Transport (DfT) has launched a consultation on Monday laying out proposals for how to implement the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), including potential fines for non-compliance.
Read MorePNG governor proposes rainforest nation summit ahead of COP30
Rainforest nations should meet for a summit in Papua New Guinea ahead of next year’s COP30 in Brazil, set to be a crucial event for nature, according to a PNG governor.
Read MoreEconomists urge caution on carbon taxation in Sub-Saharan Africa, citing ineffectiveness and poverty risks
Introducing carbon taxes in sub-Saharan Africa (SSA) could prove both ineffective in curbing emissions and detrimental to the region’s poor, economists warn in a new study
Read MoreBRIEFING: Next-generation geothermal emerges from the shadows, backed by a series of new reports
A series of high-profile reports on geothermal energy have been published in recent weeks, as hopes for the viability of next-generation technologies have increased, and policymakers have indicated their increasing interest in supporting the industry.
Read MoreUNFCCC unveils template documents to help developers of Article 6 carbon projects
The United Nations Framework Convention on Climate Change (UNFCCC) has published a set of templates to guide project developers wishing to engage with the Paris Agreement Crediting Mechanism (PACM) under Article 6.4 of the Paris Agreement.
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