Verra calls on UN body to re-evaluate carbon credit exclusions from CORSIA Phase 1
Verra has questioned UN agency ICAO’s decision to exclude some of its methodologies from Phase 1 (2024-26) of the CORSIA international aviation offsetting scheme, including its new protocols across forestry and energy sectors.
Read MoreFEATURE: Carbon markets will almost certainly be counted towards climate finance goal, even without specific mention
The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air.
Read MoreGlobal CCS capacity to outstrip LNG volume -report
Global CCS capacity is estimated to outstrip global LNG supply volumes within the 2030s, yet would be unsustainable without a supportive commercial carbon price, according to forecasts released by a data and analytics company.
Read MoreGlobal emissions falling in hard-to-abate sectors, but remain off net zero trajectory -report
Global carbon emissions are falling in hard-to-abate industrial sectors, but trajectories remain off track to meeting net zero targets, according to a report published on Thursday.
Read MoreOcean benchmark reveals big companies likely to be assessed
The World Benchmarking Alliance (WBA) has released a list of 63 companies out of the 125 that are very likely to be assessed on biodiversity in its forthcoming Ocean Benchmark.
Read MoreIntegrity Council approves Verra ARR methodology, carbon removal standard for quality stamp
The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved Verra’s VM0047 methodology for its Core Carbon Principles (CCPs) quality label, as well as a fast-growing carbon removal standard, according to an announcement Thursday.
Read MoreANALYSIS: Forest carbon credits may find a home in Article 6
Forestry carbon credits, including from REDD and ARR reforestation sectors, now have the green light to scale via Paris Agreement carbon markets, following last month’s historic decision at COP29, but the exact methodologies that will be used, and strength of demand, remain uncertain.
Read MoreCIX to launch CORSIA carbon credit spot contract
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.
Read MoreZimbabwe’s sovereign REDD baseline is transparent, complete, say UN assessors
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.
Read MoreLarge investors in $2.82-bln bid to take Asian renewable energy, carbon project developer private
A consortium of large investors has bid to take one of Asia’s largest carbon offset project developers private.
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