EU countries to vote on CBAM carbon price deduction rules in September
EU member states will vote in September on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, a European Commission official said.
Read MoreMENA Roundup: Gulf countries build up voluntary carbon markets at home
Middle Eastern and North African (MENA) countries last month offered carrots, sticks, and capacity support to accelerate domestic and regional carbon market development.
Read MoreINTERVIEW: Korean securities firm eyes potential in growing CORSIA market, secures its first procurement contract
A major securities firm in South Korea has facilitated the country’s first CORSIA-eligible emission unit (EEU) purchase agreement for a domestic airline, signalling its strategic push to expand its presence in the emerging compliance market for the aviation industry, a manager at the company told Carbon Pulse.
Read MoreChile approves 2026-30 energy roadmap with pilot ETS, $100 mln Article 6 funding target
Chile’s Ministry of Energy has formally approved its Energy Roadmap 2026-30, placing the sectoral emissions trading system (ETS) pilot and international carbon markets as key instruments in the country’s energy transition.
Read MoreReal CORSIA demand could be 38% lower than theoretical obligation, analysts say
The demand for Eligible Emissions Units (EEUs) under the UN’s CORSIA aviation offsetting scheme could be far below the 198 mln EEUs due to be retired by Jan. 2028, largely because of limited enforcement – while uncertain supply thins liquidity in the market, according to an analysis published Thursday.
Read MoreGuyana pledges 32.7 MtCO2e annual emissions cut in UN targets, all from forest carbon
Guyana has released its third Nationally Determined Contribution (NDC) to the Paris Agreement, in which it pledges to reduce forest carbon emissions by 32.7 million tonnes CO2e per year by 2030, depending on carbon finance.
Read MoreLawmakers agree to assign country-level default values to producers trying to trick EU CBAM
Lawmakers in the European Parliament’s environment committee want to be able to assign country-level emissions values to goods and origins they suspect of trying to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a compromise document seen by Carbon Pulse.
Read MoreEuropean bank buys SAF to help cut its supply chain emissions
A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions.Â
Read MoreDATA DIVE: Brazil leads the way in CDM transitional approvals, as one-quarter of eligible activities meet June deadline
Brazil has approved nearly all of its eligible Clean Development Mechanism (CDM) activities to transition to Paris-era carbon crediting, far more than any other country, as around 25% of all potential projects that could have moved to the new system secured government approval in time.
Read MoreFirst PACM carbon credits still face quality risks despite tougher accounting rules, says rating agency
The first carbon credits approved for issuance under the Paris Agreement Crediting Mechanism (PACM) show that the UN’s new system is improving the quality of legacy Clean Development Mechanism (CDM) projects through more conservative carbon accounting, but significant project-level risks remain, according to a new analysis.
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