Japanese shipper waiting on IMO framework before scaling up CDR purchasing strategy
A major Japanese shipping company said it is waiting on the passage of key regulations, including the Net Zero-Framework, before it ramps up purchases of carbon removal (CDR) credits.
Read MoreAPAC eyes carbon market‑style accounting to support emissions under CBAM
Asia-Pacific industry is beginning to explore how carbon market‑style accounting can support the emissions assurance now demanded under the EU’s Carbon Border Adjustment Mechanism (CBAM), even as regional readiness remains highly uneven.
Read MoreSB64: FEATURE – SIDS say mitigation finance, Article 6 must move from ambition to implementation at Bonn
Small island developing states (SIDS) want the Bonn climate talks to move mitigation finance and Article 6 support beyond discussions and towards practical access to concessional capital, project preparation support, and implementation pathways needed to meet finance-dependent climate targets, experts told Carbon Pulse.
Read MoreColombia launches first zero-emissions cargo corridor, targets 1k electric trucks by 2032
The Colombian Ministry of Transportation, in partnership with several private and international organisations, has launched the country’s first zero-emissions freight corridor, aiming to tackle one of the country’s main sources of GHGs.
Read MoreEuropean power sector urges predictable EU carbon price ahead of post-2030 ETS review
The EU should avoid ad hoc interventions in its Emissions Trading System (ETS), strengthen price-stability tools, and direct carbon market revenues into industrial decarbonisation as it prepares for the post-2030 period, the European power sector association said on Thursday.
Read MoreSB64: INTERVIEW – Brazil’s new climate and trade forum sees encouraging signs in first meeting, diplomat says
The first meeting of a new Brazil-spearheaded “floating” forum on climate-related trade issues saw surprisingly positive engagement amid the backdrop of wider tensions around unilateral trade measures, a diplomat from the country told Carbon Pulse on the sidelines of annual mid-year UN climate talks.
Read MoreSB64: BRIEFING – PACM influence on carbon markets extends far beyond Article 6.4, experts say
The Paris Agreement Crediting Mechanism (PACM), a UN-regulated carbon market grounded in Article 6.4 rules, is guiding national frameworks, voluntary market (VCM) standards, and even other UN schemes, experts and country delegates said on the sidelines of climate talks in Bonn.
Read MoreInternational finance lobby group urges EU to broaden recognition of carbon credits under CBAM
A major international financial markets lobby group has urged the European Commission to ensure that carbon prices paid in third countries under the EU’s Carbon Border Adjustment Mechanism (CBAM) encompass all recognised compliance instruments, including domestic and international credits, warning that proposed restrictions could undermine the bloc’s objective of preventing double carbon pricing.
Read MoreINTERVIEW: Paris 1.5C goal could give climate litigants new tool against weak domestic policies, scholar says
A new legal interpretation of the Paris Agreement’s 1.5C temperature goal could give climate litigants a fresh basis to challenge weak domestic climate policies and high-emitting projects, by treating states as having a due diligence obligation not to defeat the treaty’s object and purpose, a legal scholar told Carbon Pulse.
Read MoreCORSIA supply and demand still cloudy, rating agency says
Supply and demand hangs in the air for Phase 1 Corsia with the unknown of credit quantity rubbing against regulatory uncertainty, a webinar heard Wednesday.
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