Guyana 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.
Read MoreMalawi eyes carbon markets to help fund its third climate plan
Malawi has highlighted carbon markets as one of the financing mechanisms it intends to use to implement a more ambitious third Nationally Determined Contribution (NDC), as the climate-vulnerable African nation seeks to bring in greater domestic and international support for emissions reductions.
Read MoreFEATURE: Shipowners face choppy but navigable seas from inclusion in UK ETS, say experts
The inclusion of domestic maritime emissions in the UK Emissions Trading System (ETS) from this month is expected to pose limited difficulties for most shipowners, who are already familiar with the EU’s carbon pricing regime, but it is also unlikely to significantly cut emissions, experts said.
Read MoreIndia should channel carbon market revenues into industrial decarbonisation, report says
India should establish two national funds financed by revenues generated from its Carbon Credit Trading Scheme (CCTS) to support industrial decarbonisation, a report said.
Read MoreAirlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Read MoreCarbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).
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