Analysts expect record voluntary carbon credit retirements in 2025, excluding CORSIA demand boost
A carbon analytics firm has said it expects nearly 200 million tonnes CO2 in voluntary carbon market (VCM) retirements in 2025, with the possibility of substantially more if demand from the UN’s CORSIA international aviation offsetting scheme materialises.
Read MoreClean Cooking Alliance seeks feedback on code of conduct ahead of ICVCM decision
The Clean Cooking Alliance (CCA) is seeking feedback on a new code of conduct to ensure responsible financing in the sector, as it waits to discover if any carbon crediting methodologies pass the Integrity Council of the Voluntary Carbon Market’s (ICVCM) quality test in the coming months.
Read MoreBrussels sets out draft EU ETS financing rules for green jet fuels
The European Commission adopted a draft regulation on Thursday to calculate the annual price difference between sustainable aviation fuels (SAF) and fossil kerosene, so that airlines can obtain funding support from the EU’s Emissions Trading Scheme (EU ETS).
Read MoreUS stops funding for LEAF Coalition amid wider foreign aid suspension
Washington has suspended funding for the forest finance LEAF Coalition initiative as part of a wider withdrawal from foreign aid under the new administration of President Donald Trump.
Read MoreMadagascar “enthusiastic” about Article 6, plans to develop national registry
Madagascar is keen to get involved with Article 6 of the Paris Agreement and is aiming to develop a national registry and standards to start generating credits, the country’s Designated National Authority (DNA) said on Thursday.
Read MoreOrsted slashes investment plans in wake of Trump’s offshore wind lease suspension
The world’s biggest offshore wind developer Orsted has slashed investment by 25% up to 2030 in the wake of challenges to the renewable energy industry and the decision by US President Donald Trump to suspend new leases for offshore wind in the US.
Read MoreVoluntary carbon market ratings agency launches new quality, pricing indices, says 2024 was “turning point” for credit integrity
The year 2024 was a “turning point” for integrity in the voluntary carbon market (VCM) and the prices that high-quality credits command, according to a new set of quality and pricing indices launched by a ratings agency and backed by a carbon market intelligence firm.
Read MoreCORSIA Phase 2 eligibility for standards to become more stringent -TAB member
The eligibility criteria for Phase 2 of UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) are set to become more stringent for international carbon standards, a member of the Technical Advisory Body (TAB) told Carbon Pulse.
Read MoreUN SBSTA vice-chair moves to commodities trading firm
The former vice-chair of the UN’s Subsidiary Body for Scientific and Technological Advice (SBSTA) has moved to a new role at financial services provider and commodities trader.
Read MoreSBTi loses key financial backer after incubation grant ends
The Science Based Target initiative (SBTi) has lost one of its key backers after a three-year incubation grant provided by Jeff Bezos’s $10 billion philanthropic fund expired at the end of last year, the standard setter confirmed to Carbon Pulse on Wednesday.
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