SBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
Read MoreG20, MDBs channel $47 bln per year into fossil fuels, while clean energy finance lags -report
G20 countries and multilateral development banks provided at least $47 billion per year to fossil fuel projects between 2020 and 2022, with much less funding flowing to clean energy projects, according to research released on Tuesday.
Read MoreJapanese heavyweights partner in SAF, BECCS project in the US
A Japanese oil and gas company has joined a trading house and bioenergy hopeful to produce sustainable aviation fuel (SAF) via a biomass project on the US Gulf Coast, where the bulk of its LNG exports depart.
Read MoreIntegrity Council approves three voluntary carbon programmes for CCP eligibility
Gold Standard, ACR, and Climate Action Reserve (CAR) have been given the green light by the governing board of the Integrity Council for Voluntary Carbon Markets (ICVCM), marking a step towards the labelling of credits issued via their methodologies with the Core Carbon Principles (CCP) stamp, while Verra, ART TREES, Social Carbon, and Isometric will be assessed by May at the latest.
Read MoreGlobal Carbon Council launches new voluntary CCS methodology for hard-to-abate sectors
The Global Carbon Council (GCC) launched Thursday its wide-ranging carbon capture and storage (CCS) methodology after completing a consultation process that started in November.
Read MoreJapan issues call for voluntary projects under JCM
Japan has issued a call for business proposals under the Joint Crediting Mechanism (JCM) with a total budget of 12.8 billion yen ($84.37 mln) for projects starting from this year, as the government aims to boost the supply of carbon credits under the bilateral framework.
Read MoreGlut of surplus voluntary carbon credits from big four standards hits almost 800 mln
The glut of available credits in the voluntary carbon market started to grow again in March to leave the surplus close to 800 million credits from across the big four standard bodies, according to Carbon Pulse VCM Portal data.
Read MoreUK remote sensing firm enters Japanese carbon market with local partner
A UK-based remote sending firm has partnered with a Japanese project developer with an eye to generating carbon units under the Joint Crediting Mechanism (JCM) and voluntary schemes, starting with a large rice project in Japan.
Read MoreEnergy major begins ammonia co-firing trial at coal plant in Japan
One of the world’s first trials of a large amount of ammonia to be used in a coal-fired power plant began this week, and if successful could help pave the way to further decarbonisation.
Read MoreJapanese developer to set up biochar project in the Philippines
A Japanese project developer has teamed up with a listed real estate company in the Philippines to promote a carbon removal project featuring rice husk biochar, as it seeks to continue expanding its presence in Asia’s voluntary market.
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