Brussels should move ahead with adding carbon removals to EU ETS, says former UK official
The European Commission needs to confirm it will bring carbon removals (CDR) into the EU ETS when it proposes market reforms next month – providing a much-needed policy push to a global public good, a former UK government official has said.
Read MoreUPDATE – Watchdog alleges Senegal mangrove credits overstated, fund denies
An environmental watchdog publication alleges that carbon credits from Senegal’s flagship mangrove restoration project were overstated, with researchers describing much of the claimed storage as “ghost carbon”.
Read MoreEU aims to launch blue carbon credits in 2030
The European Commission is developing a new blue carbon credit certification system that aims to reward the expansion and creation of marine ecosystems for their role in absorbing CO2, a senior official said, while presenting the EU’s new island and coastal strategy.
Read MoreCarbon investor makes large-scale ‘staggered spot’ nature-based removals purchase
A UK-based voluntary carbon offset provider will buy nature-based removals from an afforestation, reforestation, and revegetation (ARR) project under a “staggered spot” agreement covering both issued and in-verification credits, it announced on Thursday.
Read MoreSBTi’s new Corporate Net-Zero Standard recognises companies that address ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
Read MoreIndia carbon credit startups struggle for capital despite growing ambitions
India’s carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.
Read MoreBRIEFING: Canadian CDR signal strong despite climate policy rollback
Canada’s pullback on climate policies in pursuit of energy and economic security doesn’t have to be at odds with its signal to ramp up its carbon removal (CDR) sector, industry players said at a recent event.
Read MoreVerra launches development of next round of methodologies, eyes super pollutants from refrigeration
Verra launched development of several new or revised standards, including a new methodology for avoiding super pollutant emissions from refrigeration systems.
Read MoreBeZero cites legal backing for EU ESG ratings compliance as July launch nears
Carbon ratings agency BeZero Carbon said independent legal reviews have concluded its activities fall within the scope of the EU’s new ESG Ratings Regulation, as the company prepares to seek recognition under the regime ahead of its July implementation.
Read MoreStandard-setter finalises methodology for methane reductions from rice paddies
A standard-setting body has approved its methodology for cutting methane emissions from rice cultivation, saying it will expand the possibilities for high-integrity reductions from sustainable agriculture.
Read More