Research group calls on US to stay the course on CDR
A research group out of Washington DC is calling on federal lawmakers and state governments to maintain and bolster carbon removal (CDR) policy as the US government attempts to bow out of global climate efforts.
Read MoreINTERVIEW: Lack of additionality, financial transparency, and scientific integrity are causing carbon projects to fall through
Many carbon projects fall short of approval due to issues with additionality, financial transparency, and scientific rigour, according to the CEO of a Bay Area non-profit that has approved just 1% of the over 5,000 projects it has reviewed in the past decade.
Read MoreXpansiv to launch CORSIA Phase 1 contract on CBL platform in April
Carbon infrastructure company Xpansiv will launch in April a new standardised spot contract for Phase 1 of CORSIA, the UN’s international aviation emissions offsetting scheme, it announced Thursday, but there was no corresponding notice of new futures contracts.
Read MoreRatings could safeguard $15-bln market for voluntary carbon in compliance schemes, finds analysis
The transacted value of voluntary carbon credits integrated into compliance schemes could reach $15 bln by the early 2030s, according to a ratings agency – with ratings to play a key role in shoring up integrity.
Read MoreRwanda partners with GGGI to boost Article 6 readiness
The Rwandan government has partnered with the Global Green Growth Institute (GGGI) to enhance the country’s readiness to participate in the international carbon markets under Article 6 of the Paris Agreement.
Read MoreTotal raises carbon investment plans to build 50-mln portfolio of nature-based credits by 2030
TotalEnergies has outlined plans to double annual spending on carbon credits to build a stock of 50 million nature-based offsets by 2030, as it aims to then retire millions per year to meet its climate goals.
Read MoreANALYSIS: Colombian CO2 tax offsetting bounces back as retirements surge
Market experts are putting out various explanations for the surge in voluntary carbon credit retirements against the Colombian CO2 tax in 2024, including theories linked to the controversial introduction of a cap in 2022 on taxed emissions that can be offset with domestic credits.
Read MoreIndia’s cement industry can’t reach net zero without CCUS, efficient use -report
The Indian cement sector, the world’s second largest, can’t reach net zero by 2070 without carbon capture, utilisation, and storage (CCUS) and improved efficiency of how cement is used, according to a report released this week.
Read MoreOcean’s natural sequestration process removes $1 trillion worth of carbon every year -study
The biological carbon pump — the natural process of marine organisms and fish drawing CO2 from the atmosphere and storing it in the ocean — has the potential to remove roughly $1 trillion per year worth of carbon, according to a study published on Thursday.
Read MoreMalaysia opens draft domestic forestry standard for public consultation
The Malaysia Forest Fund (MFF), a federal government agency, on Thursday began a public consultation process for its flagship domestic carbon offsetting standard for the forestry sector.
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