SB64: Article 6.2 TERs are in their lane, but PACM could add clarity, says UN
The UN’s Technical Expert Reviews (TERs) of Article 6.2 initial reports are fully within bounds, and are not erroneously applying Paris Agreement Crediting Mechanism (PACM) norms, a senior member of the UNFCCC has said.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreSB64: Kenya sets 10-mln ITMO cap for Article 6 transfers through 2030 -official
Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.
Read MorePairing US carbon tax with tariffs would double emissions reductions, increase GDP -report
Academic economics researchers published a working paper illustrating the impacts of carbon tariffs and domestic taxes, creating a model that disproves the trade-off between global emissions reductions and US GDP.
Read MoreSB64: BRIEFING – Parties sidestep conflict as implementation concerns prevail
Day one of the Bonn intersessional (SB64) UN climate summit saw parties avoid major disputes over the agenda and resist the urge to reopen old negotiations, refocusing on implementation – though the COP31 co-presidents appeared to skate around transition away from fossil fuels.
Read MoreClimate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
Read MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Read MoreUK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
Read MoreCarbon insurance market set for explosive growth, finds report
Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.
Read MoreFEATURE: Dimming the sun could soon be a topic for COP, but experts urge caution amid “rogue implementation” risks
Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement’s 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say.
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