INTERVIEW: Airlines prioritising fuel costs over carbon buying as CORSIA prices slide, says ICAO TAB member
Airlines are focusing more on soaring jet fuel costs and operational pressures than carbon credit purchases as prices for CORSIA-eligible offsets continue to weaken ahead of the scheme’s upcoming mandatory phase in 2027, according to a member of ICAO’s Technical Advisory Body (TAB).
Read MoreLonger term govt responses to energy shocks can be good for emission cuts -research
When governments provide short-term relief for energy crises, they tend to go in the wrong direction, whereas prioritising structural responses can create much greater resilience in the long run, according to new research.
Read MoreElectrification could help Asia slash fuel bill by $1 trillion annually -study
Asia could cut fossil import costs by around $1 trillion a year by electrifying its economy, a report said, with road transport alone offering savings of more than $300 billion annually.
Read MoreBrussels urges “electricity revolution” to cut EU fossil fuel dependence
The European Union must launch an “electricity revolution” to slash fossil fuel imports and turn Europe into “the first electric continent”, the European Commission’s new top energy official said on Wednesday, ahead of an EU‑wide electrification action plan due on July 15.
Read MoreScientists blur line between evidence and advocacy in net zero policy advice, review finds
Policy recommendations accompanying academic research on net zero and climate mitigation frequently drift beyond the evidence presented and often resemble advocacy rather than neutral scientific guidance, according to a new systematic review.
Read MoreAdvisory, aviation heavyweights launch efforts to ramp up Australian low-carbon liquid fuel production
A sustainability advisory and major aviation companies on Wednesday launched what they described as a first-of-kind pilot initiative to kickstart commercial-scale low-carbon liquid fuel (LCLF) production in Australia.
Read MoreGoogle targets travel emissions with large SAF certificates deal
Google will target emissions from employee business travel with a new agreement for sustainable aviation fuel (SAF) certificates (SAFc), touted as the largest publicly announced SAFc deal between an airline and a single corporate customer to date.
Read MoreFrance opens final consultation on 2050 carbon neutrality roadmap, targets summer adoption
France has opened the final public consultation on the third version of its national low-carbon strategy (SNBC 3), giving stakeholders one month to comment before the climate roadmap is adopted by decree this summer.
Read MoreUK air traffic controller invests in carbon removal credit for first time
An air traffic controller has agreed to buy ÂŁ500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged ÂŁ2 million to stimulate the carbon removal (CDR) market.
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.
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