Russia’s Novatek opens first European carbon-neutral LNG fuelling station, offsetting with VCS credits
Russian gas producer Novatek has opened its first carbon-neutral LNG fuelling station in Europe, offsetting the related emissions using voluntary credits.
Read MoreColombia aims for 51% emissions reduction by 2030 in upgraded NDC
Colombia has submitted an upgraded NDC of a 51% emissions reduction target by 2030, President Ivan Duque said Thursday, potentially representing a significant raising of ambition.
Read MoreIATA launches aviation carbon credit exchange, announces first trade
Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.
Read MoreAverna acquisition of ClimateCare puts offset firm on “professional investment footing” ahead of market boom, says founder
The recent acquisition by private equity firm Averna Capital of a majority stake in ClimateCare will help prepare the low-carbon project developer for massive growth in the global offset market, the company’s founder told Carbon Pulse.
Read MoreUtility Enel to cut CO2 by nearly a third over next 3 years, plans earlier coal phaseout
Italy-headquartered utility Enel unveiled plans on Tuesday to cut its emissions by 30% over the next three years and to bring forward its coal phaseout date by three years to 2027.
Read MoreTwo CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
Read MoreSwitzerland signs second carbon offset deal with Ghana
Switzerland has agreed a bilateral deal with Ghana to purchase carbon offsets under the Paris Agreement’s Article 6, in the second such agreement announced by the European nation in as many months.
Read MoreGCF waves through REDD projects as portfolio grows
The Green Climate Fund this week approved a $136 million payment to Argentina and Costa Rica for emissions reductions achieved over the last decade, growing its portfolio of forestry-based carbon projects.
Read MoreColombian ETS may not begin pilot phase until 2024 -govt official
Colombia may not launch the pilot phase of its cap-and-trade programme under development until 2024, while the country seeks to finish the design of the ETS by year-end, a government official said Wednesday.
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