2023 hailed as a possible turning point for clean power, as renewables surpass 30% of global generation
Solar and wind growth has propelled the world past 30% renewable electricity for the first time in 2023, marking a turning point in the shift away from fossil fuel power, according to a review of country-level data published on Wednesday.
Read MoreVCM Report: Bad headlines abound, but voluntary carbon prices little changed
Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.
Read MoreICVCM decision on first eligible voluntary carbon methodologies delayed til June as Verra, ART get nod of approval
Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)’s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.
Read MoreINTERVIEW: Kenya, US are attractive destinations for upstart DAC developer
Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .
Read MoreGiant REDD project Kariba left in limbo as investigation by Verra drags on
The future of a troubled REDD avoided deforestation project in Zimbabwe has been left in limbo six months after it was suspended from the Verra registry.
Read MoreEuropean low-cost airlines see emissions soar to record in 2023 on €18/t avg carbon price -study
European low-cost airlines paid around €18/tonne on average to pump out more CO2 than ever last year, even though emissions for the continent’s aviation sector as a whole remain below 2019 peak levels, according to a study released Friday.
Read MoreGlobal commodities firm deploys real time emissions reporting tech on LNG carrier
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm’s technology for real time measurement and reporting of GHG emissions, the companies said Monday.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.
Read MoreCarbon credit prices should reflect host country investment needs, not just market rates -official
Carbon market buyers must appreciate the price of climate progress in developing countries and fund projects in line with their investment needs, not necessarily according to market rates, according to a government official speaking on an OECD webinar Thursday.
Read MoreSBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.
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