Ghana on collision course with UN as it presses ahead with cookstoves emissions calculation
Ghana will press ahead with its own calculation for crediting emissions reductions from cookstoves projects by the end of the second quarter, the African country revealed this week, in a move that could clash with UN plans to create a global carbon standard for the thorny issue.
Read MoreGhana expects to finalise first Article 6.2 transfer by Q3
The Ghanaian government plans to deliver its first batch of ITMOs under Article 6.2 of the Paris Agreement by Q3 2024, according to a report released Thursday.
Read MoreMost shipowners back LNG to meet IMO rules despite methanol hype -report
Shipowners have targeted liquefied natural gas (LNG) as the fuel to meet the International Maritime Organisation’s (IMO) 2030 climate targets, while methanol, seen as a distant second-place option, has been largely promoted by just one major company, finds a report.
Read MoreTumbling biochar prices tap into growing demand in nascent carbon removals market
Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.
Read MoreVCM Report: Corporates not waiting for ICVCM’s CCP label to retire carbon credits
News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.
Read MoreMore than 900 mln voluntary carbon credits under ICVCM review for high-integrity CCP label
Some 905 million carbon credits could be in line to be awarded the ICVCM’s Core Carbon Principles (CCPs) high-integrity stamp in an initial review of methodologies, the stakeholder initiative revealed to Carbon Pulse.
Read MoreTech firm launches carbon credits native to blockchain
A Switzerland-based technology initiative has launched what it says is the world’s first blockchain-native carbon credits, where all units are verified and issued directly on blockchain.
Read MoreHigh retirements of carbon credits in January shrinks oversupply for second month in a row
Retirements of carbon credits from the four largest voluntary carbon registries topped 20 million and outstripped issuances in January, although momentum slowed from the surprisingly high level of retirements in December, data from the Carbon Pulse VCM Portal shows.
Read MoreVCM Report: Carbon credit prices edge lower, cookstoves shrug off bad press
A few big ticket bids kept interest alive in the voluntary carbon market last week that generally edged lower amid thin liquidity, bashed by another bout of bad press.
Read MoreAxis and allies: Researchers map countries likely to support, oppose EU’s CBAM
Researchers have identified the countries most likely to the support the EU’s Carbon Border Adjustment Mechanism (CBAM), and therefore which governments are most willing to accept it amid an objective of securing the policy’s survival and broader adoption globally.
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