US platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
Read MoreID Market: Trading slumps to 10-month low in May
Trading activity on Indonesia’s carbon exchange continued to weaken in May, with volumes and transaction values falling to a 10-month low as deals stayed confined to smaller spot transactions, exchange data showed.
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 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 MoreVCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Read MoreForests and climate set to suffer under countries’ bioenergy reliance, warns coalition
Countries are relying too heavily on bioenergy to reduce carbon emissions in their national Paris Agreement pledges, which spells bad news for forests and climate as huge swathes of land are eaten up for growing biomass, according to environmental and social justice groups.
Read MoreLarge-scale carbon removal could save trillions in climate damages, but at cost of forgone health benefits -study
Large-scale deployment of CO2 removal technologies could substantially reduce the cost of reaching net zero emissions in the US and generate trillions of dollars in revenues for project developers, but may also lead to worse air quality outcomes than pathways that rely more heavily on direct emissions cuts, according to a new study.
Read MoreMexico still debating key ETS design elements ahead of operational launch -official
Mexican authorities are still negotiating core elements of the country’s emissions trading system (ETS) ahead of the envisioned start of its operational phase, an official told attendees at the Latin America Climate Summit (LACS) recently.
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