Activists challenge Ukraine carbon projects, despite no registry approval to date
Environmental activists are demanding answers about several agricultural carbon credit projects in Ukraine, arguing that insufficient transparency surrounding the initiatives raises concerns about the integrity of future carbon credits that could be generated under the voluntary carbon market.
Read MoreIndia seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Read MoreCarbon credit markets need binding regulation to scale with integrity, report says
Project-based carbon credit markets are moving towards a more regulated, state-led model as voluntary standards remain unable to address weak oversight, fragmented rules, and uncertainty around credit use, a report published Wednesday said.
Read MoreRegistry becomes world’s first to require ratings, risk assessment for projects
Projects registered with the International Carbon Registry (ICR) will be required to include both a rating and a risk assessment – the first carbon registry to make such a move.
Read MoreMajor oil and gas companies spent over $273 mln lobbying for favourable US carbon market rules, investigation finds
Oil and gas companies have spent over $273 million to bolster carbon credit use in California’s emissions trading scheme, as well as shape early governance of climate-related market risks at a US financial regulator, a report found.
Read MoreBusiness coalition urges EU to heed its ideas for scaling carbon farming
A group of companies including Danone, Nestle, and Unilever, shared a set of recommendations on Tuesday which it says could accelerate a European agricultural transition under the bloc’s Carbon Removal Carbon Farming (CRCF) regulation.
Read MoreVerra publishes low-carbon shipping fuel methodology
Verra published its first framework to quantify emissions reductions in marine transport Tuesday in an effort to support alternative low-carbon fuels in shipping.
Read MoreQatari standard, institute sign MoU with UAE emirate to build carbon market capacity
A voluntary carbon standard, a research non-profit, and an emirate in the UAE have signed a Memorandum of Understanding (MoU) to foster carbon market engagement, including on the Paris Agreement’s Article 6, among other sustainable development objectives.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreEU groups urge Commission to create stronger market for carbon farming credits
A coalition of agricultural, climate, and carbon market organisations has called on the European Commission to take urgent action to ensure demand for carbon farming credits, warning that the success of the EU’s Carbon Removals and Carbon Farming (CRCF) regulation depends on creating a viable market for farmers.
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