Plan Vivo updates standard, opens for consultation prior to ICVCM submission
Plan Vivo has updated its carbon credit standard and opened it for public consultation ahead of submitting its application to the Integrity Council for the Voluntary Carbon Market (ICVCM) to comply with the Core Carbon Principles (CCP).
Read MoreChinese steelmakers could cut CBAM costs by 70% with prompt climate actions, report says
Chinese steelmakers could reduce the costs they have to pay under the EU’s Carbon Border Adjustment Mechanism (CBAM) by more than 70% if they implement timely emissions reduction measures, a report has found.
Read MoreWashington Clean Fuel Standard cumulative surplus nears 1 mln through 2023
The net credit surplus in Washington’s Clean Fuel Standard (WCFS) soared towards the 1-million mark in the fourth quarter of 2023, with growth in electricity surpassing ethanol crediting, accompanied by declines in gasoline and diesel volumes, state data showed.
Read MoreQuebec government advisory committee calls for cap-and-trade changes to increase cost of carbon
The cost of a carbon allowance in Quebec’s carbon market is too low to limit global temperature increase to 2C, a government advisory committee said in a report published Wednesday, as they called for revisions to the province’s cap-and-trade programme to encourage further emissions reductions and increase the cost of carbon.
Read MoreAmerican Airlines looks to SAF first for CORSIA compliance, British Airways to raise prices to cover CO2 costs
American Airlines will prioritise sustainable aviation fuel (SAF) to fulfill its obligations under UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) but also expects to use carbon offsets, according to its 2023 sustainability report, while the Financial Times (FT) reported Wednesday that British Airways will raise its prices to cover the cost of reducing its CO2 emissions.
Read MoreVoluntary carbon trading platform pushes back auction of 1.5 mln Article 6 credits from Malawi cookstoves
A voluntary carbon trading platform has delayed its sale to July 16 of 1.5 million Internationally Transferred Mitigation Outcomes (ITMOs) at a minimum of $10 each generated by clean cooking projects in Malawi, according to a Wednesday press release.
Read MoreEuro Markets: Carbon edges lower after rangebound trading as activity thins with US holiday
EUAs weakened modestly as activity dwindled in the afternoon with the US market were closed for Independence Day, prices spending much of the day see-sawing in a well-defined range, while UKAs rose late in the day as the country voted in a general election.
Read MoreUkraine business group urges govt to slow its ETS rollout and plan for CBAM, EU linkages
An influential business group in Ukraine has outlined its proposals for how best to roll out an ETS in the country, requesting a slower implementation to help affected sectors ready for eventual linkage with the EU market, and demanding that work on a domestic CBAM begins next year.
Read MoreREPowerEU revenues from EUA auctions falling behind target amid EUA price slump
REPowerEU revenue has fallen more than €300 million behind the EU’s target after the first a year of sales under the initiative, raising the prospect that even more EUAs will need to be sold into the market to raise the €20 billion in funding that has been promised from the bloc’s carbon market to pay for the switch away from Russian energy supplies.
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