Compliance frameworks using offsets and CDR may steer VCM evolution, but quality concerns persist
Compliance-focused schemes that allow the use of offsets could shape the future of the voluntary carbon market (VCM) along with an increase in the usage of CO2 removal (CDR) credits, but quality concerns must be addressed to ensure growth, panellists told a webinar Tuesday.
Read MoreUS carves out nearly $300 mln from IRA for SAF
The US Federal Aviation Administration (FAA) has announced $291 million in grants from Inflation Reduction Act (IRA) funds to projects that facilitate development and implementation of sustainable aviation fuels (SAF).
Read MoreUpdated NDCs could see Australia’s big emitters reach net zero early, says consultancy
Australia’s heavy emitters could reach net zero before 2050, a date adopted by the country as well as many large companies, should baseline emissions reductions covered under the Safeguard Mechanism bump up.
Read MoreEuro Markets: EUAs snap four-day winning streak after reaching new 12-day high as sellers return
European carbon prices snapped a four-day rally after rising to their highest in 12 weeks in the morning amid an increase in buying interest with coal-fired power continuing to make inroads into gas’ share of the EU generation mix, before dropping back to record a loss as the failure to breach a key psychological level encouraged sellers to re-enter the market later in the day.
Read MoreVoluntary carbon removal standard body offers project developers digital MRV tool
Carbon removal (CDR) standard Isometric has released a digital monitoring, reporting and verification (dMRV) platform to speed up the verification and issuance of voluntary credits, it announced Tuesday.
Read MoreBrussels-approved state aid for German LNG terminal falls foul of EU climate policy, claims non-profit
Brussels is under pressure to defend its climate policy after approving state aid of €40 million to build Germany’s multi-purpose LNG import terminal in Brunsbuttel.
Read MoreZambia progresses towards issuing authorisation for int’l credit trade from 10 carbon projects
Zambia has moved closer to issuing letters of authorisation (LoAs) and approval for 10 carbon projects, its government has said, which would enable developers to sell credits internationally in accordance with the Paris Agreement.
Read MoreStudy identifies Key Biodiversity Areas to scale up Antarctica protection
Establishing 30 new Key Biodiversity Areas (KBAs) in the Southern Ocean surrounding Antarctica has the potential to ensure native wildlife in the region does not decline due to human activities, a paper has said.
Read MoreSupport CCS like hydrogen to develop sector, commerce chamber tells Australian govt
The chamber of commerce in Australia’s largest gas-exporting state has argued the current Labor federal government is not doing enough to support carbon capture and storage (CCS) and should provide the same support it gives to green hydrogen development if the country is serious about meeting its climate goals.
Read More
