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CORSIA futures prices surged on Thursday, adding over 100% in the space of two days and reaching a…
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] CORSIA Prices Jump After ICAO's Conditional Approval Of Leading Registries Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertisingArchives Archives Select Month March 2024 (176) February 2024 (153) January 2024 (139) December 2023 (136) November 2023 (169) October 2023 (179) September 2023 (170) August 2023 (144) July 2023 (146) June 2023 (130) May 2023 (112) April 2023 (132) March 2023 (169) February 2023 (123) January 2023 (103) December 2022 (97) November 2022 (128) October 2022 (118) September 2022 (109) August 2022 (64) July 2022 (90) June 2022 (90) May 2022 (92) April 2022 (83) March 2022 (85) February 2022 (74) January 2022 (73) December 2021 (53) November 2021 (95) October 2021 (84) September 2021 (75) August 2021 (60) July 2021 (48) June 2021 (69) May 2021 (36) April 2021 (34) March 2021 (48) WingsWingsSelect CategoryCaptureCarbon AccountingCarbon Capture StocksCarbon MarketsCompaniesDaily BriefDirect Air CaptureHydrogenHydrogen StocksInterviewsInvestmentOpinionPartner ContentPolicyPress ReleaseRemovalScienceStartupsStocksTechnologyUncategorized MetaLog inEntries feedComments feedWordPress.org Carbon Herald Carbon Herald InterviewsCaptureRemovalDirect Air CaptureCarbon MarketsCompaniesStocksCarbon Capture StocksPolicyPodcastHydrogenOpinionNewsletterAdvertising Carbon Herald Latest CORSIA Prices Jump After ICAO’s Conditional Approval Of Leading Registries Stockholm Exergi Receives Court Approval For Carbon Capture Project Data Collection Buoys Are Now Live On Lake Maurepas To Help Track Carbon Capture Project Karbon-X Teams Up With Drax For BECCS Collaboration In U.S. агреена zurich insurance ZS2 Carbon AccountingCarbon MarketsPolicyCORSIA Prices Jump After ICAO’s Conditional Approval Of Leading RegistriesbyVasil VelevMarch 30, 20242 minute read Total0Shares 0 0 0 0 0 0 0 CORSIA futures prices surged on Thursday, adding over 100% in the space of two days and reaching a price of $20 per ton.Industry professionals have attributed the jump to a decision by the International Civil Aviation Organization (ICAO) to grant only conditional approval to four leading carbon market registries – Verra, Gold Standard, Climate Action Reserve and Social Carbon. The first three (together with American Carbon Registry) currently account for the largest volume of issued credits.The development appears to have acted as a perceived constraint on supply, creating more competition for those credits that will be available to a growing number of buyers in the near future.Image: https://www.ice.com/The main reason for ICAO’s decision appears to be the lack of approval of UN processes that determine how credits are counted and transfered, especially in the case of double claimsAs it stands neither Article 6.2 (which determines how countries account for their emission reduction activities and exchange credits), nor Article 6.4, the framework that will create a global carbon credit market, have been finalized.Full approval has already been granted to two registries – American Carbon Registry and the Architecture for REDD+ Transactions. They will be able to issue credits in CORSIA’s upcoming Phase I (between 2024 and 2026), while the rest are working to join in at a later stage.ICAO’s Technical Advisory Body has provided detailed feedback on the requirements that need to be met, including them in its assessments and recommendations in January.The conditional approval of the three big registries is not final and ICAO has provided a timeline for changes to be made. The 15th of April has been given as the first resubmission deadlinefor CORSIA documentation with a review planned for September 2024.Read more: Abatable & Gold Standard Announce New Article 6 Partnership 0 0 0 American Carbon RegistryCORSIAgold standardICAOLeave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. 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