Carbon Market News

Verra has published a CORSIA insurance criteria checklist to streamline the processing of CORSIA Eligible Label requests submitted through the insurance route. Project proponents must include a completed checklist when evidence that the host country has completed the required corresponding adjustment is not yet available. The checklist helps demonstrate that the relevant Verified Carbon Units are covered by an approved insurance product that complies with Verra’s CORSIA Eligible Label Insurance Criteria and CORSIA Accounting Representation Deeds. If an application relies on multiple insurance policies, proponents must submit a separate checklist for each policy. The document standardizes the review process but does not introduce a new insurance product or replace the corresponding adjustment requirement.
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#Verra #CORSIA #CORSIAEligibleLabel #CORSIAInsurance

Canada, Alberta and five members of the Oil Sands Alliance signed an agreement to advance the multibillion-dollar Pathways carbon capture and storage project alongside policies supporting oilsands production and a proposed West Coast pipeline. The project would transport captured CO₂ from northern Alberta oilsands facilities to an underground storage hub near Cold Lake. Infrastructure is expected to enter service in stages from January 2032, with completion targeted for 2035 and annual transport and storage capacity of approximately six million tonnes. Canada will extend investment tax credits of 50% for eligible capture equipment and 37.5% for transportation, storage and utilization equipment through 2035, while Alberta will finalize provincial incentives.
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#Canada #Alberta #CarbonCapture #CCUS #OilSands

The European Commission has adopted its first technical certification methodologies for carbon farming under the EU Carbon Removals and Carbon Farming Regulation. The delegated act covers three categories: agriculture and agroforestry on mineral soils, the rewetting and restoration of peatlands and other organic soils, and afforestation. The methodologies translate the regulation’s general quality criteria into detailed technical requirements that farmers, foresters and land managers must meet to obtain certification. Once the delegated regulation enters into force, certification schemes will be able to apply for recognition of compliance and begin certifying eligible activities across EU member states. Developed through public consultation and input from the Expert Group on Carbon Removals, the rules are also intended to enhance climate resilience, biodiversity, ecosystem services, and long-term food and biomass security. By establishing a consistent and trusted certification framework, the Commission expects the methodologies to help land managers access new income streams from sustainable practices and strengthen carbon farming’s role in EU climate policy.
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#EU #CRCF #CarbonFarming #CarbonRemovals #Agriculture #Agroforestry #Afforestation #Peatland #SoilCarbon

Argentina’s Province of Misiones has formally adopted an MOU with Verra through a provincial resolution to strengthen its participation in carbon markets. Verra will provide capacity-building, knowledge-sharing and training covering the VCS Program, Jurisdictional and Nested REDD+ Framework, Verra Registry, Article 6.2, CORSIA and related topics. The cooperation follows Verra’s recent approval of its first government-led forest carbon program at a jurisdictional scale, located in Misiones. The MOU is intended to strengthen the provincial government’s technical and institutional capabilities and support implementation of carbon-market activities. Misiones expects the partnership to advance forest conservation while generating environmental, social and economic benefits for local communities through transparent, high-integrity climate finance.
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#Argentina #Misiones #Verra #JNR #JurisdictionalREDD #VCS #Article6 #CORSIA

Verra is preparing to issue at least 20 million carbon credits to three Indonesian forestry projects under the country’s updated carbon market regulations. The projects are Katingan Peatland Restoration and Conservation (VCS 1477), Sumatra Merang Peatland (VCS 1899), and The Mayas Project (VCS 3591). All three have fulfilled the applicable regulatory requirements and received approval from Indonesia’s Ministry of Forestry. Forestry projects must obtain ministry approval before Verra can approve their verified emission reductions and issue the corresponding credits. Indonesia will also track the issued credits through its domestic registry for national reporting. Verra and Indonesian authorities are developing an API connection between the Verra Registry and the national registry to enable data sharing, regulatory oversight and interoperability.
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#Indonesia #Verra #VCS #Katingan #SumatraMerang #TheMayasProject #ForestCarbon