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Bank analysts bullish on CCAs and RGAs, awaiting clarity on LCFS surplus
Analysts at a major investment bank are bullish on California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), but added that clarity on California's intentions to address credit surplus in its Low Carbon Fuel Standard (LCFS) is needed for prices to reverse course from their year-to-date lows.
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Small Caribbean state proposes nature trust to claim carbon credits, despite chequered record
A Caribbean small island developing state (SIDS) has proposed "investing" natural capital in a "development bank" to monetise it, including through carbon credits, although it has a chequered history of delivering on green policy and is plagued by allegations of land grabs and environmental violations.
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Electricity distribution units bear brunt of free allowance cuts in ARB’s proposed cap-and-trade changes
California regulator ARB illustrated a large reduction in free allowances to electricity distribution units (EDUs), while discussing expanded mandatary emissions reporting that could add new sources of compliance in the joint ETS scheme at a public rulemaking workshop on Friday, but once again refrained from divulging eagerly awaited annual budget cut details, keeping prices in the secondary market in check.
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After 50% rally, EU carbon prices seen taking breather on long-term march higher -bank
European carbon prices could “take a breather” after rallying 50% from their recent low, analysts at a major investment bank said this week, though they maintained their bullish long-term view.
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World record broken for living thing with most DNA
A rare plant has the largest genome of any organism on earth - holding 50 times more DNA than humans.
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PREVIEW: Observers call for “reset” in Article 6 talks in Bonn, with UN carbon trading technicalities to take centre stage
After chaotic scenes in Dubai at COP28, observers have called for calm on Article 6 talks taking place during a crunch UN intersessional climate summit in Bonn this week, with the technicalities of how to organise sovereign carbon trading rules expected to come into focus.
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First trade of voluntary carbon credits takes place on Turkish exchange
The Turkish energy exchange launched a new platform to mediate the purchase and sale of voluntary carbon credits, with the first transaction taking place last week.
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National court rulings back stronger consumer protection against carbon neutral claims -study
An analysis of 22 rulings by national courts backs the case for stronger rules to protect consumers against misleading environmental claims by companies, as legislators examine the EU's proposed Green Claims Directive.
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Corporates need to sharpen up reporting of carbon credit retirements, finds research
Corporates are keen to report voluntary carbon credit retirements, but only half the market reveals the names and details of the projects behind the carbon credits they use, research finds.
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ArcelorMittal gets €1.3 bln to decarbonise German steel production
Steel production company ArcelorMittal will be handed over €1.27 billion in subsidies to decarbonise its production at two plants in Germany, the country's government announced on Thursday.
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Canada underscores CDR deployment to achieve 2050 climate goals
Canada must advance its study on CO2 removal (CDR) technologies to support its climate goals, a report published by the Environment and Climate Change Canada (ECCC) revealed.
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EU biodiversity negotiator urges companies to increase engagement ahead of COP16
Companies should ramp up their efforts in monitoring and reporting their biodiversity impacts rather than wait for a regulatory framework to be established, the EU lead negotiator for the Global Biodiversity Framework (GBF) has said.
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NGOs call on Scottish govt to scale investments in nature amid concerns over biodiversity credit plans
Scotland must urgently ramp up public investments in nature protection, a group of NGO has said, expressing concerns over the impact of biodiversity credits following the government's plans to support the development of the voluntary market in the country.
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Euro Markets: Midday Update
European carbon prices spent another morning wedded to TTF natural gas, tracking marginally higher at midday, with a strong auction result also feeding in support, while UKAs continued to rally, jumping over 6% to squeeze the spread between the two markets to a 13-month low.
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Investment group urges Canada to close nature market policy gaps
Canada needs to close the policy gaps in its approach to biodiversity offsets and stormwater credits, such as third-party investor involvement, a conservation investment-focused network said in a paper this week.
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Researchers find method to significantly reduce GHG emissions from agriculture
A group of researchers has discovered a method to cut nitrous oxide (N2O) emissions from agricultural production, which up until now had been considered “unavoidable”.
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INTERVIEW: Chief EU ETS lawmaker ‘concerned’ about de-industrialisation on path to 2030
Peter Liese, a German conservative who was the European Parliament’s speaker on the EU’s Emissions Trading Scheme (EU ETS) in the current five-year mandate, expressed concerns that Europe will lose its industry as it gets closer to reaching its 2030 climate goals.
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Endangered penguin chicks hatched at Chester zoo named after plants
Zoo welcomes 11 Humboldt chicks, its highest number in a decade, with previous arrivals named after crisps
In previous years Chester zoo’s new penguin chicks have been named after crisps – Frazzle, Wotsit – and local football club owners – Ryan, Rob – but the names p … p … p … picked this year are notably less frivolous.
“We’ve decided to go with plants,” said Zoe Sweetman, the penguins and parrots team manager at the zoo. Two of the spikier new arrivals have been named Nettle and Thistle while two others with “colourful personalities” have been named Daffodil and Tulip.
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Novel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan
Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.
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FEATURE: AI speeds up understanding of biodiversity and could improve decision making on nature
Developments in artificial intelligence (AI) are speeding up the time it takes to process large amounts of scientific data and could potentially help scientists make better decisions about how to preserve biodiversity, say industry experts.
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