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CFTC: Traders roll to V25 CCAs, reducing V24 exposure
Traders continue to roll into V25 California Carbon Allowance (CCA) holdings, reducing V24 exposure over the last week, while producers increased RGGI Allowance (RGA) futures and options net length ahead of November compliance deadlines, according data released Friday from the US Commodity Futures Trading Commission (CFTC).
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US materials production results in $79 bln in climate costs to society -study
Researchers at the University of California found that US manufacturing of major materials – including cement, steel, and asphalt – produced $79 billion in externalised climate costs, with the authors recommending carbon pricing measures to better address emissions in a paper published Friday.
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Study identifies industrial sectors best and least suited for CCS deployment
A new study published Friday identifies the specific US industrial processes that carbon capture and storage (CCS) deployment is best suited for, and those that are better left for other decarbonisation tools.
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German cement plant receives €157 mln for CCUS upgrade
A consortium of two Mexican and European companies have received a €157 million ($170 mln) grant from the EU Innovation Fund to finance a carbon capture utilisation and storage (CCUS) project at a German cement plant, the companies announced Tuesday.
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NGOs, private sector must abandon orthodoxy to scale nature-based CDR -panellists
Conservation non-profits, investors, and offtakers alike must step outside their traditional ideologies if nature-based carbon removals (CDR) are to scale, according to the architects of a major CDR deal speaking at COP16 in Cali, Colombia on Friday.
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Global wind turbine supply chain linked to illegal Amazon deforestation -investigation
A global increased push for wind energy has led to a rise in the illegal logging of balsa wood in Ecuador and Peru, resulting in deforestation and violation of Indigenous rights, according to a report published Wednesday by a London-based investigative non-profit.
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Backlog of projects in Verra pipeline raises concern after standard body cuts staff
Falling credit issuance and a bulging backlog of projects in the pipeline for processing and certification in the Verra registry has raised concerns about the standard body’s promise to speed up its service after releasing around a quarter of its staff, market participants told Carbon Pulse.
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UK’s 2025 auction schedule shows 19% volume reduction from 2024
The main futures exchange that handles UK Allowances trade announced its auction programme for 2025 late on Friday, revealing a 19% drop in auction supply next year.
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INTERVIEW: Startup pitches chromium replacement carbon solution for steel industry with potential to earn offsets
A California-based startup is offering the steel industry a new product that it claims can replace a common, but toxic, coating material while cutting manufacturing emissions.
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Canadian financier receives over 1 mln Article 6 credits from Rwandan cookstove project
A Toronto-headquartered carbon project financier announced Friday that it has received a second tranche of more than 1 million Article 6 authorised credits from its Rwandan cookstove project.
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BRIEFING: Experts advocate for open carbon removal frameworks, too soon to call winners
The overarching frameworks for carbon removals should be as inclusive as possible, even if governments choose to prioritise methods suited to their national circumstances, while different funding streams are needed to match different technology readiness levels (TRL), said experts on a webinar Thursday.
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BRIEFING: How to derisk the European CCUS value chain
The Net Zero Industry Act (NZIA) and EU ETS combo could unlock European CCUS projects -- if public authorities step up to help derisk the value chain, for example through government guarantees.
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Safe sex for seagulls? Why bird contraception plan in Worcester may not fly
Councillor has reportedly suggested using pills to control gulls, but experts say it may not be ethical or practical
Their brazen chip-snatching, swooping and aggressive squawking has earned seagulls a reputation as the scourge of seaside towns, terrorising unsuspecting tourists and enraging residents alike.
And as the marauding birds have ventured inland and established urban colonies, towns have deployed spikes, netting and even birds of prey as deterrents. Now Worcester city councillors appear to be contemplating a new escalation in the battle: bird contraceptives.
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BRIEFING: Singapore, India, and others drive ‘big year’ for Asian voluntary carbon markets
Landmark policy announcements across markets including Singapore, India, and other countries have ensured a “big year” for Asian voluntary carbon markets, according to attendees at the IETA Asia Climate Summit, which took place this week in New Delhi.
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COP16: INTERVIEW – South Pole launches habitat bank for Colombian biodiversity compliance market
Carbon project developer and biodiversity crediting entrant South Pole on Friday announced the launch of a restoration-focused ‘habitat bank’ in partnership with Colombian non-profit Salvamontes at COP16 in Cali.
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US project developer receives 1.9 mln carbon credits for orphan well plugging
An Oklahoma-based project developer has been issued nearly 1.9 million carbon credits for an orphan oil and gas wells plugging project in the US state.
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Final talks on EU’s Green Claims Directive to be delayed until next year
A final agreement on the EU’s proposed Green Claims Directive is likely to be pushed back to next year, according to several European Parliament sources, a decision which voluntary carbon market participants say could extend current uncertainty in the market.
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Green Climate Fund approves over $1 billion in fresh funding
The board of the world’s largest dedicated climate fund, the Green Climate Fund, approved more than $1 billion in fresh funding at a meeting this week, it announced Friday.
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COP16: TNFD hits target of 500 adopters
A further 86 organisations have committed to report on their biodiversity impacts and dependencies under the Taskforce on Nature-related Financial Disclosures (TNFD), bringing the total to 502 adopters with $6.5 trillion in market capitalisation.
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COP16: Global standard for biodiversity uplifts certifies first three projects
A global standard for biodiversity uplift has registered a first three restoration projects under its methodology.
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