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POLL: Negative sentiment engulfs UK ETS, from carbon price outlook to EU linking prospects

Carbon Pulse - Fri, 2024-10-25 11:27
UK carbon prices are expected to remain around current levels through next year, with analysts maintaining a generally bearish outlook for the market due to persistent oversupply, delayed policy reforms, and wider challenges that many think will all but ensure the ETS is not re-connected to Europe's this decade.
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Brazil’s cap-and-trade proposal could be voted next month, Senator says

Carbon Pulse - Fri, 2024-10-25 10:57
Brazilian Senator Otto Alencar (PSD-BA) said Wednesday that he and a group of lawmakers will soon present a revised proposal for a national cap-and-trade system, aiming for a vote next month.
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WCI Markets: CCAs swoon with LCFS scrutiny

Carbon Pulse - Fri, 2024-10-25 10:32
California Carbon Allowances (CCA) futures reversed sharply in tandem with a sell-off in Low Carbon Fuel Standard (LCFS) credits this week ahead of a board vote on proposed changes to the state's clean fuels programme, while Washington Carbon Allowances (WCA) remained out of the spotlight.  
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UK publishes proposed regulations formalising changes to ETS announced last year

Carbon Pulse - Fri, 2024-10-25 09:11
The UK government has formally proposed legislation across the country's four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.
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Canadian voluntary carbon firm purchases 1.2 mln Brazilian REDD+ credits

Carbon Pulse - Fri, 2024-10-25 08:45
A Vancouver-based carbon credit financier announced Thursday its purchase of 1.2 million credits from a Brazilian REDD+ project, designed to conserve nearly 200,000 hectares of Amazon rainforest.
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Queensland election signals both major parties accept pumped hydro and the renewable energy transition as inevitable

The Conversation - Fri, 2024-10-25 08:18
Pumped hydro and batteries can easily provide all the storage needed for 100% renewable electricity generation, eliminating the need for polluting gas power plants. Jamie Pittock, Professor, Fenner School of Environment & Society, Australian National University Andrew Blakers, Professor of Engineering, Australian National University Licensed as Creative Commons – attribution, no derivatives.
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New Zealand updates industrial carbon allocation baselines, pushes tough calls to next year

Carbon Pulse - Fri, 2024-10-25 07:40
The New Zealand government on Friday updated the baselines for free allocation of permits to industrials for the first time since 2010, but postponed final decisions on the steel and aluminium sectors until April next year.
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Revised Cercarbono REDD methodology to incorporate jurisdictional, nesting needs

Carbon Pulse - Fri, 2024-10-25 07:40
Colombia-based international carbon standard Cercarbono is building compatibility with 'nesting' and jurisdictional REDD+ (J-REDD) into its forthcoming updated REDD+ methodology.
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Article 6 trades could begin flowing next year if COP29 can finalise rules -panel

Carbon Pulse - Fri, 2024-10-25 07:12
Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.
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G20 task force elicits commitment by major economies to mobilise against climate change

Carbon Pulse - Fri, 2024-10-25 06:15
A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.
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COP16: NGOs file complaint to UNEP for backing TNFD

Carbon Pulse - Fri, 2024-10-25 05:30
A group of NGOs said Thursday they have filed a complaint to the UN Environmental Programme (UNEP), arguing that its backing of the Taskforce on Nature-related Financial Disclosures (TNFD) has undermined environmental stewards and rights holders.
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COP16: LATAM development bank invests in conservation via blockchain, biodiversity credits

Carbon Pulse - Fri, 2024-10-25 05:22
CAF, the Development Bank of Latin America and the Caribbean, will collaborate on a blockchain-based conservation instrument and support marine biodiversity credits in the region, it announced at COP16 on Thursday.
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Want genuine progress towards restoring nature? Follow these 4 steps

The Conversation - Fri, 2024-10-25 05:11
Bringing the natural world back from the brink is more urgent than ever. Nature-positive policies offers a way to do so – if done properly. Yi Fei Chung, PhD candidate in Environmental Policy, The University of Queensland Hannah Thomas, PhD candidate in Environmental Policy, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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COP16: More than half of organisations in survey say ready to enter biodiversity credit market

Carbon Pulse - Fri, 2024-10-25 04:14
A UN-backed organisation has conducted a survey on the demand for biodiversity credits, with over half of participants claiming to be highly confident in their ability to participate in the fledgling market.
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Canadian CDR firm secures $11.4 mln in Series A funding

Carbon Pulse - Fri, 2024-10-25 04:11
A Nova Scotia-based company that utilises ocean alkalinity enhancement (OAE) that aims to achieve CO2 removal (CDR) has completed a $11.35 million Series A funding round, according to a Thursday press release.
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COP16: Brazil’s mangrove carbon stock would be worth $8.7 bln as tradeable credits -study

Carbon Pulse - Fri, 2024-10-25 03:34
If the entirety of Brazil’s blue carbon stock from mangroves were converted into tradeable tonnes of carbon, its value would total billions, as per an NGO study launched Thursday at COP16 in Cali, Colombia.
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Azerbaijan’s climate leadership questioned over human rights, reliance on gas

Carbon Pulse - Fri, 2024-10-25 02:59
The European Parliament voted a resolution on Thursday questioning the choice of hosting the United Nation's upcoming COP29 climate summit in Azerbaijan, a country it accuses of human rights violations and whose revenues come chiefly from the extraction of natural gas.
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