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CFTC: Financials reduce net length across the board, producers build RGGI and WCA holdings
Financial players cut their holdings across the board of North American carbon in the most recent report from the US Commodity Futures Trading Commission (CFTC), while emitters also reduced their exposure to California Carbon Allowances (CCAs) but built net length in RGGI allowances (RGAs) and Washington Carbon Allowances (WCAs).
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ANALYSIS: Washington’s cap-and-trade observers discuss electricity imports, offsets for linkage considerations
Washington state's considerations for changes to the Climate Commitment Act (CCA) to facilitate linkage with WCI partners California and Quebec must resolve ambiguity surrounding electricity imports and address varying offset protocols, comments to the draft amendments showed.
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Up to $41 bln in World Bank climate finance is unaccounted for, Oxfam reveals
Up to $41 billion in World Bank climate finance, almost 40% of the total funds the institution has disbursed over the past seven years, is unaccounted for, according to a new report by Oxfam published on Thursday.
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US DOE invests over $58 mln in CDR technology commercialisation
The US Department of Energy (DOE) announced $58.5 million in funding on Friday to develop commercially viable CO2 removal (CDR) technologies.
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US reforestation project kicks off in Pennsylvania with aim to generate 380k credits
A reforestation group announced Thursday that it is beginning a land reclamation project in Northwest Pennsylvania this month, kicking off a larger 2,800-acre reforestation project across the Appalachian region, to be financed by the expected sale of nearly 400,000 carbon credits.
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More accurate emissions accounting key to ensuring integrity of mangrove-based blue carbon credits -researchers
Improvements need to be made in the precise quantification of different organic carbon (OC) sources in mangrove sediments to ensure proper allocation of blue carbon credits, a new study argues.
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Study links climate change to sharp rise in global forest fire emissions
Carbon emissions from forest fires have risen by 60% over the past two decades, driven largely by climate change and the heightened sensitivity of temperate and boreal forest fire regimes, according to a new study.
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Austrian climate plan falling short on social aspects, Brussels says
Austria's National Energy and Climate Plan (NECP) still has room for improvement, particularly when it comes to provisions aimed at alleviating the social impact of carbon pricing policies on households, according to recommendations published on Friday by the European Commission.
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CO2 emissions from forest fires have increased 60% since 2001 -report
Global CO2 emissions from forest fires have increased 60% since 2001, according to research published Friday.
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Key EU lawmaker lays out vision for Clean Industrial Deal, points to possible compromise
Leveraging future EU ETS revenues, de-risking low-carbon investments, and advancing CBAM should all be part of an EU Clean Industrial Deal, the former chair of the European Parliament’s environment committee told an industry event this week, pointing at potential compromise in the EU.
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Environmental law charity targets asset manager over ‘sustainable’ funds allegedly financing fossil fuels
An environmental law charity has filed a complaint to the French financial regulator over allegations that an asset manager’s so-called "sustainable" funds are in fact funding fossil fuels.
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What is biodiversity and how can we protect it?
Colombia is hosting talks to assess global progress in protecting 30% of all land and water by 2030.
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What is biodiversity and how can we protect it?
Colombia is hosting talks to assess global progress in protecting 30% of all land and water by 2030.
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Carbon accounting needs a more unified approach to reach net zero, say researchers
Net-zero efforts are currently undermined by the large array of carbon accounting systems available, a research paper has suggested.
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BRIEFING: CCUS development in the UK requires transition finance and de-risking -experts
Developing a carbon capture, utilisation and storage (CCUS) industry in the UK that can sustain itself without government support and attract CO2 imports from Europe will require de-risking the value chain and transition finance, experts said on Friday.
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Carbon registry updates its high integrity standard and aligns with CORSIA and ICROA
A carbon registry has updated its high integrity carbon standard and more closely aligned its programme with CORSIA and ICROA, it announced on Friday.
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BRIEFING: ‘Please regulate’ – Financiers cry out for greater standardisation in carbon removals market
Bankers want regulators to set standards for the emerging carbon removals market, saying this is the only way to create the trust necessary to generate liquidity and unleash investments in the nascent industry.
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Biodiversity credits to be a major distraction at COP16, non-profits warn
A global non-profit has warned that the voluntary biodiversity market could be a big distraction for governments during the upcoming COP16 UN biodiversity summit, as global leaders need to prioritise public commitments to plug the financial gap on nature.
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BRIEFING: How to achieve zero-emission buildings – an explanatory guide
Only deep, sector-wide emissions cuts in the buildings sector can keep global warming within safe limits, a webinar hosted by the Science Based Targets initiative (SBTi) heard on Thursday.
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Panasonic offers breath of fresh air for J-Credit scheme
Japanese tech firm Panasonic will launch a programme-based project on Monday that will generate J-Credits for Japan's domestic carbon offset scheme by applying energy-efficient air conditioning in private households.
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