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Non-profit to launch 300,000 marine biodiversity credits at COP16
Non-profit SeaTrees is preparing to release 300,000 voluntary marine biodiversity credits for sale at UN biodiversity conference COP16 from a Kenyan initiative, Carbon Pulse has learned.
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UPDATE – Verra cancels 5 mln over-issued credits from CQC projects following investigation
Verra has cancelled over 5 million voluntary carbon credits issued to C-Quest Capital (CQC) projects following an investigation launched back in June, also in the wake of charges of fraud by US authorities on former executives at the company.
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Protecting biodiversity in New Zealand could save more than NZ$270 bln over next 50 years -study
Protecting 30% of New Zealand's lands and seas could help the country save more than NZ$270 billion ($163,6 bln) over the next 50 years, according to a study released on Thursday.
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Portugal launches tender for development of voluntary carbon registry
Portugal's energy agency has announced this week a public tender to find a company to develop its voluntary carbon market registration platform.
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Under the microscope: Nikon Small World photomicrography 2024 – in pictures
Spider eyes, butterfly wing scales, truffle spores and slime mould come under the spotlight in the 50th anniversary of the Nikon Small World photomicrography competition. The award celebrates photography through the light microscope, capturing the breathtaking beauty of a world hidden from the naked eye
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Rating agencies could help to scale Article 6 market, says expert
Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.
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Investment manager ranks countries by nature risks
UK-based investment manager Ninety One has launched the Sovereign Biodiversity Index to help investors assess national-level nature risks.
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More than 190k new marine protected areas needed globally to reach 30×30 target, pre-print study says
Over 190,000 new marine protected areas (MPAs) must be established if the world is to meet the 30x30 marine protection target under the Global Biodiversity Framework (GBF), equivalent to 85 MPAs created every day until 2030, according to a study published Thursday.
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China increases CO2 allocation levels in final ETS allocation plan for 2023-24
China’s environment ministry has released the final carbon allowance allocation plan for the years 2023 and 2024, marginally easing the settings for coal-fired power plants compared to the previous draft as some 68 million additional CO2 permits are now set to be handed out in each of the two years.
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Cote d’Ivoire forms office to expedite carbon market regulations
The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.
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UN climate chief urges World Bank, IMF to step up efforts on climate finance
The United Nations climate chief is calling on the International Monetary Fund (IMF) and World Bank to take bigger steps to shore up climate finance and alleviate debt for developing countries during their annual autumn meetings next week.
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Euro Markets: Midday Update
European carbon prices were marginally firmer at midday on Thursday, tracking fluctuations in natural gas closely in a very narrow range as traders awaited new direction, as well as news of the European Central Bank's expected reduction in its key interest rates.
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Solutions-linked biodiversity funds lead pack amid falling flows -report
Funds focused on companies with apparent solutions to nature loss have been the only biodiversity-related investors in the sector to attract net new money this year, as inflows to the strategies so far have plummeted, said a report published on Thursday.
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ANALYSIS: UN Article 6 body underscores ‘bottom-up’ approach in core standards, key carbon removal elements still need clarity
Flexible, non-prescriptive approaches are staple features of the carbon crediting methodologies and removals standards, adopted by a UN body last Thursday, in a bold move that experts see as a major step forward towards carbon crediting under the Paris Agreement’s Sustainable Development Mechanism (SDM).
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Japanese companies team up to develop new forest offset methodology, conduct pilot project
A group of Japanese companies and academic institutions have teamed up to develop a new offset methodology and create carbon credits by utilising forests in Tokyo's Tama region, they announced Thursday.
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DATA DIVE: More and more airlines appear to be retiring carbon credits
An increasing number of the world’s largest airlines are retiring voluntary carbon credits, according to data from the Verra, Gold Standard, ACR, and Climate Action Reserve (CAR) registries.
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Water crisis puts over half of global food production at risk, report says
The water crisis could jeopardise more than half of food production by 2050, with global GDPs also threatened in both high- and low-income countries, a new report has said.
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Europe-wide frequent flyer tax could raise €64 bln, reduce aviation emissions by one-fifth, finds report
A frequent flying levy across Europe would increase aviation tax revenues to €64 billion and reduce sectoral emissions by over one-fifth, according to a report published Thursday.
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Groups urge UK govt to ensure strong shipping emissions coverage in ETS
A cohort of economists, think tanks, and non-profits have called for all domestic emissions and half of international emissions to be included in the UK ETS as the government continues to mull reforms to the country's compliance carbon market.
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Japan to lead captured CO2 trade in Asia-Pacific by mid-century, but massive government support needed -analysts
Japan is likely to emerge as the lead trading hub for captured CO2 by 2050 in the Asia-Pacific region, but at least $10 billion in government support is needed for carbon capture, utilisation, and storage (CCUS) deployment, analysts said.
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