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US Republican states sue over Biden’s offshore drilling ban ahead of Trump reversal
Attorneys General (AGs) from five Republican states were joined by two oil and gas groups in a challenge to the offshore drilling ban imposed by former US President Joe Biden’s office days before it was reversed by the administration of newly inaugurated President Donald Trump.
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VCM ratings agency introduces platform to evaluate crediting programmes
A Singapore-based carbon credit ratings company has introduced a new platform that allows traders to evaluate the registries and crediting programmes within the voluntary carbon market (VCM).
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Steel, cement makers defend EU CBAM against right-wing calls to freeze it
European steel and cement manufacturers have come out in support of the EU’s Carbon Border Adjustment Mechanism (CBAM), fending off calls from conservative parties to suspend the law.
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Trio of European carbon market experts leave long-term roles
A trio of European carbon market experts have left their long-time roles in the past two months, Carbon Pulse has learned.
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The last time it was legal, exports of sea sand destroyed dozens of Indonesian islands. Now, the ban is being lifted
The demand for sand is soaring in places like Singapore. But extracting sand from the sea is destructive. It’s worth looking at alternatives
Bioantika, PhD Candidate, Global Centre for Mineral Security, Sustainable Minerals Institute, The University of Queensland
Hernandi Albeto Octaviano, PhD Candidate, Global Centre for Mineral Security, Sustainable Minerals Institute, The University of Queensland
Licensed as Creative Commons – attribution, no derivatives.
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‘Weather bomb’ expected to cause fall in UK wholesale energy prices
Gusts of up to 80mph may bring disruption but also a surge in cheap wind power after days of near-zero output
A looming “weather bomb” is expected to snuff out a surge in wholesale energy prices after windfarms produced the lowest levels of electricity since September 2023.
Cloudy and still weather has caused Great Britain’s renewable energy output to fall to near zero this week but is expected to give way to gusts of up to 80mph, alongside heavy rain and snow, on Thursday and Friday.
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Verra cuts project review time sharply in fourth quarter
Verra has slashed the time taken to review projects after streamlining and improving the process with its new risk-based approach that categorises projects into high, medium, or low bands, the standard body said Wednesday.
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Polish PM calls for a review of EU Green Deal, delay of ETS2
Poland’s prime minister has blamed EU regulations for high energy prices and warned against introducing the bloc’s emission trading system for heating and transport (ETS2) in 2027, in a speech to the European Parliament on Wednesday.
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BRIEFING: VCM stuck in a ‘chicken and egg’ situation as participants await Article 6 development
The voluntary carbon market (VCM) is stuck in a ‘chicken and egg’ situation, with buyers and sellers each waiting for the other to unlock the trade of international carbon credits, according to experts speaking during a webinar on Wednesday.
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DRC to create huge tropical forest reserve, generate carbon credits
The Democratic Republic of Congo (DRC) will create a protected area the size of France to protect its tropical rainforest, the country announced in Davos Wednesday, which will include raising finance via carbon markets.
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Unified global carbon market key to scaling climate finance, Davos panel says
A unified global carbon market under Article 6 of the Paris Agreement is essential for meeting climate goals, but clear governance and regulations are needed to build trust and drive investment, speakers told a panel at the World Economic Forum (WEF) in Davos.
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INTERVIEW: Non-profit seeks to provide India with first voluntary carbon market registry
An Indian non-profit is working to establish the country’s first indigenous registry for the voluntary carbon market, its executives told Carbon Pulse in an interview.
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Price nature into the economic system, bank exec urges
Nature needs to be priced into the economic system so its protection can be prioritised, as change is not happening fast enough, an executive at Deutsche Bank has said.
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US foundation to invest $500k to support TNFD expansion
A major US philanthropic foundation is throwing its support behind the Taskforce on Nature-related Financial Disclosures (TNFD) with $500,000 in grants, it announced Wednesday.
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Egyptian regulator forms advisory group to VCM supervisory body -media
Egypt has formed an advisory group for the body already tasked with supervising its regulated voluntary carbon market (VCM) model, according to local media.
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CORSIA-eligible carbon credits snapped up at $21.70 in auction
The first auction for Phase 1 CORSIA-eligible credits saw airlines snap up units at $21.70 per tonne, organising trade body the International Air Transport Association (IATA) confirmed Wednesday.
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Turkiye’s ruling party to introduce CBAM proposal -media
Turkiye’s governing Justice and Development (AK) Party is preparing to introduce national climate legislation to the Grand National Assembly (TBMM) that would propose establishing a carbon border adjustment mechanism (CBAM) import levy alongside the country’s planned emissions trading system (ETS), according to local media reports.
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Credit institutions ready for Danish carbon tax on agriculture, central bank says
Danish credit institutions are well-equipped to manage losses arising from the implementation of the country's new carbon tax on agriculture, according to a report from the country's central bank.
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INTERVIEW: Swedish biodiversity company eyes collaboration with EU on nature markets
A Swedish company plans to collaborate with European institutions to help shape an EU-level nature market, with its biodiversity credit methodology among those that could be used under the scheme, its CEO told Carbon Pulse.
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Industrial clusters can accelerate decarbonisation, but obstacles to clean energy persist -WEF
Creating industrial clusters can help to accelerate the rollout of clean energy infrastructure, helping to achieve economies of scale, share the risks, aggregate and optimise demand, and attract capital, according to a report released on Wednesday.
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