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Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.

The European Environment Agency (EEA) has published new data revealing significant discrepancies between real-world CO2 emissions and official test values for cars and vans.

Methane emissions in COP29 host country Azerbaijan have surged in recent years, following a period of no data reported by the country, according to an investigation by the NGO Global Witness published on Monday.

The European Commission has approved two Dutch state aid schemes supporting the production of renewable hydrogen, for more than €1 billion in total, it announced on Monday.

Venezuelan President Nicolas Maduro, who rose to power after Hugo Chavez’s death in 2013, has declared victory in a disputed election where polling had predicted a landslide loss, shuttering the opposition’s plans for green transformation as an engine of economic resilience.

RWE reported a drop of almost one-fifth year-on-year in power generation covered by the EU ETS during the first six months of 2024, according to preliminary results published Monday.

A vast array of solutions are being worked on but experts urge a ‘fundamental rethink’ as temperatures are forecast to climb even higher in coming decades

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After 18 months of record-breaking ocean temperatures, the planet’s reefs are in the middle of the most widespread heat-stress event on record.

Across the Pacific, Atlantic and Indian oceans, latest figures from the US government’s Coral Reef Watch, shared with the Guardian, show 73% of the world’s corals have been hit with enough heat for them to begin bleaching.

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Over 4,600 animal species are threatened by mineral extraction worldwide, with increasing demand for raw materials needed for clean energy technologies among the drivers of biodiversity loss, according to a new scientific paper released on Monday.

There is a disparity in the voluntary carbon market (VCM), with organizations carrying out carbon projects primarily based in the Global North, according to new research. 

Verra has formally launched its voluntary carbon market quality label for forestry projects, it said Monday.

Researchers say this is the fifth sperm whale to die after being struck by a vessel in the busy waterway.

A Perth-headquartered company has partnered with a Traditional Owners group in Western Australia’s Goldfields region for a project over a huge tract of land it says will generate premium-priced carbon credits with major biodiversity benefits.

South Korea has launched the first greenhouse gas reduction project through e-mobility in Cambodia, which will create internationally transferred mitigation outcomes (ITMOs) under Article 6 of the Paris Agreement.

A British airline will soon charge passengers a fee to help cover sustainable aviation fuel (SAF) expenses.

Carbon capture and storage (CCS) when used to increase oil production in the form of enhanced oil recovery (EOR) can contribute to deeper emissions reductions than regular CCS projects, according to an energy consultancy.

European carbon moved back near the top of last week's €64-€69 trading range, coming within 30 cents of a key technical level as the recent robust selling interest was absent from the market on Monday morning, while natural gas rose amid growing evidence of further tropical storms that could impact US LNG exports.

Regions’ vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance

After Hurricane Beryl stomped across the Caribbean, days after torrential rainfall destroyed thousands of homes in Ghana and Niger, it was evident that the two regions face many of the same challenges. Weeks of catastrophic events underscore the increasing necessity to transform the world’s financial architecture to support these areas.

Earlier this summer, two big conferences happened simultaneously, about 7,000 miles apart. One in CaribbeanAntigua, and the other in Africa,Kenya. The themes were similar: the financial conundrum and developmental crises plaguing the regions.

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The first day of trade for Australian and New Zealand futures contracts on the ASX closed quietly with 1,000 units traded, but prices not given.

Conservation charity raises alarm over climate crisis after wet spring and summer dampen mating chances

Butterfly numbers are the lowest on record in the UK after a wet spring and summer dampened their chances of mating.

Butterfly Conservation, which runs the Big Butterfly Count, sounded the alarm after this year’s count revealed the worst numbers since it began 14 years ago.

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The Zimbabwean government is moving forward with plans to establish carbon trading mechanisms in its second-largest city, as part of the nation’s new Climate Change Management Bill.