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DATA DIVE: Significant interest in CCP-tagged carbon credits towards end of 2024

Carbon Pulse - Wed, 2025-01-22 21:00
December saw a major jump in the retirement of credits tagged with Integrity Council for the Voluntary Carbon Market (ICVCM)’s CCPs quality label, registry data analysed by Carbon Pulse shows.
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US homeowners in disaster-prone states face soaring insurance costs

The Guardian - Wed, 2025-01-22 21:00

Climate crisis is making it harder for insurance companies to operate, with many pausing or withdrawing policies

Homeowners in the United States are facing an enormous financial crunch due to the climate crisis, with many struggling to find insurance or even dropping premiums that are soaring due to a mounting toll of wildfires, hurricanes and other disasters, new federal government data shows.

The figures, the most comprehensive numbers ever released by the US treasury department on the issue, show insurance premiums are increasing quickly across the country, with people living amid the greatest climate-driven risks experiencing the steepest rises of all. In the four years to 2022, people living in the top 20% riskiest places for such perils paid, on average, 82% more than those in the 20% lowest climate risk zip codes.

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South Korea prepares for carbon-linked financial products

Carbon Pulse - Wed, 2025-01-22 20:59
Regulators in South Korea are preparing to introduce emissions-linked financial products, as more financial institutions will soon have access to the country's national carbon market.
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World’s addiction to fossil fuels is ‘Frankenstein’s monster’, says UN chief

The Guardian - Wed, 2025-01-22 20:54

António Guterres issues warning at Davos, days after Donald Trump pulled US out of Paris climate agreement

The world’s addiction to fossil fuels is a “Frankenstein’s monster sparing nothing and no one”, the UN secretary general, António Guterres, told leaders at the World Economic Forum in Davos on Wednesday.

“Our fossil fuel addiction is a Frankenstein’s monster, sparing nothing and no one. All around us, we see clear signs that the monster has become master,” Guterres said in a speech days after 2024 was revealed to have been the hottest year on record and Donald Trump began his second term as US president by pulling the country out of the Paris climate agreement and pledging to “drill, baby, drill” for more oil and gas. The fossil fuel industry gave $75m (£60m) to Trump’s campaign.

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Burning wood for power not necessary for UK’s energy goals, analysis finds

The Guardian - Wed, 2025-01-22 20:39

Experts say UK should stop biomass burning as electricity sector decarbonisation by 2030 can be achieved without it

The UK should stop burning wood to generate power because it is not needed to meet the government’s target of decarbonising the electricity sector by 2030, according to analysis.

Ed Miliband, the energy security and net zero secretary, is expected to make a decision soon on whether to allow billions of pounds in new public subsidies for biomass burning, despite fierce opposition from green groups.

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Danish firms partner on 500k-tonne BECCS facility near Copenhagen

Carbon Pulse - Wed, 2025-01-22 19:56
A Danish waste-to-energy company has partnered with a fund manager to build a bioenergy with carbon capture and storage (BECCS) site near Copenhagen that could generate carbon credits for corporate buyers, the two firms announced on Tuesday.
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Verra releases CORSIA carbon credit label guidance

Carbon Pulse - Wed, 2025-01-22 19:10
Voluntary carbon standard Verra has released a guidance document that provides instructions for how project developers can request labels for credits eligible under the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
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Japanese developer to conduct agroforestry projects in Haiti

Carbon Pulse - Wed, 2025-01-22 18:44
A Tokyo-headquartered project developer is expanding its presence in Haiti, in the hope of securing millions of carbon credits from agroforestry initiatives in the coming years.
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‘Putricia for president’: Sydney’s blooming corpse flower becomes a cult hero – to those who can’t smell her

The Guardian - Wed, 2025-01-22 18:05

Acronyms, in-jokes and online fan clubs spring up as viewers across the globe prepare for Sydney’s first corpse bloom in 15 years – from a safe distance

In a Sydney greenhouse, a tall pointed flower is about to bloom for the first time in years.

To the scientific community, the Botanic Gardens of Sydney’s corpse flower is known as amorphophallus titanum, which translates to large, deformed penis. But online, the rare endangered plant has taken on a new name: Putricia.

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Australian oversight body explains the barring of beef herd management method

Carbon Pulse - Wed, 2025-01-22 17:59
Australia’s carbon market oversight body cited evidence and uncertainties that the beef herd management methodology no longer meets the offset integrity standards (OIS), as to why it advised against renewing the method.
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AU Market: ACCUs slide to 4-mth low as election uncertainty rattles the market

Carbon Pulse - Wed, 2025-01-22 17:48
Australian Carbon Credit Unit (ACCU) prices recovered slightly Wednesday after hitting a four-month low Tuesday, with the lead up to the next federal election and bearish signals affecting market sentiment. 
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Thailand’s cabinet approves carbon tax on fossil fuels

Carbon Pulse - Wed, 2025-01-22 16:03
The cabinet of Thailand on Tuesday approved its plan to impose a carbon tax on oil and other petroleum products in an effort to reduce the country's greenhouse gas emissions.
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Commodity trader teams up with non-profits in bid to raise carbon finance for Amazon protection

Carbon Pulse - Wed, 2025-01-22 16:00
A multinational commodity trader has combined with two non-profits to launch an initiative aimed at mobilising billions in private-sector investment for Brazilian rainforest protection, including via REDD+ finance.
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Australia’s CER opens consultation to ease audit burden for smaller ACCU developers

Carbon Pulse - Wed, 2025-01-22 15:37
Australia’s Clean Energy Regulator (CER) on Wednesday opened its draft Audit Thresholds Instrument 2025 for Australian Carbon Credit Units (ACCUs) for consultation.
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Verra approves first carbon credits from improved agricultural land management

Carbon Pulse - Wed, 2025-01-22 12:28
Verra has approved the first Verified Carbon Units (VCUs) from an offset project developed based on improved agricultural land management (IALM) practices.
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Quebec considers green economy rollbacks after President Trump’s executive actions -media

Carbon Pulse - Wed, 2025-01-22 12:04
Quebec’s green economy plan may shift after US President Donald Trump signed a slew of executive orders immediately following his inauguration, but the province’s carbon market is not an area of concern, local media reported Tuesday.
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