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Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 21, which saw new pronouncements and high hopes for measures in countries such as the Dominican Republic, Mexico, Brazil, and Argentina – but fitful progress.

The discovery that lumps of metal on the seafloor produce oxygen raises questions over plans to mine the deep ocean.

If approved, the region would become Scotland’s third national park and first to be made official in UK since South Downs in 2010

Galloway has been selected by the Scottish government as the preferred site for Scotland’s third national park.

The region, which came out top from a shortlist of five, will now be the subject of a consultation and an investigation into its suitability before potentially being made official by 2026. The unsuccessful candidate areas were Lochaber, Loch Awe, Scottish Borders and Tay Forest.

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An Israeli climate tech startup has completed a seed funding round to scale and deploy its water-based CO2 removal (CDR) technology. This latest round brings the total funding raised by the company to $10 million. 

A Vancouver-based firm specialising in renewable energy projects intends to build a C$3 billion ($2.18 bln) refinery and solar farm east of Moose Jaw in Saskatchewan, incorporating the latest green technology.

The UK's new government faces a "substantial challenge" in decarbonising the power system by 2030, an analytics and consulting firm warned on Monday - the same day London proposed changes to align its capacity markets with reaching net zero emissions by 2050. 

A global bioethanol alliance says biogenic CO2 from fermentation can be stored at a cost of less than €100 per tonne. So why is it not on the IPCC’s list of carbon removal technologies?

Singapore-headquartered marketplace PCX Markets has seen a sharp increase in demand for plastic credits, claiming the sale of units on its platform helped fund the recycling or upcycling of 9,000 tonnes of plastic waste last year.

The European Union will need to maintain its position as a global leader in sustainable finance, driven by high consumer demand and a set of regulations against greenwashing that are due to improve next year, according to research published last week.

An international oil and gas company is seeking approval for its plans to build a new CO2 pipeline under the English Channel. 

Developer of Australia's biggest solar farm is pushing another solar and battery project to the NSW planning department, this time in the Snowy Mountains.

The post Solar and battery project proposed for gateway to Snowy Mountains appeared first on RenewEconomy.

European carbon prices weakened throughout the morning on Monday, dropping to a 12-week low as natural gas prices also came under pressure as the August options contract expiry approaches at the end of the week, while analysts highlighted changes to the auction programme that mean there will be no cuts in volume sold next month.

The European Commission is looking into ways to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) from as early as next year, the head of the Commission’s taxation unit told Carbon Pulse.

The government of Para in Brazil has opened a public consultation regarding a pilot concession for forest conservation projects to generate carbon credits and other environmental assets.

Hitting target for zero-carbon electricity system will require ‘step-change’, says analyst Cornwall Insight

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Solar and wind power generation will fall well below the target needed to decarbonise Great Britain’s electricity grid by 2030 without an injection of £48bn, according to a forecast from one of the UK’s leading energy analysis companies.

The government has promised to deliver a zero-carbon electricity system by 2030, requiring the doubling of onshore wind, tripling of solar power and quadrupling of offshore wind capacity.

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A Japanese developer has become the first to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), potentially paving the way for a boost of supply for the scheme.

Suriname has released its updated National Biodiversity Strategy and Action Plan (NBSAP) under the Kunming-Montreal Global Biodiversity Framework (GBF), setting out a broad range of actions to ramp up funding for nature conservation and restoration.

An Indigenous Peoples group in Malaysia’s Pahang state has filed a court case against a palm oil plantation firm as well as the state and federal governments over a proposed palm oil project it says breaches their land rights and endangers wildlife.

The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.

The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.