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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 10 min ago
Brazilian beef driving illegal deforestation in Cerrado region, NGO finds
Beef production by Brazil's three biggest meatpackers is fuelling illegal deforestation in the Cerrado region, with an area bigger than Chicago cleared between 2008 and 2019 within ranches supplying the companies, an NGO investigation has found.
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Compliance markets will bring guardrails, scale to voluntary carbon as the two converge -experts
The regulatory backbone of compliance mechanisms will help to support and scale the voluntary carbon market (VCM) as the two increasingly overlap, with buyers moving away from individual project assessment to rely instead on the oversight of schemes like CORSIA and Article 6 as a benchmark for credit quality, experts told a webinar Wednesday.
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Improved forest management methodologies present high risk of over-crediting, says think tank
Several improved forest management (IFM) methodologies present a high risk of overstating emissions impacts, according to factsheets released Wednesday alongside a new set of carbon credit quality scores by a German think tank in partnership with NGOs.
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South Africa’s treasury proposes more than tripling carbon tax rate once climate law is finalised
South Africa’s treasury on Wednesday proposed increasing the national carbon tax rate from 190 rand to 640 rand per tonne of carbon dioxide equivalent after the country's new climate change bill comes into effect.
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Next Commission needs to set up “Juncker plan on steroids” for green investments -top EU climate official
The next European Commission term should unleash “a Juncker plan on steroids” to spur on climate investment, the Commission's top climate official said in Brussels on Wednesday.
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RePlanet’s five biodiversity credit projects could generate “$10 mln” each
RePlanet is partnering with other companies on five biodiversity credit initiatives around the world that could each generate “$10 million or more", via an impending blockchain process, an executive has estimated.
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Microsoft buys voluntary carbon removals from Kenyan agroforestry project
Microsoft has signed an offtake agreement for 350,000 tonnes of voluntary Carbon Dioxide Removal (CDR) credits over six years from an agroforestry project in Kenya - the company's second deal this month.
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Euro Markets: Midday Update
EU carbon prices stabilised at slightly lower levels on Wednesday morning as the market digested weekly Commitment of Traders data that showed a small change in speculative traders' positions, leaving bulls and bears lacking strong support for their preferred price direction.
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Bezos Earth Fund allocates $5 mln for conservation efforts in the Congo Basin
The Bezos Earth Fund will pledge $5 million to the Jane Goodall Institute (JGI) to support its conservation efforts in the Congo Basin, the US-based organisation has announced.
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Gold Standard expands voluntary soil carbon crediting scope
Gold Standard has epanded activities under its soil carbon methodology, announcing a new module for zero tillage alongside consultations for cover crops and managed pastures, in what will see the scope of projects eligible for crediting increase.
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Taiwanese emitters with SBTi-aligned plans may be levied less for emissions -minister
Taiwanese emitters are likely to enjoy special discounts if they propose Science-Based Targets initiative (SBTi)-aligned emissions reduction plans under the upcoming carbon levy scheme, which could see more clarity by the end of this quarter.
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FEATURE: EU industries want policy clarity, finance to help meet Green Deal goals
Some of the EU’s biggest polluting sectors say they are on board with cutting the bloc’s emissions by 90% by 2040 but warn it will not happen without the policy and financial incentives to maintain their global competitiveness.
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Australia’s mining giants take different paths to clean steel
Australia’s two largest iron ore miners have disparate views on the green transition of the steel industry their commodity supplies, reports released this week showed.
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Major bank sets capitals markets emissions targets
A large global bank has become one of the first to set goals for the emissions of its capital markets activities, it said Wednesday.
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Senior offset sourcing specialist leaves South Pole for Sydney competitor
A senior carbon and biodiversity sourcing specialist has left South Pole to join a rival project developer.
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Researchers call for voluntary forest carbon credits to be included in UK ETS
A policy paper has called for the UK to include voluntary carbon credits issued under the Woodland Carbon Code (WCC) as part of its domestic compliance carbon market.
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Hundreds of green groups urge EU, G7 to close Russian energy sanction loopholes
Nearly 300 European, international, and Ukrainian NGOs have written to the leaders of the EU and G7, urging them to tighten their control over Russia's fossil fuel exports.
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Clean investments must double for EU to meet its 2030 climate targets -research
Investment in the clean transition must reach €813 billion a year this decade - double the amount spent in 2022 - if the EU is to meet its 2030 climate target and ensure the European Green Deal is a success, according to the first comprehensive analysis on the bloc’s climate investments.
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Japanese trading house to subsidise low-friction paint for maritime decarbonisation
A major trading house in Japan has launched a performance-based payment scheme that encourages the use of anti-fouling paint for ship bottoms with the view of driving down emissions in the shipping sector, it announced Wednesday.
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Australian gas major sees CCS covering most future emissions
Australia’s second largest oil and gas company said Wednesday it sees CCS as the main way forward to control its carbon emissions, while committing to closer monitoring of its Scope 3 emissions.
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