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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 12 min 18 sec ago
Issues with EU nature restoration law need resolution, says Commission biodiversity official
Elements of the EU nature restoration bill need resolving if the provisional legislation is to succeed, the deputy head of the European Commission’s biodiversity unit has said.
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Mozambique forest carbon crediting scheme stalls over ongoing deforestation
A forest carbon partnership programme in Mozambique, issuing large volumes of carbon credits to a project in the country, has experienced above-baseline deforestation at the site, with the nation's engagment in the voluntary carbon market (VCM) also subject to regulatory roadblocks, according to local and international sources.
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Axis and allies: Researchers map countries likely to support, oppose EU’s CBAM
Researchers have identified the countries most likely to the support the EU’s Carbon Border Adjustment Mechanism (CBAM), and therefore which governments are most willing to accept it amid an objective of securing the policy’s survival and broader adoption globally.
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EU nations call for ambitious 2040 climate targets in joint letter
The European Union's executive body, the Commission, should recommend an ambitious climate target for 2040, said the ministers of 11 member states on Friday, following a leak of the draft proposal seen by Carbon Pulse.
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Companies unable to comply with EU carbon border policy due to tech issues
Companies that must comply with the EU’s carbon border adjustment mechanism are facing difficulties in submitting their reports less than a week before the first reporting deadline, multiple national EU registries have said.
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GRI launches biodiversity impact standard 101
The Global Reporting Initiative (GRI) has launched a new biodiversity standard for supporting organisations in assessing their impacts on biodiversity, as stakeholder demand for nature-related disclosures gains traction.
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Climate tech deals in carbon, industry were bright spot in otherwise tough 2023 -analysts
Investor appetite for climate tech deals in industry and carbon was particularly strong last year, even as overall investment dropped 30% on the year prior, say analysts.
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Fresh expose of hot air in cookstoves carbon market met with cool reaction
A fresh expose this week about over-crediting in cookstoves projects has been met with a muted voluntary carbon market (VCM) reaction, although the sector is ‘well offered’, according to sources.
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Oil and gas emissions to eat up two-thirds of global carbon budget despite industry pledge, says NGO
Oil and gas companies that have signed up to a COP28 sectoral decarbonisation pact are set to use over 60% of the world’s remaining carbon budget under a 1.5C warming scenario, according to an NGO.
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Nature scientist at “wit’s end” with arguments against plant-based farming
A nature scientist clashed with a farming industry representative about how agriculture should address biodiversity loss, during an Ireland-focused webinar.
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Euro Markets: Midday Update
European carbon allowance prices posted modest gains on Friday after early weakness was erased by an unusually strong auction result that sparked a sharp rise in prices, even as traders continued to try to establish the market's overall direction with EUAs beginning to find a short-term level.
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Singaporean biodiversity and carbon credit tech startup closes seed funding round
A startup based in Singapore focused on delivering data on biodiversity and carbon credits has closed its seed funding round.
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CN Markets: CEAs stable, CCER liquidity remains low despite market relaunch
Allowances in the Chinese carbon market rose slightly over the past week amid lukewarm demand, while the national offset market saw liquidity remain sluggish even after the official restart of the national voluntary programme.
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FEATURE: New initiative weighs up carbon markets as financial mechanism to incentivise keeping oil underground
A fresh initiative is spearheading the idea of compensating resource-rich nations for leaving oil reserves untapped, with potentially significant benefits for climate mitigation and the carbon markets.
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Japan to boost J-Credit supply with new project registrations
Japan’s J-Credit certification committee on Friday registered 32 new projects to start earning credits under the scheme, while issuing some 75,000 units to existing programmes.
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Japanese trading house to develop woody biomass project in Indonesia
A Japanese trading house has teamed up with a Nordic biomaterial solution provider for the sustainable utilisation of woody biomass, targeting emissions reductions from use of forest resources in Indonesia, it announced Friday.
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ANALYSIS: Lag in Swiss funding revives additionality questions over Thai Article 6 carbon sales
The lag between project inception and receipt of financing in the world’s first internationally transferred mitigation outcomes (ITMOs) - transacted in January from Thailand to Switzerland - is raising questions about the financial additionality of these credits traded under the Paris Agreement's Article 6.2, experts have told Carbon Pulse.
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CP Daily: Thursday January 25, 2024
A daily summary of our news plus bite-sized updates from around the world.
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WCI Markets: WCA prices plummet below CCAs amid Washington programme uncertainty
Washington Carbon Allowance (WCA) prices took a nosedive following verification of a ballot initiative aimed at repealing the state's Climate Commitment Act, while California Carbon Allowance (CCA) prices once again briefly broke to new all-time highs earlier in the week.
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Washington House committee advances WCI linkage, debates speculator study bills for cap-and-invest
Members of the Washington House Environment and Energy Committee advanced a bill intended to facilitate linkage between the state's young cap-and-invest programme and the California-Quebec carbon market on Thursday, while also hearing testimony and debating issues around a proposal to study the inclusion of speculators in allowance auctions.
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