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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 33 min 55 sec ago
INTERVIEW: Smaller developers in danger of bearing unnecessary biodiversity net gain costs
Smaller developers in England could incur unnecessary costs while aligning with the country’s biodiversity net gain (BNG) policy, with worse outcomes for nature, a consultant has said.
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Swiss tech firm partners with German investor to develop nature-based solutions
A Swiss climate solutions and technology company and a German impact investor have teamed up to develop nature-based solutions aimed at tackling biodiversity loss.
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Solar farm developer commits to protecting biodiversity as UK project sparks criticism
A solar farm developer has committed to adopting measures to protect and enhance biodiversity, as criticism has mounted in recent weeks over the company's plans to build a facility in the UK.
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Scottish highland estate to generate biodiversity credits
An environmental consultancy is helping a client prepare to generate biodiversity credits from a 2,000-hectare estate in the Scottish highlands, in collaboration with RePlanet.
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Aviation knuckles down on increasing green fuel supply as United grows SAF fund
New corporate partners are joining the push by United Airlines to scale up sustainable aviation fuel (SAF) by way of a dedicated fund, as e-fuel company OXCCU moves to start construction on its first demonstration plant in the UK.
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Germany seeks cancellation of spare EU carbon permits freed up by coal exit -media
EU carbon allowances that are no longer needed by German coal power plants being retired as part of a state-enforced coal exit are to be permanently removed from the market, the government told a media source.
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Mexico strengthens ties with local communities to ramp up voluntary land conservation
The Mexican federal environment agency has worked with local communities to expand its programme for voluntary land conservation to protect more than 1.5 million hectares in total.
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Carbon intensity, not colour, will determine future of low-carbon hydrogen -report
There needs to be a better understanding of the global value chain of hydrogen production and governments must make regulations based on its carbon intensity rather than colour, a report by an energy consultancy said Thursday.
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Euro Markets: Midday Update
European carbon prices rose for a second day on Thursday as short-covering bolstered the market despite lingering bearish overall sentiment, while the wider energy complex snapped a six-day losing streak after the EU said it would not look to extend agreements to transship Russian gas through Ukraine.
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Carbon removal credits trade on CBL platform for first time
Durable carbon dioxide removal (CDR) credits have traded on the CBL exchange for the first time, marking a milestone in the nascent sector’s evolution into the mainstream voluntary market.
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Bank-backed voluntary carbon network appoints former BP chief as chair
A voluntary carbon credit transaction network developed by several global banks has this week appointed the former head of oil major BP as its chairman.
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UN migratory species meeting announces global habitat connectivity initiative
A global initiative to identify, protect, and connect areas critical to migratory species has been launched at the ongoing 14th Conference of the Parties to the Convention on the Conservation of Migratory Species (CMS) in Samarkand, Uzbekistan.
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Voluntary carbon standard to explore mining sector potential for permanent removals
A voluntary carbon market standard and registry has launched an initiative to explore opportunities for removals projects in the mining sector with a focus on mineralisation and enhanced rock weathering activities.
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Japanese exchange operator taps into Vietnam carbon market
A Japanese carbon marketplace operator has secured a strategic partnership with one of the largest IT companies in Vietnam as its latest foray into the Southeast Asian market.
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Stringent maritime targets urgently needed to align with IMO strategy -report
International shipping targets would need to be "very stringent right from the start", to align with the International Maritime Organisation (IMO) strategy and reach net-zero emissions by 2050, according to a report released Thursday.
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Future JETPs need greater coordination and more finance to be scalable, say NGOs
The current model of just energy transition partnerships (JETPs) to help developing countries decarbonise is not working, and an improved model should be created, according to a paper published Thursday by philanthropic and environmentalist NGOs.
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Japanese shipping firm completes blockchain-backed insetting pilot
A Japanese shipping giant has carried out an insetting pilot featuring the tokenisation of emissions reductions as part of a broader target to decarbonise its supply chain, it announced Thursday.
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Land-based solutions lead near-term CDR promise, but variety needed to meet climate goals -study
Land-based measures show the highest potential to support CO2 removal (CDR) in the near term, but the world's climate targets will not be met without the deployment of a range of such solutions at a multi-gigatonne scale, with ocean-related technology holding the most large-scale promise long term.
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No surprises in Indonesia election as Prabowo claims victory
Indonesia’s former defence minister Prabowo Subianto declared victory late Wednesday in Indonesia’s presidential election, after unofficial tallies showed he had secured a majority of the votes.
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California offset issuance trails January levels
California compliance-grade offset issuance over the last three weeks fell to almost 45% below January’s distribution, with units offering direct environmental benefits (DEBs) to the state also trailing the prior month, according to data published by state regulator ARB on Wednesday.
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