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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 23 min ago
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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Oregon Clean Fuels Program sets new record high for credit generation in Q3 2023
Oregon’s Clean Fuels Program (OCFP) generated a record-high volume of credits for the second consecutive quarter, growing the programme’s credit bank amid cratering secondary market prices, according to state data published Tuesday.
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US climate tech firm targeting methane receives $10 mln investment
A climate solutions company specialising in technology to cut methane emissions and deliver affordable zero-emissions hydrogen has closed on a $10 million investment to further develop its offering.
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Carbon capture tech company eyeing $7-9 mln private fundraising
A carbon capture technology company is looking to raise capital via a private placement of shares to fund expansion into the US and develop its technology further.
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UN carbon markets proposals include REDD+ provisions as part of sustainable development tool
The Article 6.4 Supervisory Body, mandated to shape the rules governing carbon crediting under the Paris Agreement, will come together to discuss several procedural mechanisms and the role of a centralised registry at the end of February, as observers noted with surprise a developed appendix dedicated to REDD+ activities in one of the draft documents published ahead of the meeting.
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Fossil fuels in the dock as EU petitioners compare them to tobacco lobbies
Fossil fuel companies should be held accountable for their contribution to inflation, and kept at arm's length from policy making, just like tobacco lobbyists, according to groups heard on Wednesday by the European Parliament's Petition committee.
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European Commission ‘not worried’ by falling carbon price, says senior official
The European Commission is "not too worried" about the tumbling price of carbon allowances, Kurt Vandenberghe, director-general of DG CLIMA, told a virtual event on Wednesday.
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New Mexico legislators approve clean transportation fuel bill
A New Mexico bill to implement a clean fuel standard by mandating a reduction in transportation fuel carbon intensity (CI) passed the legislature on Tuesday and now awaits approval by the governor.
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European Parliament committees adopt rules on corporate voluntary carbon credit use
Members of the joint European Parliament committees for the Internal Market and for the Environment adopted on Wednesday new rules regulating the use of carbon credits by EU companies.
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Canadian carbon project developer to pilot Netherlands DAC firm technology
A Montreal-based carbon removal project developer announced partnering with another European direct air capture (DAC) company on Wednesday, to pilot new carbon removals technology in Canada.
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IEA members add precision to talk of transitioning away from fossil fuels
Reaching net zero emissions by 2050 means that no new unabated coal plants should be built and no new long lead-time conventional oil and gas projects are needed, the International Energy Agency’s 31 member countries said on Wednesday.
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Three-quarters of critical habitats in the Americas miss the GBF target -study
As much as 75% of habitats in the Americas are under protected, falling below the Convention on Biological Diversity's (CBD) target of 30% preservation due to monitoring flaws, researchers have found.
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Fair trade company secures inaugural deal under Brazilian green finance programme
A US-headquartered food and beverage company has become the first firm to secure financing from Banco do Brasil as part of a newly-announced programme aimed at advancing the export chain of nature-friendly, low-carbon products from Brazil.
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Crossing Amazon tipping points risks adjacent forests, permanent degradation -study
By 2050, some 10-47% of the Amazon rainforest will be threatened by increased disturbances, endangering adjacent forests through meteorological feedback loops and risking permanent degradation, according to a study published Wednesday.
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UK consultation looks at what carbon storage data should be publicly available
The UK’s North Sea Transition Authority (NSTA) on Wednesday opened a consultation looking at the kind of carbon storage information that should be made publicly available and on what timescales, in a move that it says will support project planning and decision-making.
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