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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 51 min ago
Over 300 organisations commit to disclosing nature risks under TNFD
A cohort of 320 organisations with $4 trillion in market capitalisation have committed to begin adopting recommendations on nature-related financial disclosures within the next two years, in a sign of growing efforts to understand the financial risks posed by biodiversity loss.
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Oil major investors unite with activists in calling for stronger emissions targets
Investors in Shell have joined forces with an environmental activist group to call for more aggressive targets from the oil major in reducing carbon emissions to be set at its annual meeting, including accounting for Scope 3 output.
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Fintech initiative aims to attract $100 bln investment for carbon credits
An initiative announced by two carbon fintecth firms at the World Economic Forum (WEF) summit in Davos aims to attract $100 billion in capital market investments into 'high-integrity' carbon credits to help address the multi-trillion dollar annual climate financing gap.
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Bank calls for rapid scaling up of global biodiversity finance, tech deployment
The world needs better economic incentives and clear policy direction to ramp up biodiversity finance and deploy nature measurement technology at a scale not seen before, a major investment bank has said.
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China’s property sector sees first offset standard for public buildings
A coalition led by the digital arm of a major real estate developer in China has released the country's first emission reduction standard for public buildings.
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Developer ties up with Indian state autonomous body on carbon projects
An Indian carbon offset project developer has signed a Memorandum of Understanding (MoU) with a state autonomous industrial body to develop mitigation projects across the South Asian country under domestic as well as international voluntary and compliance carbon markets.
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More work needed to quantify Australian emissions reductions -audit
An auditing body within Australia’s government has found more work needs to be done to quantify the government's work in reducing its emissions per the commitments it made in 2022.
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State-owned Taiwanese agricultural firm taps into carbon farming
A state-owned agricultural company in Taiwan has decided to tap into the carbon farming sector, as the government seeks to assess the potential of soil carbon across the island as part of a national climate strategy.
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ANALYSIS: Barossa LNG court dismissal focusses attention on ACCU supply dynamics
Australian gas company Santos’ Barossa project is expected to have a significant impact on medium- term Australian Carbon Credit Units (ACCU) supply and demand dynamics, given that it will be unlikely to get its CCS element up and running until the late 2020s or the 2030s, according to analysts.
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Speculators shed 2 mln NZUs as stockpile shrinks slightly
The stockpile of privately held NZUs has fallen by some 900,000 units as speculators decrease their holdings of units, according to government figures.
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CP Daily: Monday January 15, 2024
A daily summary of our news plus bite-sized updates from around the world.
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Quebec scales down free allowances, rise in recipient entities in 2024
Quebec’s initial free allowance distribution for 2024 regressed slightly from the previous year, even as the number of industrial cap-and-trade emitters receiving allocation increased, according to data published Monday by the province's environmental ministry.
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Research shows US east-west forest health diverging under climate stress
Forests in the western US are absorbing less CO2 due to more severe climate change impacts, while those on the eastern side of the country are growing slightly faster thanks to more favourable conditions, scientists have found.
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Accounting for Nature partners with Australian fintech firm to build platform linking environmental co-benefits with global carbon credits
Accounting for Nature (AFN) has partnered with an Australian technology solutions firm to develop digital infrastructure linking environmental improvements to eligible carbon credits, they announced Tuesday.
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Utility cannot charge Wyoming consumers for compliance with Washington cap-and-trade programme
A US west coast power producer was unsuccessful in its attempt to cover the cost of compliance with Washington’s Climate Commitment Act (CCA) through a rate increase for Wyoming consumers, in a decision by state utility regulators in January.
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FEATURE: Scottish landowners could switch from shooting revenue to environmental markets via new bill
A new bill to curb predator control used to support grouse shooting and the practice of muirburn on Scottish moorland could lead landowners to switch to activities that produce carbon or biodiversity credits as alternative income sources.
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Experts urge EU to see 2040 climate target as economic and security problem
The European Commission should grab the opportunity to propose the EU's 2040 climate target by approaching an upcoming deadline as an economic and security choice, a pan-European think tank has said ahead of the release expected in a few weeks.
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VCM Report: Shell and signs of a REDD revival dominate voluntary carbon market
Shell’s ongoing retirement spree and signs of a REDD revival for fresh vintage credits dominated voluntary carbon market activity over the past week.
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EU climate progress beyond pure emissions tracking is still a “blind spot”, say researchers
Climate action in the EU is still underreported, especially information that goes beyond pure emissions data to provide insights on longer term trends, a report showed on Monday.
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Coal unions, an uncooperative president stand in the way of Polish climate ambitions
The Polish government will have to tackle powerful coal unions and appease an uncooperative president in order to follow through on intentions to set an end date for coal and target climate neutrality by 2050, according to experts.
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