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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 10 min ago
Verra, Malaysian Forest Fund sign deal to align forest carbon initiatives
Verra has signed an agreement with the Malaysian Forest Fund (MFF) to support the alignment of the Southeast Asia nation’s forestry carbon initiatives with the Verified Carbon Standard.
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Biorefinery firm finalises CCS agreements for its Nebraska facilities
A US biorefinery firm on Tuesday announced it has finalised agreements and equipment orders to deploy carbon capture and storage (CCS) with a 1.2 million tonne capacity at its Nebraska plants.
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Over 80% of rich countries fail to meet fair share of biodiversity financing target, report shows
Only two out of 28 rich countries have allocated what is estimated as their fair share of the resources for biodiversity required under the Global Biodiversity Framework (GBF), while over 80% of them provided less than half of it, according to a report released Thursday.
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Hidden emissions from CCUS push could derail the UK’s net zero strategy -think tank
A drive to scale carbon capture utilisation and storage (CCUS) projects, including 'blue' hydrogen and gas with abatement, could lead to increased demand for LNG imports, which in turn would cause the UK to exceed its carbon budget, research by a financial climate think tank has found.
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Veteran North American carbon, energy trader joins European utility
A veteran North American carbon and energy sales trader has joined one of Europe's largest utilities.
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Study highlights untapped, understudied potential of temperate peat-forming wet woodlands for climate mitigation
Wet woodlands not only store substantial amounts of carbon in both tree biomass and underground peat, but also offer natural flood protection and bolster biodiversity, according to a new study.
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Germany’s climate fund is drying up, think-tank warns
Germany’s “Climate and Transformation Fund” (KTF) is nearing breaking point, putting the federal government in front of hard decisions, according to a study by the Berlin-based Mercator Research Institute on Global Commons and Climate Change (MCC) published on Wednesday.
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Petitioners request US federal appeals court to rescind SEC climate disclosure rules
Opponents of the US Securities Exchange Commission’s (SEC) climate disclosure rules have asked a federal appeals court to revoke the regulation altogether, just months after the agency issued a stay to resolve mounting legal challenges.
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Funds sue CME in multi-million dollar lawsuit due to voluntary carbon product changes in wake of CORSIA decision
The change in credits eligible for the current phase of CORSIA, the UN’s international aviation offsetting scheme, compared to its pilot, has triggered a $155.4 mln lawsuit against CME Group after it altered eligibility for its GEO futures contract.
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US foundation allocates over $33 mln to restore longleaf pine forests
A US-headquartered foundation has announced the allocation of $33.5 million in grants to finance the conservation and restoration of longleaf pine forests in eight southern states.
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INTERVIEW: Investors chilled by noise of European Green Deal unravelling
As competition with China and the US intensifies on clean tech, the EU must stay the course on the Green Deal and make sure it is implemented by filling the remaining gaps in areas like finance and electrification of end-uses, says Iberdrola’s director for climate, Gonzalo Saenz de Miera.
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EU Commission earmarks larger budget for 2025, but climate action sum unchanged
Expense for environment and climate action in the EU will remain the same as last year, although the general budget is growing, according to allocations for 2025 proposed by the European Commission on Wednesday.
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Biochar producer announces first pre-purchase agreement in boost for nascent UK carbon removal market
A UK biochar producer has announced its first carbon removal agreement, in what marks a boost for the British carbon removal (CDR) market.
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EU must manage social impacts of carbon pricing, business group warns
A briefing released today by the Corporate Leaders Group (CLG) Europe following EU elections earlier this month, makes the case for a "social deal" and an "industrial deal" alongside the Green Deal, to manage the transition to a net-zero economy.
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EU-China agree to cooperate on emissions trading
The EU and China agreed on Wednesday to cooperate in promoting emissions trading as an effective tool for reaching net zero emissions, as part of a wider pact to work together during a high-level environment and climate dialogue in Brussels.
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Report urges Australia not to let coal mines self-report methane emissions
A report has warned against the Australian government moving to allow all coal companies to self-report their emissions, saying it could obscure millions of tonnes of methane pollution.
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DATA DIVE: The European countries set to capitalise on demand for carbon storage
Certain European countries blessed with geographical advantages can expect to reap significant rewards as demand for carbon storage heats up this decade.
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EU nations call to tweak how ETS is applied to shipping sector to avoid carbon leakage
Spain, backed by a number of EU countries, has proposed tweaking how the ETS is applied to the maritime sector to avoid carbon leakage, and urged the UN shipping body to adopt greenhouse gas emissions measures to avoid regulatory fragmentation.
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Huge REDD carbon project planned in Mozambique
A large REDD voluntary carbon project that will span 4 million hectares has been given the go-head by the government of Mozambique.
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Indigenous-led organisation says communities want to explore biodiversity credits
An Indigenous-led organisation has released guidelines to mobilise funding for First Nations’ nature conservation efforts in Canada, with biodiversity credits among the financing mechanisms that should be explored.
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