Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 46 min 23 sec ago
Gold Standard and GGGI team up to launch policy crediting framework
Carbon credit certifier Gold Standard has partnered with the intergovernmental body Global Green Growth Institute (GGGI) to deliver a policy crediting framework than would enable country-to-country emissions trade at scale under Article 6 of the Paris Agreement.
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Euro Markets: Midday Update
European carbon rose for a seventh day on Thursday, setting a new two-month high as natural gas prices roared higher amid continued short covering after the Netherlands announced that a major gas field will be closed later this year.
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EU lawmakers defeat efforts to kill nature bill, vote postponed due to lack of time
The European Parliament's environment committee (ENVI) narrowly defeated a move to fully reject the highly disputed nature restoration bill on Thursday, but its full position is yet to be established because the voting process was suspended after several hours due to a lack of time.
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Biodiversity Pulse Weekly: Thursday June 15, 2023
A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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Biodiversity offsetting included as green investment in EU green taxonomy
The European Commission has included biodiversity offsetting in its taxonomy of what counts as a sustainable investment, against the recommendations of the body advising the EU executive on green taxonomy rules.
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China thermal power growth accelerates in May amid expanded coal output
Growth in China’s thermal power generation accelerated in May, outpacing the growth of total power output amid expanded coal production, despite the slower-than-expected economic recovery, government data showed Thursday.
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Global steel industry has the mettle to decarbonise by early 2040s, say think-tanks
The global steel industry could achieve net zero emissions by the early 2040s without risking stranded assets from existing coal-based blast furnaces, according to a new study by two European think-tanks.
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CP Daily: Wednesday June 14, 2023
A daily summary of our news plus bite-sized updates from around the world.
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Africa Climate Mobility Initiative, Mozambique govt launch programme to advance carbon trading
The Africa Climate Mobility Initiative (ACMI) and the Mozambique government this week launched a scheme aimed at integrating the country into global carbon markets and fostering sustainable economic growth.
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Singaporean carbon management platform partners with major Japanese firms
A Singapore-headquartered decarbonisation SaaS platform operator is aiming to make a foray into the Japanese market through strategic partnerships with local and international companies, lining up several major firms for a partnership, it announced Thursday.
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Peruvian appeals court overturns Cordillera REDD+ project ruling
An appeals court in Peru has unexpectedly overturned a landmark ruling that would have given an Indigenous community there the right to reclaim ancestral rainforests in the Cordillera Azul National Park, which has been registered as a REDD+ project.
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BHP backs three projects to help scale blue carbon in Australia
Miner BHP has picked three projects to support via its blue carbon grants programme in a bid to help drive marine emissions cuts across Australia and develop blue carbon methodologies for the domestic carbon market.
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Communications Associate, Voluntary Carbon Markets Integrity Initiative (VCMI) – Flexible Location
The VCMI Communications Associate will join a small but critical team at the heart of VCMI. The Communications Associate has the opportunity to input into and guide the VCMI communications strategy, lead on integral communications activities and products, and coordinate important working relationships with external communications consultants and services.
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Quebec awards more offsets than California, as ARB’s distribution craters
Quebec distributed more compliance offsets than WCI partner California this week, as a plunge in the Golden State's issuances lined up with one of the few yearly allocations by La Belle Province, according to government data published Wednesday.
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California’s ARB reiterates greater cap-and-trade ambition, says formal rulemaking could begin this year
California regulator ARB discussed potential scenarios of raising the Allowance Price Containment Reserve (APCR) tiers and ceiling prices in addition to modelling increased stringency of the cap-and-trade programme at a webinar on Wednesday, adding that formal rulemaking could begin as early as this year.
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EU climate science advisors recommend 90-95% GHG cut as 2040 target
The EU's panel of climate science advisors has recommended that the bloc set a 2040 greenhouse gas emissions reduction goal of 90-95% below 1990 levels in upcoming legislation, an interim goal that would hinge largely on the rapid decarbonisation of the power sector.
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Nova Scotia June cap-and-trade auction settles at floor with major utility absent
The Nova Scotia carbon auction this month sold all allowances at the scheme’s floor price, with the Canadian province’s largest utility not having qualified after receiving millions of extra free permits this spring, according to results published Wednesday.
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Status quo for 2023-25 RFS volumes will weigh on RIN prices, bank says
US biofuel credit (RIN) prices will continue to face pressure if the EPA does not hike the next three years’ worth of Renewable Fuel Standard (RFS) quotas in an upcoming final rulemaking, a major investment bank said Tuesday.
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Rio de Janeiro approves tax breaks to incentivise voluntary carbon credit use
Rio de Janeiro Mayor Eduardo Paes this week signed legislation to reduce costs for firms utilising voluntary carbon credits and position the Brazilian city as a centre of the green economy.
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British Columbia reviews fuel switching offset protocol due to additionality risk
The British Columbia government on Tuesday put the province’s fuel switching offset protocol (FSOP) under review because emissions reductions under the methodology may no longer be additional to business-as-usual practice.
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