Carbon Pulse
News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 2 hours 20 min ago
Biodiversity Pulse: Thursday October 5, 2023
A twice-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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INTERVIEW: Science-based approach for regenerative farming seen meeting integrity needs for voluntary carbon markets
A US-based agricultural products company has said its microbiological additives could tackle two of the biggest challenges for agricultural carbon removal projects, permanence and additionality.
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Plan Vivo developing biodiversity credit pricing guidance
Plan Vivo aims to launch guidance on the pricing of biodiversity credits within a year, Carbon Pulse has learned.
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Commercial forestry investor starts to factor carbon into its returns where there is market certainty -conference
The forestry division of a UK-based alternative asset manager is starting to factor carbon credit revenue into the returns of its commercial forestry assets where there is some degree of market certainty, a conference heard on Thursday.
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Pair of insurance partnerships announced to provide security to carbon credit buyers
Two partnerships for providing insurance on carbon credits were announced Thursday, with both intended to help provide financial and reputational security on transactions and scale investment in the voluntary carbon market (VCM).
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Carbon credit issuances tumble in September, ahead of first CCP labels
Carbon credit issuance from the big four registries tumbled in September to their lowest in at least a year, amid single digit prices for avoidance credits coupled with the limbo created by the ICVCM’s launch of its assessment framework for Core Carbon Principle eligibility.
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EU ETS will need 200 Mt of carbon removals by 2050 to neutralise emissions -analysts
The EU's compliance carbon market will need an estimated 200 million tonnes of carbon removals by mid-century to cancel out residual emissions in the mechanism, analysts said Thursday, based on a modelling of the 'least cost' way to meet the bloc's 2050 net zero target.
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EU co-legislators forced to go back to basics on nature restoration law
EU legislators failed to advance past initial exchanges in their first attempt to finalise the bloc's divisive nature restoration bill on Thursday, instead asking officials to craft compromises in an effort to break an impasse.
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Latest Green Climate Fund raise surpasses $9 bln as multiple donors announce last-minute pledges
The UN's Green Climate Fund (GCF) has secured $9.3 billion in pledges across 25 countries with a large proportion announcing cash at a high-level event in Germany on Thursday, though the total remains below each of the previous two fundraises.
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EU to phase out F-gases by 2050, pushing standards worldwide to follow
European co-legislators reached a provisional political agreement on Thursday to phase out by 2050 fluorinated greenhouse gases (F-gases), in a bid to set higher environmental standards for the rest of the world.
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Investor outlines much-needed changes in rapidly evolving biodiversity market
Investor and advisory firm Pollination has identified a series of areas where the fledgling, but fast-evolving biodiversity credit market needs or is likely to see significant developments in coming years.
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GreenCollar issues first NaturePlus credits, releases details on standard
Almost a year after the scheme was officially launched, Australian carbon project developer GreenCollar has announced the very first issuance of its NaturePlus Credits, which it hopes to establish as a leading global biodiversity credit type.
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Ukraine minister underlines need to introduce ETS as soon as possible in light of EU CBAM -media
Ukraine's environment minister has told domestic media sources that the country must adopt a law on a national ETS as early as next year, with an aim of introducing it in 2025, to avoid any negative impact on Ukrainian exports linked to the EU's carbon border adjustment mechanism.
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ICVCM names new CCO as McDonnell joins Australian insurance giant
The private sector-led Integrity Council for the Voluntary Carbon Market has named a new interim COO to succeed William McDonnell, who will join Insurance Australia Group as its new CFO.
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Euro Markets: Midday Update
EUAs retraced on Thursday after the prior session's gains, with energy prices also moving lower across the morning, as markets shrugged off reports that further LNG strikes at key Australian export terminals may lie ahead.
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EU Parliament backs new commissioners for climate, Green Deal
The full European Parliament approved on Thursday the designation of Wopke Hoekstra as commissioner for climate action and Maros Sefcovic’s new role as executive vice-president in charge of the Green Deal.
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Taiwan revises rules to expand emissions verification capacity
Taiwan has eased a set of management rules for greenhouse gas (GHG) inventories to expand its of third-party emissions accreditation and verification capacity, amid growing domestic concerns over the impact of EU's carbon border adjustment mechanism (CBAM).
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US outfit launches sheep grazing credits for vineyard systems
Regen Network has established an environmental stewardship credit class for sheep grazing on vineyards, with a first batch of units issued to an estate in California.
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Rating agencies downgrade India’s biggest carbon developer
Two ratings agencies in India have downgraded the country’s biggest carbon developer’s ratings after it recently filed losses for a second consecutive quarter.
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Emissions barely rose in first half of year despite tightly balanced clean energy sector -think tank
Global emissions rose 0.2% in the first half of the year despite higher solar and wind penetration thanks to drought conditions hampering hydropower generation and pushing more fossil fuel-generated power into the grid.
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