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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 29 min 33 sec ago
Taiwan adds two methodologies to encourage forest and bamboo management
Taiwan has given the green light to two new offset methodologies for nature-based projects, which can create carbon credits from forest and bamboo management activities.
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Iceland proposes mileage tax on fossil fuel vehicles, doubles carbon tax
Iceland’s Ministry of Finance and Economic Affairs submitted a bill to parliament last week proposing a new mileage tax on fossil fuel-powered vehicles.
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Australian opposition refuses to be drawn on Safeguard Mechanism questions
Australia’s opposition climate spokesperson has refused to say whether a future Coalition government would support the reformed Safeguard Mechanism, as the lack of certainty continues to be a headache for investors and emitters, according to conference attendants.
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China’s new economic stimulus policy adds uncertainty to emissions outlook
New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country's annual emissions may fall this year thanks to the massive additions of renewables, analysts said.
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COP16: Governments pledge $165 mln to GBF Fund
Eight governments on Monday pledged a total $163 million in new funding for the Global Biodiversity Framework Fund (GBFF), taking the total amount committed to the fund to just below $400 mln, less than 2% of what developed nations have promised to contribute by the end of next year.
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Warming will worsen global economic divide by disrupting forest ecosystems, researchers warn
Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.
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ANALYSIS: RGGI’s Third Program Review modelling updates under fire
RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.
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RGGI Market: RGAs inch lower amidst illiquidity, programme review muddles
RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.
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ANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote
California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.
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Biogas tech provider acquires dMRV firm
A biogas technology provider serving the agricultural sector has acquired a digital MRV firm.
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Canada Growth Fund proposes to fund major CCS project in Alberta oilsands -media
Canada’s C$15 billion ($10.9 bln) public investment fund has made an offer to finance carbon capture and storage (CCS) technology for the fossil fuel industry, media reported Monday.
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Significant market opportunity for biodiversity-centred agricultural carbon projects in LATAM, Caribbean -report
Carbon credit projects that centre biodiversity in the agricultural sector of Latin America and the Caribbean (LAC) can attract broader investment and meet both climate and biodiversity targets, said a report authored by voluntary carbon market (VCM) proponents on Monday.
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MRV research funding should prioritise biomass sinking, enhanced rock weathering -study
An October study attempts to shed light on how research and innovation funding for monitoring, reporting, and verification (MRV) should be prioritised for CO2 removal (CDR) projects.
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ESA unveils enhanced forest biomass maps to improve global carbon tracking, aid climate goals
The European Space Agency (ESA) has released new global maps tracking above-ground forest biomass, calling it “a stable and open data source” for monitoring carbon stocks.
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Australian tech company launches carbon credit platform at Melbourne conference
A new platform to add transparency to carbon credit purchases in Australia was launched Tuesday at the Climate Market Institute’s (CMI) Australasian Emissions Reduction Summit in Melbourne.
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ART programme publishes another Brazilian state’s J-REDD concept
The Secretariat of the ART carbon credit standard announced Monday it has published another Brazilian state's concept under its TREES jurisdictional certification programme.
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Data sufficient to get started on reducing nature impacts, guide states
Companies in the mining, property, and industrial sectors should have enough data at hand to take the first step to address their impacts on nature and biodiversity loss, according to a new guide for these industries published Tuesday.
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COP16: Air New Zealand first to pay into nature token pilot
National carrier Air New Zealand has become the first to pay into a nature-positive co-financing pilot that seeks to channel funds to community restoration initiatives on cyclone-ravaged Maori land.
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COP16: Environmental consultancy releases global biodiversity metric
A Denmark-headquartered environmental consultancy on Monday released an open-access metric for measuring the biodiversity value of habitats on sites around the world, with potential applications in corporate disclosures as well as the emerging biodiversity credit market, the company told Carbon Pulse.
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Net zero by 2050 still unlikely, despite some decoupling of emissions and growth -study
A scenario in which all greenhouse gas emissions released by human activities are counterbalanced by carbon removals is still not in sight, according to new research.
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