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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 10 min ago
140 organisations urge EU countries to stop thwarting nature laws
Over 140 civil society organisations have penned an open letter sounding the alarm over the recent rollback of environmental measures in the EU ahead of the European Parliament's elections scheduled for next month.
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INTERVIEW: Voluntary carbon credits to improve affordability of home retrofits for UK homeowners
The first scheme allowing UK homeowners to more easily afford energy efficiency retrofits partially aided by the sale of voluntary carbon credits will be piloted among at least 1,000 homes, with potential to engage a huge number of citizens via partnerships with their mortgage providers.
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UK public banks finance port redevelopment to boost offshore wind capacity
The state-owned UK Infrastructure Bank and Scottish National Investment Bank are putting £100 million into the redevelopment of a Scottish port to handle offshore wind turbines, helping to scale up wind capacity in the North Sea, they announced on Monday.
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EU’s truck CO2 emissions law clears final hurdle
EU countries on Monday signed off on a law aiming to cut the CO2 emissions of new heavy-duty vehicles by 90% as of 2040, concluding a legislative journey that began in February last year.
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British investor to acquire UK land under new natural capital strategy
An ESG-focused British investment group has launched a natural capital strategy that will see it acquire land in the UK.
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FEATURE: After Europe’s exit, remaining Energy Charter Treaty countries look to modernise pact from within
Remaining members of the long-criticised Energy Charter Treaty (ECT) are looking to modernise the international trade agreement to better support climate action, despite the departure of a growing number of European countries citing failed attempts to revamp it.
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Euro Markets: Midday Update
European carbon prices fell away on Monday morning, extending the profit-taking sell-off that began on Friday and dropping below a key level amid a pick-up in trading volume, while energy prices also retreated as renewable generation was forecast to rise strongly this week.
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Thousands of wildlife species affected by illegal trafficking worldwide, UNODC says
The UN Office on Drugs and Crime's (UNODC) has released its third World Wildlife Crime Report, unveiling that, despite some positive progress, wildlife trafficking overall has not been substantially reduced over the last two decades.
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Over half of UK investors eye natural capital, broad interest in carbon and biodiversity credits, research shows
Half of UK institutional asset owners have already invested in natural capital or will do so within the next 18 months, and are far more interested in developing their own carbon or biodiversity credits than purchasing offsets in the secondary market.
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Malaysian carbon exchange to auction country’s first nature-based carbon credits
The Bursa Carbon Exchange (BCX) will soon auction carbon credits generated from a forestry project in the state of Sabah – the first auction of nature-based credits generated within the Malaysian territory, the exchange announced Monday.
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EU-made batteries up to 62% less carbon-intensive than China’s -report
Onshoring the electric vehicle supply chain to Europe would cut the emissions of producing a battery by at least 37% compared to a China-controlled supply chain, with potential CO2 savings as high as 62% if renewable energy is used, according to a study released on Monday.
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INTERVIEW: Cement industry over-investing in expensive carbon capture
The cement industry is currently over-investing in carbon capture and storage (CCS) and is failing to appreciate just how big the shift to low-carbon concrete will be, according to the CEO of the World Cement Association (WCA).
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Cost of compensating coal loss in giant economies higher than current existing climate finance, report finds
Phasing out coal in the world’s two most populous nations with the kind of financial support offered to coal-dependent communities in Europe and Asia would cost 10 times as much and exceed current international climate financing, a study has found.
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South Korea plans blue carbon trading system -minister
The government of South Korea has proposed to launch a trading programme exclusively for blue carbon, following a national strategy aimed at improving the marine sector's carbon sequestration capacity.
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Japan main bourse to add GX-ETS units to carbon marketplace
Japan's main trading bourse is planning to add emissions reductions issued under the GX League to its carbon trading platform, expanding the scope of units tradable beyond offsets from the national J-Credit programme.
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Islamic finance group, Saudi firm sign Maldives blue carbon partnership
An Islamic finance group has teamed up with a Saudi Arabian carbon specialist firm to explore the potential for reducing emissions and earn carbon credits from the vast seagrass meadows and mangrove forests in the Maldives.
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Land grabs for carbon offsetting projects, mostly in Africa, Latin America, threaten global food production -study
Global food production is under threat from the spread of carbon projects that interfere with the livelihoods of small-scale farmers and indigenous peoples worldwide, particularly in sub-Sahara Africa and Latin America, research released Monday has found.
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CF TURKIYE: Steep forward curve for Turkish ETS as permit prices seen tracking EUAs by mid-2030s
Allowances prices in Turkiye’s ETS are expected to eventually mirror those for EUAs in the EU carbon market, meaning they could climb to as high as €150/tonne by the mid-2030s, experts said this week.
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INTERVIEW: DAC developer launches pilot facility, plans to scale new chemical approach
A Tennessee-based direct air capture (DAC) company launched a pilot facility Wednesday, its initial deployment of an approach that the firm’s CEO told Carbon Pulse offers a more energy efficient alternative in the emerging industry.
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Virginia lawmakers poised to reach budget deal that excludes rejoining RGGI -media
Democratic lawmakers in Virginia and the state's Republican governor reportedly reached a yet-to-be-published budget deal Thursday that is expected to exclude proposed language on rejoining the regional power sector cap-and-trade programme.
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