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Colombian afforestation projects often use non-native species, unsuited ecosystems -study

Published 16:57 on November 6, 2024  /  Last updated at 16:57 on November 6, 2024   / /  Americas, Nature-based, South & Central, Voluntary

A peer-reviewed study of dozens of afforestation, reforestation, and revegetation (ARR) projects in Colombia has found that while they have removed over 100 million tonnes of CO2, afforestation often uses non-native species or situates projects in ecologically inappropriate biomes. Read More
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US ELECTION RESULTS: President Trump back in charge, climate action set for blow

Published 04:26 on November 6, 2024  /  Last updated at 07:03 on November 6, 2024   /  Americas, Asia Pacific, EMEA, International, Paris Article 6, US, Voluntary

Former President Donald Trump's re-election as US president is expected to likely usher in another era of loosening environmental standards in the US and a bigger step-back in climate action internationally – at a time when the Paris Agreement's 1.5C goal is slipping out of reach and emissions have yet to peak. Read More
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President Trump's victory casts doubt over previous optimism for Article 6 progress in Baku

Published 05:54 on November 6, 2024  /  Last updated at 05:54 on November 6, 2024   / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6

The victory of former President Donald Trump in the US election on Tuesday has cast doubt among observers and negotiators over whether progress is still feasible on Article 6 at COP29 in Baku despite the previous optimism. Read More
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Reactions to President Donald Trump's 2024 US election win

Published 03:41 on November 6, 2024  /  Last updated at 09:54 on November 6, 2024   / /  Americas, International, US

Former President Donald Trump’s return to the White House following the 2024 US presidential election is seen as a setback for global efforts to tackle climate change, just days before the COP29 UN climate summit opens in Baku, Azerbaijan. Read More
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UAE commits to near-50% emissions cuts in new UN national climate plan

Published 12:17 on November 6, 2024  /  Last updated at 12:17 on November 6, 2024   / /  Climate Talks, EMEA, International, Middle East

The UAE has included steep emissions reduction levels in its third Nationally Determined Contribution (NDC), published Wednesday, pledging a 47% drop by 2035 compared to a 2019 baseline. Read More
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INTERVIEW: Carbon markets could shore up finance for Africa, but not at $10/t -economist

Published 11:53 on November 6, 2024  /  Last updated at 11:53 on November 6, 2024   / /  Africa, Climate Talks, Paris Article 6, Voluntary

The voluntary carbon market (VCM) offers an opportunity to raise climate finance in Africa, but more needs to be done to raise the price of carbon and quell the volatility in order to unlock value on the ground, according to a high-profile African economist and former minister. Read More
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US-based carbon registry posts update to its methodology combatting ozone-depleting gases

Published 17:39 on November 6, 2024  /  Last updated at 17:39 on November 6, 2024   / /  Americas, Canada, Mexico, US, Voluntary

A US-based carbon registry has posted changes to its methodology for earning voluntary carbon credits from transitioning to advanced refrigeration systems. Read More
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UPDATE - Washington votes to retain state’s carbon market

Published 02:41 on November 6, 2024  /  Last updated at 15:20 on November 6, 2024   / /  Americas, US

Washington voters appear to have decided to retain the state’s cap-and-trade programme by rejecting a ballot measure that sought to dismantle it, preliminary election results showed. Read More
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EU's new finance chief says she will stick with green agenda

Published 09:55 on November 6, 2024  /  Last updated at 09:56 on November 6, 2024   / /  EMEA

The EU’s sustainable finance policy for the next five years will focus on implementing legislation agreed under the European Green Deal, said the EU’s commissioner-designate for financial services during a confirmation hearing on Wednesday. Read More
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BRIEFING: UK agriculture must rethink land use balance to meet net zero, weather global shocks

Published 09:59 on November 6, 2024  /  Last updated at 09:59 on November 6, 2024   / /  Biodiversity, EMEA

Big changes are needed in the UK’s agri-food system to reach net zero emissions and improve resilience to global shocks, including on carbon audits and reducing livestock numbers. Read More
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Euro Markets: EUAs drop for fifth time in six days despite afternoon rally as market digests US election result

Published 12:12 on November 6, 2024  /  Last updated at 12:17 on November 6, 2024   / /  EMEA, EU ETS, UK ETS

European carbon prices fell for the fifth time in the last six days on Wednesday as early selling across energy markets on the back of the US election outcome gave way to a general afternoon rally, after positioning data showed investment funds had cut their bearish bets on carbon to the lowest in nine weeks. Read More
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New GCF policy to channel ‘hundreds of millions’ into REDD+

Published 08:01 on November 6, 2024  /  Last updated at 08:01 on November 6, 2024   / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

The Green Climate Fund’s (GCF) recently adopted policy on REDD+ results-based payments could drive "hundreds of millions" to developing nations, the organisation said this week. Read More
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Indian carbon project developer taps into the US market, targets aviation sector

Published 04:17 on November 6, 2024  /  Last updated at 04:17 on November 6, 2024   / /  Americas, Asia Pacific, Aviation/CORSIA, Other APAC, US, Voluntary

An India-based carbon credit developer and supplier has teamed up with a local partner to tap into the US market, targeting potential clients from the aviation sector. Read More
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London Underground air to heat UK capital, save emissions in £1-bln scheme

Published 07:22 on November 6, 2024  /  Last updated at 07:22 on November 6, 2024   / /  EMEA, UK ETS

Warm air from the London Underground could be used to heat homes in the heart of the UK capital in a new £1 billion scheme that is expected to create 500 jobs and save 75,000 tonnes of CO2 every year. Read More
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Gold Standard consults on multiple key carbon crediting documents

Published 04:07 on November 6, 2024  /  Last updated at 08:00 on November 6, 2024   / /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Gold Standard has opened consultations on multiple guiding documents relating to carbon crediting projects this week as the registry builds on recent approval obtained from the UN to supply the current phase of the CORSIA international aviation offsetting scheme. Read More