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Employers' group urges EU to 'reconsider' phase out of free ETS allowances

Published 11:33 on October 3, 2024  /  Last updated at 11:33 on October 3, 2024   / /  Carbon Taxes, CBAM, EMEA, EU ETS

BusinessEurope, an umbrella group representing national employer’s organisations, has called on policymakers to “reconsider” the planned phase out of free allowances under the EU’s Emissions Trading System (EU ETS), saying Europe should “be prepared” in case its new carbon border tariff scheme fails to deliver. Read More
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UPDATE - US authorities charge former CQC boss Newcombe, executives with fraud in landmark VCM case

Published 23:55 on October 2, 2024  /  Last updated at 11:11 on October 3, 2024   / /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Middle East, Other APAC, South & Central, US, Voluntary

US authorities have charged Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), plus the company's ex-COO and a former managing director, with fraud, accusing them of submitting false and misleading information relating to the generation of voluntary carbon credits. Read More
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Japanese trading house launches digital system to scale forest carbon projects

Published 08:57 on October 3, 2024  /  Last updated at 08:57 on October 3, 2024   / /  Asia Pacific, Japan

A major trading house in Japan has launched a system that can standardise and digitalise the work needed for creating domestically issued carbon offsets from forestry projects.  Read More
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Laos prepares for access to international carbon market

Published 07:51 on October 3, 2024  /  Last updated at 07:51 on October 3, 2024   / /  Asia Pacific, Other APAC, Paris Article 6, Voluntary

Heavily forested Laos has issued a decree to "define principles" around cooperation in multilateral carbon market projects, a state-run newspaper said Thursday. Read More
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Australia Market Roundup: Energy company dumps hydrogen project, Woodside registers another ACCU project

Published 07:34 on October 3, 2024  /  Last updated at 07:34 on October 3, 2024   / /  Asia Pacific, Australia

Australian energy gentailer Origin announced on Thursday it would shelve a hydrogen development project due to a lack of certainty, while Woodside Energy continues to register new carbon credit projects. Read More
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NZ officials call for better exotic forest regulations

Published 05:41 on October 3, 2024  /  Last updated at 05:41 on October 3, 2024   / /  Asia Pacific, New Zealand

New Zealand government officials have recommended exotic forestry be defined within the country’s National Environmental Standards for Commercial Forestry (NES-CF), in order to better regulate the sector that drives carbon credit supply in the country, according to a report published Thursday. Read More
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CAR adopts Argentina livestock methane protocol

Published 23:21 on October 2, 2024  /  Last updated at 23:21 on October 2, 2024   / /  Americas, South & Central, Voluntary

The Climate Action Reserve (CAR) adopted Wednesday its Argentina Livestock Protocol Version 1.0, which intends to provide guidance to account for and report greenhouse gas (GHG) emission reductions via the capture and destruction of methane from livestock farms. Read More
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Large-scale Illinois CO2 injection well pauses operations following EPA violation

Published 21:50 on October 2, 2024  /  Last updated at 21:50 on October 2, 2024   / /  Americas, US, Voluntary

A large-scale CO2 well in Illinois has paused injection for two weeks as operators diagnose an underground leak that resulted in a permit violation notice from the US Environmental Protection Agency (EPA) in August, according to documents shared with Carbon Pulse. Read More
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Irish climate tech firm joins European Space Agency incubation programme

Published 21:30 on October 2, 2024  /  Last updated at 21:30 on October 2, 2024   / /  EMEA, Nature-based, Voluntary

An Irish company specialising in carbon removal (CDR) via industrial hemp has joined the European Space Agency's (ESA) national business incubation programme, it announced Wednesday. Read More
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Australian shipping tech developer to design CO2 tanks for bulk marine transport

Published 20:00 on October 2, 2024  /  Last updated at 20:00 on October 2, 2024   / /  Asia Pacific, Australia, Shipping, Voluntary

Two shipping companies from Asia Pacific announced on Tuesday a collaboration to further marine transport of CO2 for long distances and large cargo volumes. Read More
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Brazil miner teams with European hydrogen company for green steel manufacturing

Published 19:31 on October 2, 2024  /  Last updated at 19:31 on October 2, 2024   / /  Americas, EMEA, South & Central, Voluntary

A global mining company is partnering with a European hydrogen outfit to develop a green hydrogen production facility in Brazil to be used in the manufacturing of European green steel, the companies announced Tuesday. Read More
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Current voluntary carbon credit pricing ‘misleading’, says BP exec

Published 19:29 on October 2, 2024  /  Last updated at 19:29 on October 2, 2024   / /  EMEA, Nature-based, Voluntary

Carbon credit price dynamics in the voluntary market are currently "misleading", with a few big tech buyers paying a lot for small volumes, while everything else is going for low prices, a senior figure at BP said on Wednesday. Read More
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Portugal publishes voluntary carbon market regulations

Published 18:42 on October 2, 2024  /  Last updated at 18:42 on October 2, 2024   / /  EMEA, Nature-based, Voluntary

Portugal's government has published regulations that will establish an electronic platform for its voluntary carbon market (VCM), which paves the way for registering projects and issuing credits. Read More
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Peru’s national carbon registry looks to launch by COP29 -official

Published 18:37 on October 2, 2024  /  Last updated at 18:37 on October 2, 2024   / /  Americas, Climate Talks, International, Paris Article 6, South & Central, Voluntary

Peru's environmental ministry aims to launch the country's carbon registry by November's COP29 UN climate summit in Baku, a senior official told the Peru Carbon Forum on Wednesday. Read More
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BRIEFING: CORSIA 'climate club' seen as answer to voluntary carbon market demand problem

Published 16:01 on October 2, 2024  /  Last updated at 16:08 on October 2, 2024   / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Market participants see the UN international aviation offsetting scheme as the first step in a voluntary credit demand recovery, and hope that other sectors will be inspired to establish similar carbon-buying clubs in the future. Read More