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Panama freezes forestry permits due to high rates of deforestation
Panama's Ministry of Environment has temporarily suspended all community forest use permits in two regions in response to a high rate of deforestation, it said over the weekend. Read MoreTop
UK to create long-term blueprint for clean energy transition out to 2050
The UK will announce a blueprint for how it will manage the clean energy transition in the country out to 2050 before the end of the year. Read MoreTop
INTERVIEW: South Pole ushers in new era with pivot to carbon removals, Article 6
Carbon project developer and consultancy South Pole has emerged following a significant period of transition and is preparing for a new phase, with a focus on carbon removals and Article 6 markets, its CEO told Carbon Pulse. Read MoreTop
BRIEFING: EU will push for more climate finance contributors and better transparency at COP29
The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal - including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit. Read MoreTop
BRIEFING: EU presents draft methodologies to measure CO2 removals from biochar, DACCS, BECCS
The European Commission on Monday presented draft methodologies to measure the CO2 removals obtained from three different techniques, paving the way for the EU to formally adopt them as part of its new carbon removals certification scheme as early as next year. Read MoreTop
Verra urges ICVCM to extend high-integrity label to renewables projects in developing countries
Carbon registry Verra is “trying its best” to convince the Integrity Council for the Voluntary Carbon Market (ICVCM) to accept renewables projects in least developed countries for its highly-sought core carbon principle (CCP) label, a company representative said on Tuesday. Read MoreTop
Article 6 markets unlikely to scale until end of decade, says expert
Large volumes of sovereign carbon credits traded between countries under Article 6.2 of the Paris Agreement are unlikely to be seen until the end of the decade, a panel heard Tuesday. Read MoreTop
Investors keeping away from carbon credits while funding climate technologies, conference hears
Investors including multilateral organisations are keeping their distance from carbon credits due to the volatile nature of the market while funding technologies to accelerate climate action, a conference heard Tuesday. Read MoreTop
Southeast Asian power demand, emissions set to rapidly rise, IEA says
Southeast Asia is one of the world’s most power hungry regions, with sectoral demand and emissions set to rise faster than in the past without significant decarbonisation and clean energy expansion, a new report from the International Energy Agency (IEA) said Tuesday. Read MoreTop
UK-based firm raises €23.7 mln to scale point-source carbon capture technology
A UK-headquartered carbon capture company has raised €23.7 million in a Series A2 funding round, the firm announced on Tuesday. Read MoreTop
EUAs could trade below €55 for next two years without impacting market demand –analyst
EUAs could trade at between €50-€55 for the next two years without leading to any significant increase in emissions, and the same price level through to 2030 would not trigger a tightening of the market, according to a bank analyst. Read MoreTop
Share of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report
The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday. Read MoreTop
Euro Markets: Midday Update
European carbon allowance prices clawed back early losses to end Tuesday morning modestly firmer, after five consecutive days of declines driven by weakening natural gas and sustained selling interest, as traders kept a watching brief for movements in the gas market and for signs of renewed pressure. Read MoreTop
Off-grid solar provider selected for World Bank-backed project in Kenya
A San Francisco-headquartered off-grid solar provider has been chosen to participate in a World Bank-funded government programme in Kenya that aims to boost the adoption of off-grid solar home system and clean cookstoves in rural counties, the company announced on Tuesday. Read MoreTop
