CP Daily: Thursday May 8, 2025

Published 02:52 on May 9, 2025  /  Last updated at 02:52 on May 9, 2025  / /  Newsletters

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TOP STORY

PREVIEW: Carbon market participants flag concerns over draft PACM standards ahead of key Article 6 methodology meeting

Multiple carbon market participants have responded to a call for input on the standards that underpin the new Paris Agreement Crediting Mechanism (PACM), welcoming the progress made already this year, but citing concerns with some of the draft documents published ahead of a crunch meeting of UNFCCC officials next week.

CARBON FORWARD TURKIYE 

Turkish government looks to become both a seller and buyer of Article 6 credits

Turkiye is drawing up a strategy for trading international carbon credits under Article 6 of the Paris Agreement, keeping open the possibility of both hosting projects and buying units to meet its own goals, government officials told the Carbon Forward Turkiye conference on Thursday.

Turkiye likely to turn to free allocation before domestic CBAM, expert says

Turkiye is more likely to rely on free allocation of carbon allowances to protect its industrial sectors under its planned emissions trading system (ETS) — despite its initial proposal for a domestic Carbon Border Adjustment Mechanism (CBAM), experts told the Carbon Forward Turkiye conference in Izmir.

BRIEFING: Regulatory clarity, more investment needed to scale carbon removals

The carbon removals market will not scale without clear regulatory frameworks, targeted public support, and a mix of engineered and nature-based approaches, speakers told the Carbon Forward Turkiye conference in Izmir.

NDCs must align more closely with domestic policies to drive real climate action, expert says

National pledges to the Paris Agreement are often disconnected from national policy and investment plans because they are developed by consultants rather than integrated into government processes, a former EU minister told the Carbon Forward Turkiye conference on Thursday.

ASIA PACIFIC

ANALYSIS: ACCU market caught between jubilation and frustration following election

The Australian carbon ecosystem is set to strengthen and grow off the back of renewed policy certainty, despite deep wells of frustration from project developers over the slow method development process.

Major Indian developer divests new project auditing business amid market hue and cry

A major India-headquartered offset project developer has sold off its wholly-owned accreditation services firm even before operationalising it, as markets participants labelled the endeavour a conflict of interest, Carbon Pulse has learned.

India eyes trillions in green investments with new climate finance taxonomy draft

India has released a draft taxonomy to help channel as much as $3 trillion into climate-aligned infrastructure and adaptation efforts, as it pushes to close a widening funding gap for its net zero transition.

Indian startups lead charge in ERW, target compliance grade removals

India is emerging as a front-runner in the global race to remove CO2 from the atmosphere, as enhanced rock weathering (ERW) startups working with smallholder farmers and plantation estates bet on the South Asian country’s basalt-rich geology and vast agricultural terrain to scale durable carbon removals.

Indonesia inks mutual recognition agreement with Gold Standard, arrangement with Norway to be finalised soon

Indonesia’s environment ministry on Thursday signed a mutual recognition agreement (MRA) with Gold Standard, a move that will help enable Indonesian carbon projects to access international markets.

Indonesia eyes huge emissions cuts through new nature-based fund

Indonesia this week launched a new nature-based fund with an initial allocation of $83 million that is expected to trap at least 128 mln tonnes of CO2 by the end of the decade.

IETA outlines steps for Indonesia to improve carbon trading framework

Indonesia could fetch higher prices and driver bigger emissions reductions by developing a more sophisticated carbon market framework, according to industry group IETA.

ExxonMobil to supply Japanese trading house with low-carbon ammonia

Energy giant ExxonMobil has signed a long-term offtake agreement with a Japanese trading house for roughly 250,000 tonnes of low-carbon ammonia per year, the companies announced Thursday.

Ammonia key to cutting Scope 3 emissions, oil and gas chairman says

The development of clean ammonia is “the best thing we can do” to cut Scope 3 greenhouse gas emissions, the chairman of an Australian gas giant told his company’s annual general meeting Thursday.

Indigenous groups want equity over ‘engagement’ in future carbon projects, conference hears

Indigenous engagement in carbon projects needs to go further, be more than a box-ticking exercise, and be implemented from the get-go in order to design the most effective projects without damaging biodiversity, a conference heard this week.

South Korea blue carbon target attainable with seaweed restoration efforts -study

South Korea’s 2050 target for blue carbon sequestration should be achievable, considering the country’s track record in seaweed restoration, according to a paper published this week.

EMEA

BRIEFING: Uganda to engage carbon markets instead of deprioritising oil and gas

Uganda will decarbonise while increasing oil and gas (O&G) production by leveraging international carbon markets, according to officials and panellists speaking in Kampala at the East Africa Carbon Markets Forum on Thursday.

European Parliament votes to relax gas storage rules and CO2 targets for road fleet

The European Parliament voted to bring greater flexibility in the gas markets on Thursday, on the same day they voted to delay more ambitious CO2 rules for new cars and vans.

More industry bodies call for UK-EU carbon market linking

Calls continue to grow to link the UK and EU emissions trading schemes, with an influential energy body writing to the British government on Thursday to call for progress on the matter at talks during an upcoming summit between the two jurisdictions.

Germany could sign off CCS legislation before summer

Former CDU and SPD members of the Bundestag, Germany’s parliament, have said they expect the new government to sign off on a Carbon Management Strategy before the summer, although some remain nervous about a renewed focus on carbon capture, utilisation, or storage (CCS/CCU).

BRIEFING: German network agency rethinks energy transition scenarios

The Federal Network Agency has widened the scope of its biennial “energy scenario” frameworks for the next 12-20 years to consider slower growth in power demand and the introduction of gas plants with CCU/CCS to the power mix in 2045, although hydrogen remains the star decarboniser alongside renewables.

UK, Norway foster ties to boost CCS in North Sea

The UK and Norway are set to sign a bilateral agreement on the cross-border transport of CO2, as they seek to capitalise on the North Sea’s potential to become a major hub for carbon capture and storage (CCS).

UK Supreme Court expands scope of fraudulent trading liability in EU ETS tax evasion case

The UK Supreme Court this week ruled that third parties who knowingly participate in a company’s fraudulent trading can be held liable under insolvency law, in a case stemming from a multi-million pound VAT scam involving EU carbon allowances.

Biochar becomes ‘chickenchar’ in trials to reduce poultry emissions in England

A British biochar manufacturer is working with research institutions and a poultry business to improve poultry welfare, productivity, and cut emissions through the application of ‘chickenchar’ to bedding and manure, which will generate carbon removal credits.

UK energy from waste company selects carbon removals registry for CCS project

A UK energy from waste company has selected a removal registry to work with on its carbon capture and storage (CCS) project in Wales.

Euro Markets: EUA rally runs out of momentum but clings on above key technical level

European carbon’s recent price rally came to a halt on Thursday as selling activity gained in strength after the market hit a six-week high and bumped up against a technical resistance level, before falling back to end the session in line with another technical support, while UK Allowances also halted their bull run after climbing to a new 18-month high.

AMERICAS

WCI Markets: CCA activity stalls as traders await ETS reauthorisation resolution

Transaction activity in California Carbon Allowances (CCA) cooled through the week as programme reauthorisation discussions were a rave absent guidance on rulemaking timelines or lawmakers’ legislative priorities for cap-and-trade post 2030.

Brazilian legislative committee approves bill to allow carbon credit usage against agricultural taxes

A committee in Brazil’s Chamber of Deputies approved Wednesday a proposal to allow the use of forestry-based carbon offsets against agricultural tax obligations.

Climate investor launches Latin America strategy to help bridge region’s climate finance gap

A specialist investor focused on decarbonising hard-to-abate sectors has announced the launch of its Latin America strategy and also completed a merger with another investment manager.

US hyperscale data centre builder taps natural gas plus CCS

A US hyperscale data centre developer is tapping natural gas with carbon capture and storage (CCS) to power its flagship project.

BRIEFING: Oregon energy agency urges for earlier transportation electrification, citing grid flexibility benefits

The Oregon Department of Energy (DOE) shared modelling of energy demand during a public meeting on Thursday to express the need for early adoption of electric vehicles (EVs), which could provide a net benefit to the grid.

VOLUNTARY

Google announces superpollutant carbon credit deals with Indonesian, Brazilian projects

US-based tech giant Google on Thursday announced carbon credit deals for the equivalent of 1 million tonnes of CO2e over the next century from a commercial cooling project in Indonesia and a landfill activity in Brazil.

“Things are about to get real”: CDR market entering delivery phase as offtake demand grows, cost drop assumptions challenged

Long-term offtake agreements are critical to unlocking capital and scaling engineered CO2 removal (CDR) technologies, experts said Thursday, warning that expectations of falling prices may be misplaced as the burgeoning market enters delivery phase.

“Brutal reality” to hit CDR market as buyers seek cheaper credits, finds survey

A ‘brutal reality’ is coming to many project developers of durable carbon removal (CDR) because buyers are increasingly baulking at the high price of credits, a new survey has found.

Carbon market watchdogs urge governments to back voluntary climate action

A group of carbon market governance bodies and participants on Thursday called on national governments to recognise and support voluntary climate action by companies, saying it can work alongside official efforts under the Paris Agreement’s Article 6 framework.

Practising ERW near CO2 sequestration sites could mitigate leakage risks -study

A study published Thursday suggests that co-practising enhanced rock weathering (ERW) near geologic carbon sequestration sites could serve as a prewarning system for CO2 leakage while also mitigating seepage.

Limited investment opportunities undermine forest restoration in developing nations -study

Less than half of the world’s restorable forestland in low- and middle-income countries (LMICs) offer conditions favourable to private investment in forest restoration, a recently published study showed.

Web3 carbon startup announces new venture, makes code public good

A Web3 carbon startup has announced it will open source its digital infrastructure, also unveiling a new venture to help sustainability teams meet reporting and regulatory requirements.

New VCMI code, CORSIA set to tighten carbon credit demand -panellists

A new international carbon offsetting code from the Voluntary Carbon Markets Integrity Initiative (VCMI), as well as eventual obligations under the UN aviation sector offsetting scheme, are reshaping voluntary carbon market (VCM) demand, panellists said during a Thursday webinar.

INTERNATIONAL

FEATURE: Readiness, scale biggest barriers for Article 6 in the Pacific

A lack of capacity and the small-scale of potential emissions reductions are holding Pacific Island nations back from fully participating in Article 6 mechanisms, according to market participants.

Ghana advances e-mobility project under Article 6 agreement with Switzerland

A Ghana-based e-mobility project taking place under the country’s bilateral Article 6.2 accord with Switzerland has achieved authorisation, Carbon Pulse heard on the sidelines of the East Africa Carbon Markets Forum in Kampala on Thursday.

Global economic losses in net zero transition limited to 0.5% of GDP in best-case scenario -report

The Network for Greening the Financial System (NGFS), a best-practices-sharing group comprising 144 central banks, published on Wednesday its first report on the effects of short-term (2025-2030) climate policy scenarios over GDP, trade, unemployment, inflation, and other financial and economic outcomes.

BIODIVERSITY (FREE TO READ)

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UK non-profit launches biodiversity plan in Formentera targeting 1 mln credits

A UK non-profit has launched a nature restoration strategy in Formentera, Spain, including plans to generate 1 million urban biodiversity credits over the next 20 years.

GRI recommends EU alignment of omnibus changes

The Global Reporting Initiative (GRI) has recommended that proposed EU changes to reporting requirements on areas including biodiversity following the so-called omnibus should align with its framework in order to simplify corporate reporting.

Less than 0.001% of deep seafloor photographed, study finds

Only a minuscule fraction of the deep seafloor has been visually observed over the past 70 years, with scientists defining the lack of knowledge “a critical problem” as interest in ocean mining grows.

UK government says overhaul of nature laws based on limited data

A UK government impact assessment has said its previously announced plans to overhaul environmental rules and introduce a system centralised around a Nature Restoration Fund (NRF) lack data to underpin them.

Biodiversity Credit Alliance releases the final version of the High-Level Principles Guide

The Biodiversity Credit Alliance (BCA) released on Thursday a revised edition of its High-level Principles to Guide the Biodiversity Credit Market, featuring 21 principles covering the certification process for biodiversity credits, the role of Indigenous Peoples and local communities, and the governance of this emerging market.

Biodiversity Pulse: Thursday May 8, 2025

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

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EVENTS

Carbon Removal Investment Summit – June 3, London – cCarbon is hosting this exclusive, one-day conference with the goal of accelerating carbon removals through a data and modelling-driven discussion. It will bring together a distinguished group of investors, capital providers, carbon removal buyers, leading developers, and other key stakeholders to unlock investment and create partnering opportunities. An invite-only investors’ conclave will take place during the summit to explore pathways for unlocking and chanelling capital into carbon removals. Attendees will have the opportunity to participate in high-impact sessions to discuss the business case for nature- and technology-based removals. cCarbon will unveil a data-driven benchmarking tool designed to assess carbon removal providers based on key factors like feasibility, scalability, and maturity. Register here

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BITE-SIZED UPDATES FROM AROUND THE WORLD

INTERNATIONAL

New governance – The Brazilian presidency of COP30, this year’s UN climate summit, has called for new global climate governance mechanisms to help nations implement their commitments to curb global warming, according to a letter released Thursday. Countries have so far committed to plans that would limit warming to around 2.6C, but are struggling to adopt plans to limit emissions enough to prevent catastrophic heating levels. The proposal was first introduced by Brazilian President Luiz Inacio Lula da Silva last November, when he proposed creating a “United Nations climate change council” to help countries implement commitments they made. It has now been adopted by Brazilian ambassador Andre Correa do Lago, who will preside over COP30, and is calling for ways to institutionally strengthen implementation capacity. The COP Presidency letter proposes that the United Nations General Assembly, not COP30 itself, should be the forum for this discussion. (Reuters)

EMEA

Partnership continued – DG Clima, which leads the European Commission’s efforts on climate change, has renewed its long-standing partnership with the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) to collaborate on climate action and policies. Achieving the EU target of net zero by 2050 requires easy access to Earth observation data, which it’s hoped this partnership will enable. EUMETSAT is leading efforts to develop and implement innovative climate technologies including artificial intelligence.

Carbon-catching buildings – Cement maker Holcim and architecture firm Elemental have presented new biochar technology that they say transforms buildings into carbon sinks, Holcim announced on Thursday. One kilogram of biochar can prevent the release of up to 3 kg of CO2. After applying it for the first time in a full-scale Basic Services Unit housing prototype, the two companies said the technology can be used in cement, mortars, and concrete, for infrastructure, buildings, and other projects. Using the technology, Holcim has created a net zero-emission biochar concrete that uses 100% recycled aggregates, it said.

Better than expected – Heidelberg Materials reported forecast-beating first quarter results from current operations (RCO), rising 1.3% to €235 mln, beating the €207 mln average forecast provided by analysts. The world’s second-largest cement maker cited strong growth in Africa driving the year’s strong start, despite the political and economic uncertainties and difficult weather conditions in some places. Heidelberg still expects RCO this year of €3.25 bln – €3.55 bln, compared with a €3.44 bln consensus estimate. Its North America RCO was down by nearly two-thirds. (Reuters)

Russian registry update – The operator of the Russian registry of carbon units has published a form for analysing applications for the registration of climate projects. Further details here.

ASIA PACIFIC

Green zone – The NSW government has given the green light to a multi-billion dollar 10 renewable energy projects investment, which will connect to its Central-West Orana Renewable Energy Zone, the Australian state government announced on Thursday. With a combined capacity of 7.15 GW, the developments will avoid 10.29 MtCO2e of emissions annually. The projects are a mix of wind, solar, and battery storage, including a 1,332 MW wind farm. Last month, the NSW government announced that the REZ project was proceeding, with the help of A$750 mln ($484 mln) of funding from the Clean Energy Finance Corporation.

Climate cash – ANZ Bank’s climate finance spend came to A$21.64 bln ($13.97 bln) in H1 2025, the bank said on Thursday in its interim results, exceeding its 2025 target of A$18.5 bln. This brings its total climate finance spend or facilitated funding to A$60.6 bln since Apr. 1, 2023 – against a 2030 target to fund or facilitate A$100 bln. This spend includes initiatives to cut emissions, protect nature, increase access to affordable housing, and promote financial wellbeing, the bank said.

Test the water – Seoul-based developer Ecoeye recently held an initial consultation meeting with stakeholders in Vietnam to discuss the potential of refrigerant recovery and recycling projects in the Southeast Asian country, particularly through carbon credit mechanisms, according to a statement released Thursday. Ecoeye said it plans to formulate methodologies, refine project proposals, and establish collaborations with local stakeholders in the future, supporting the Vietnamese government in developing the country’s carbon market.

Japanese goings-on – Tokyo-based developer Faeger has teamed up with a manufacturing subsidiary of the Toyota group to promote sustainable agriculture and carbon neutrality in the Tohoku region, it announced Thursday. Faeger said it will work with Toyota Motor East Japan to expand local production and consumption of carbon credits and agricultural products, without disclosing a specific target. In a separate release, carbon trading platform operator Carbon EX said it has supported measuring instrument company Nihon Denkei to develop a J-Credit initiative, from project registration to credit issuance. A total of 108 J-Credits were generated from Nihon Denkei’s rice-focused project.

AMERICAS

Carney carbon can-can – Canadian PM Mark Carney should step up on modernising industrial carbon pricing, said think tank Canadian Climate Institute on Thursday. The organisation noted that the measure can help Canada address economic threats, particularly as the EU maintains its climate targets and China has committed to stronger emissions reductions and seize new market share in light of US pullbacks. It recommended three approaches: 1) to strengthen emissions performance standards predictably over time; 2) to support linkage between regional carbon markets; and 3) to set clear expectations for the future of industrial carbon pricing in Canada. Improving Canada’s industrial carbon pricing system was a campaign trail promise of the PM, as stakeholders are following closely to see what he may implement.

No news is good news – Despite the drop-off of Canada’s biggest bank from its climate commitments, other major financial institutions in the country seem to be holding on to their targets, Bloomberg reported Wednesday. The publication reached out to Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank of Canada, all of whom directed Bloomberg to their most recent sustainability reports or other publications including the targets. RBC pointed to new greenwashing provisions under Canada’s Competition Act as part of its rationale for its withdrawal from climate finance commitments.

US GHG figures – The US EPA published its 2025 inventory of US GHG emissions and sinks, which details data from 1990-2023. The inventory publishes the latest information across reporting sectors consistent with the IPCC: energy; industrial processes and product use (IPPU); agriculture; land use, land-use change, and forestry (LULUCF); and waste. Over the 34-year period, total emissions from energy and waste decreased by 6.2% and 29.7%, respectively, to 331.6 MtCO2e and 70.1 MtCO2e. Emissions from IPPU and agriculture grew 2.6% and 8%, respectively, to 16.8 MtCO2e and 43.9 MtCO2e. LULUCF net flux decreased by 9.4%, resulting in a removal of 939.9 MtCO2e. The data was published via a Freedom of Information Act request from environmental advocacy group Environmental Defense Fund.

Employment Purging Agency – Rewiring America, a non-profit that focuses on housing electrification, has laid off more than a quarter of its staff after the EPA blocked it from accessing its grant dollars. E&E News reported that the non-profit has been barred from accessing its grant dollars for nearly three months, leading to the layoff of 36 employees. The non-profit was part of a coalition awarded $2 bln last year under the Greenhouse Gas Reduction Fund programme, which was terminated by the EPA last month based on alleged fraud, waste, and abuse. The termination of that programme is currently being challenged in court.

PROVE IT problem – A new iteration of the PROVE IT Act – mandating the study of carbon intensity of nearly two dozen industrial products both domestically and internationally – has yet to surface in this year’s Congress. Sponsors from years past say they have no imminent timeline to push the measure again. The proposal had received some bipartisan support, and is indicative of growing interest on both sides of the aisle in some form of federal carbon tariff in the US. (E&E News)

Greening NY – A New York fund for environmental projects will be getting a boost under the governor’s budget plan. The Environmental Protection Fund will get $425 mln this year, a $25 mln increase over levels the fund has been at in recent years, according to reporting by E&E News. The Environmental Protection Fund supports capital projects like park improvements, solid waste management, habitat restoration, and more. E&E News said that Gov. Kathy Hochul (D) agreed to boost the fund under pressure from Democratic lawmakers.

Pick me – A bipartisan pair of Indiana lawmakers are urging the US DOE to include and prioritise their state as part of a regional hydrogen hub. US Senator Jim Banks (R) and Congressman Frank Mrvan (D) sent a letter to Energy Secretary Chris Wright Monday pushing for hydrogen production in the state’s northwest region along the Lake Michigan coast. In particular, the letter identifies the Whiting Refinery as an ideal location for blue hydrogen generation. The northwest region of Indiana is within the conceptual boundary of the Midwest Hydrogen Hub, which also includes Michigan, Illinois, and Wisconsin.

Green light for grants – The US Department of Transportation approved 180 infrastructure grants totalling more than $3.2 bln on Tuesday, as part of efforts to address a backlog of over 3,200 previously announced but unexecuted projects. The largest award in the latest round was $550 mln for Alabama’s I-10 Mobile River bridge and Bayway project. The Department stated it has removed certain regulatory requirements related to climate and social justice from the grant process, citing cost savings and accelerated timelines. The grants span multiple agencies and programmes, including highway, rail, transit, airport, and port infrastructure.

If a tree falls in a forest – Though California has surpassed its original GHG emissions reductions target of 1990 levels by 2020, which was achieved in 2016, the state may not be accounting for wildfire emissions as part of this tracking. California’s Scoping Plan is largely focused on sectors of the state’s economy, the California Globe pointed out on Thursday. Other countries do not account for wildfire emissions in their GHG reporting, including Canada and Australia.

Tarmac targets – Airports Council International – Latin America and the Caribbean (ACI-LAC) recently announced that 100 airports in the region have achieved accreditation under the Airport Carbon Accreditation programme, which serves as the global standard for airport carbon management. The milestone makes Latin America and the Caribbean the third-highest region globally in terms of accredited airports. The programme evaluates airport efforts across seven levels of certification, with Quito International Airport being the only one in the region to reach Level 4+, indicating alignment with global climate goals such as the Paris Agreement.

VOLUNTARY

Challenge accepted – A growing group of influential voluntary carbon market participants have urged the greater use of the sector to address Scope 3 emissions. A joint statement issued by VCMI, now has backing from the International Chamber of Commerce, We Mean Business Coalition, The Nature Conservancy, Emergent, Verra, Carbon Market Institute (CMI), Anthesis Group, Patch, CNaught, Climate Impact Partners, GenZero, and Puro.earth. The collective want more organisations to sign up to the Scope 3 ‘challenge’ to push for greater carbon credit use and pressure governments and corporate leaders to adopt more supportive policies for the market.

Fresh eyes – Climate Impact Partners (CIP) has appointed Sam Israelit, chief sustainability officer at consultancy Bain & Company, to its board of directors, it announced in a release Thursday. Sam has over 30 years of consulting experience and has helped to shape the climate strategies of global corporations, as well as building an advanced corporate carbon portfolio, including reforestation and blue carbon. CIP has delivered more than 600 carbon reduction and removal projects across 56 countries over its 27-year history, and is dedicated to market leadership and innovation in the voluntary carbon space, the release stated.

New hire – Carbon data platform CTrees announced Thursday that Christopher Woodall is joining as director of US forest science and policy. Woodall previously served in senior science and policy roles in the US Forest Service, and in his new role, will lead CTrees’ work on US forest carbon accounting, overseeing development and application of technology to quantify forest biomass carbon and assess the impacts of land use activities, forest management, and wildfires. He also plans to engage with CTrees’ partners in government agencies, civil society, and the private sector to try to ensure that stakeholders working on natural climate solutions have access to scientific data for estimating land carbon stocks, emissions, and removals at spatial and temporal scale.

INVESTMENT

More soil carbon – Food snack giant Mondelez International has invested in Estonian-based oil carbon project developer eAgronom, as part of the company’s Series A2 fundraising round. The investment will enable eAgronom to expand and accelerate the adoption of sustainable practices to over 4 million hectares of farmland by 2026 from the current 2.5 mln it covers now that spans across 10 European countries, including Poland, Romania, and Sweden. Mondelez made the investment through its Sustainable Futures division.

AND FINALLY…

Reef relief – More than 1,000 juvenile elkhorn corals spawned and raised at The Florida Aquarium were transported this week to the Florida Keys for planting on reefs or placement in ocean-based nurseries. The corals, born in 2022 and 2023 from rescued parent colonies, are part of ongoing restoration efforts following widespread coral bleaching in the summer of 2023, which led to a 77% loss in elkhorn coral genetic diversity. The Florida Aquarium’s Coral Conservation Program aims to support reef resilience and ecosystem services critical to Florida’s environment and economy. The National Oceanic and Atmospheric Administration continues to monitor the impacts of what it calls the fourth and worst global bleaching event on record.

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