- Wed 00:12Canada’s new prime minister will need an even-hand to juggle the pro- and anti-climate agendas of its two largest trading partners in the coming energy transition, say scholars with New York’s Columbia University.
- Nature-based and engineered removals, together with low-carbon fuels and electrification, will be key to achieving Wales's fourth carbon budget as recommended by the UK's Climate Change Committee (CCC).
- The UK's North Sea Transition Authority (NSTA) is now taking nominations for new carbon storage sites offshore, after recently granting the country's first three permits, it announced on Wednesday.
- A Canadian carbon capture company launched its manufacturing facility on Tuesday, with the goal of scaling its production capacity to enable capture of 10 million tonnes of CO2 per year.
- Iowa’s Senate passed a bill on Monday to restrict the use of eminent domain for CO2 pipeline projects, following years-long challenges against a proposed project led by a multi-state developer.
- Tue 22:41Thailand has released its second Biodiversity Finance Plan (BFP) for the period 2023-27, aiming to mobilise $200 million for nature-positive initiatives.
- It's a demo - Saudi Arabia-headquartered Regional Voluntary Carbon Market Company (RVCMC), in collaboration with the Arab Federation of Capital Markets (AFCM), launched a trader-led demonstration auction in Tunisia on Tuesday. The demonstration will show how an interconnected order-book across local and global participants enhances liquidity, price discovery, and market depth, outcomes that no single exchange or nation can achieve alone, according to a statement. Since its inception in 2022, RVCMC has facilitated the trading of over 7 mln carbon credits across multiple auctions.
- Tue 21:19Companies in hard-to-abate sectors still aren't buying into durable carbon removals, yet the 368 of them with science-based targets could require over 400 million tonnes of removals by 2050 to cover their residual emissions, industry analysis has found.
- Tue 17:05Dollars to clean goals - Sustainable infrastructure investor Actis has completed fundraising for its second Actis Long Life Infrastructure Fund (ALLIF2), with $1.7 bln committed to its strategy investing in growth markets operating infrastructure. Core sectors of investment will include renewables, electricity transmission and distribution networks, and district cooling, across growth markets in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. The focus is on operational enhancements rather than heavy capital expenditure. Almost half of the fund is already deployed, including on a portfolio of solar assets in India and in Brazilian transmission.
- Sponge-like pellets made from magnetic framework composites could improve the durability and energy efficiency of carbon capture and storage (CCS) systems at industrial sites, a new analysis has found.
- Tue 13:08Taiwan's agriculture ministry has incorporated the development of carbon sinks from nature-based solutions into its climate strategy, but experts have expressed concerns over the potential impact on biodiversity, a public hearing heard Tuesday.
- Tue 12:11A regional carbon market framework across East Africa could help to leverage the opportunities afforded by each individual jurisdiction, according to speakers at the East African Carbon Markets Forum in Kampala last week.
- A US-headquartered investment firm has launched a $50-million fund to scale nature-based solutions in Latin America, with a goal of raising an additional $100 mln over the next months.
- A French developer of nature-based carbon and biodiversity projects on Tuesday announced it has raised €10 million in funding to expand its global reforestation activities.
- Tue 06:41Tokens - Non-profit Global Digital Finance, in an industry report on tokenisation of carbon credits, called for the establishment of a working group to create a framework for tokenised carbon credits. The initiative hopes to harmonise accreditation and reporting standards across voluntary carbon markets, drawing on best practices from the International Organization of Securities Commissions. The report said such a framework is essential to build trust as carbon credit tokenisation gains traction. In March, Thailand's Securities and Exchange Commission approved guidelines to permit digital asset exchanges, brokers, and traders to provide tokenised versions of carbon credits, renewable energy certificates, and emissions allowances.
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