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- Mon 23:50Wet, leafy storage - A new study featured in Nature has suggested that large, slow-growing hydrophytes can increase wetland carbon storage. The study used data from more than 1,250 natural wetlands, examining plant diversity and its effect on carbon storage. It found that the functional diversity of plants had minimal impact on carbon sinks, while plants that live completely or partially submerged in water generally stored more carbon.
- CORSIA carbon futures tumbled again last week, detaching themselves from spot prices for the aviation offsetting scheme, amid an eye-opening week for the Paris Agreement market after a major energy and cookstove provider company went bust because Kenya would not agree to authorise international credit trade.
- Mon 12:54Guinea has outlined a wide-ranging list of priority sectors for climate investment under the Paris Agreement’s Article 6.4 carbon market mechanism, with a strong focus on energy, transport, agriculture, and forest protection.
- Mon 12:07Two Singapore-based companies have partnered to develop “advanced” digital monitoring, reporting, and verification (dMRV) systems for forest carbon in Southeast Asia, starting with a project in Indonesia.
- Mon 11:24An environmental standard body is set to update its carbon removal methodology with the aim of restricting crediting to areas exposed to high deforestation risks.
- Mon 10:09Australia should modernise its free trade agreements (FTAs) with Southeast Asian partners to better align trade policy with climate and nature objectives, as existing deals offer weak and largely voluntary environmental provisions, the World Wide Fund for Nature (WWF) said in a recent review.
- Mon 07:50Palm oil credits - Thailand’s Global Green Chemical (GGC) signed a cooperation deal with satellite operator Thaicom and the Thailand Greenhouse Gas Management Organization (TGO) to develop carbon credits from sustainable palm oil cultivation, the companies said last week. The project will use satellite data, remote sensing, and artificial intelligence to monitor plantations and measure carbon sequestration, with credits to be registered under Thailand’s voluntary T-VER programme. Malaysia is also looking to generate carbon credits from the palm oil industry.
