FEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
Read MoreFEATURE: Europe accused of hijacking int’l carbon markets with removal certification
With its certification for emissions’ removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.
Read MoreEuro Markets: EUAs drop 3.8% on the day and the week as markets unwind amid easing Middle East tension
European carbon prices recorded a 3.8% drop on Friday, which also represented the week-on-week decline, after prices had spent the week fluctuating in a relatively narrow €6.80 range, as markets sold off steadily after an overnight attack by Israel on Iranian facilities appeared not to have inflamed the already-tense atmosphere in the Middle East.
Read MoreSBTN launches first science-based targets for seafood value chains
The Science Based Targets Network (SBTN) has launched a corporate pilot to develop the first scientific targets for seafood value chain impacts, ahead of the full roll out in mid-2025.
Read MoreSocial Carbon consults on upgrades to voluntary standard as it seeks to align with ICVCM
Social Carbon has opened a consultation on proposed updates to its standard for crediting voluntary projects, as well as the requirements for validation, monitoring, and verification, as it seeks to align with the ICVCM.
Read MoreTech firms launch fund for projects aligned with global biodiversity targets
A fund for investing in projects that contribute to reaching global biodiversity targets has been launched by an environmental impact platform and a payments network.
Read MoreUK Peatland Code likely to stack biodiversity credits with carbon from 2025
Peatland could generate voluntary biodiversity credits for sale in combination with carbon credits in the UK next year under Peatland Code proposals launched this week.
Read MoreAustralia’s Clean Energy Regulator writes to Safeguard entities over ACCU compliance concerns -source
The Clean Energy Regulator has written to entities covered under the Safeguard Mechanism raising concerns that they are not implementing strategies fast enough to meet their compliance obligations ahead of the February surrender deadline, a source has told Carbon Pulse.
Read MoreGerman biochar firm enters US partnership to coin voluntary carbon credits from wastewater sludge
A German climate technology firm has entered a partnership in the US to create biochar carbon removals from wastewater sludge disposal.
Read MoreIndia seeks exemption from UK’s CBAM -media
India is seeking an exemption from Britain’s planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.
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