Verra begins revision of voluntary carbon agriculture management methodology

Published 17:59 on May 17, 2024  /  Last updated at 17:59 on May 17, 2024  / Roy Manuell /  Americas, Asia Pacific, EMEA, Voluntary

Voluntary carbon standard Verra is initiating a revision of the methodology to credit improved agricultural land practices, it said Friday.

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CO29 host Azerbaijan drafts carbon tax law as it pursues new climate agenda

Published 17:32 on May 17, 2024  /  Last updated at 17:32 on May 17, 2024  / Nick Ferris /  Carbon Taxes, Climate Talks, EMEA, International

COP29 host Azerbaijan is drafting a law that will introduce a domestic carbon tax, the head of this year’s UN climate conference in Baku said, as reported by the national news agency.

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Euro Markets: EUAs extend sideways trading, post 1.7% weekly loss but remain in channel

Published 17:10 on May 17, 2024  /  Last updated at 17:11 on May 17, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rose early on Friday, catching support from rising natural gas and a relatively strong auction outcome, before giving up most of their gains to post a 1.7% weekly loss as the market continued to move within the €68-€72 range it has occupied all week, while UK Allowances rose to a three-month high in late trading.

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Incoming far-right Dutch coalition party set to dial back climate ambition

Published 15:59 on May 17, 2024  /  Last updated at 15:59 on May 17, 2024  / Rebecca Gualandi /  Carbon Taxes, EMEA

The Netherlands is set to U-turn on national climate and energy policies and complicate climate discussions at EU level as a new coalition government including Geert Wilders’ far-right party prepares to take over.

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FEATURE: Just transition approaches need refinement, some countries lead the way

Published 15:43 on May 17, 2024  /  Last updated at 15:43 on May 17, 2024  / Bryony Collins /  Africa, Americas, Asia Pacific, Australia, EMEA, International, Middle East, US

Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a ‘just transition’, though approaches diverge significantly and finance remains a key stumbling block.

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Australian organisation releases guide to enhance biodiversity in solar farms

Published 15:05 on May 17, 2024  /  Last updated at 15:05 on May 17, 2024  / Giada Ferraglioni /  Asia Pacific, Australia, Biodiversity

An Australian non-profit consultancy has released a set of strategies to achieving net gain in biodiversity within new solar farms, as its country plans to enhance efforts to prevent renewable plants from harming ecosystems.

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INTERVIEW: Developer of low-concentration CO2 capture strives for below $100/t in a decade  

Published 14:33 on May 17, 2024  /  Last updated at 14:33 on May 17, 2024  / Bryony Collins /  Americas, International, US, Voluntary

A developer of carbon capture technology using a new class of material able to capture CO2 at very low concentrations aims to reach costs of below $100 per tonne in the next decade, thanks to its high energy efficiency and use of low-grade waste heat.

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Critical minerals ‘not a deal-breaker’ for climate goals – at least for now, IEA says

Published 14:30 on May 17, 2024  /  Last updated at 14:30 on May 17, 2024  / Frédéric Simon /  Africa, Americas, Asia Pacific, EMEA, International

The International Energy Agency (IEA) has issued a cautious warning about the supply of critical raw materials needed for clean technologies, pointing to “potential strains” in supply that could slow down the green transition, but aren’t enough to derail it for now.

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Only half of global carbon revenues directed to climate and nature -report

Published 14:29 on May 17, 2024  /  Last updated at 14:29 on May 17, 2024  / Paddy Gourlay /  Carbon Taxes, International

Only about half of carbon revenues generated globally from compliance markets is directly used for climate and nature, a new report has found.

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India to ensure benefit for every stakeholder before rolling out carbon market policy -official

Published 14:28 on May 17, 2024  /  Last updated at 14:28 on May 17, 2024  / Nikita Pandey /  Asia Pacific, Other APAC, Paris Article 6, Voluntary

India will seek to ensure every stakeholder will benefit before rolling out a policy to support its carbon market, a government official said this week.

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