Euro Markets: EUAs build on recent strength, tracking gas higher on thin volume
European carbon allowance prices gained as much as 3.4% on Monday, approaching a key technical resistance level in the morning before tailing off, as they took cues from an early gas rally, supportive renewable generation and temperature forecasts, and tighter auction supply this week.
Read MoreVCM Report: Bad headlines abound, but voluntary carbon prices little changed
Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.
Read MoreUPDATE – Rimba Raya forestry licence holder dissolves partnership with project proponent
The Indonesian forestry concession holder of the troubled Rimba Raya REDD+ scheme on Monday said it had terminated its agreement with the project proponent, plunging the world’s largest forestry offset project deeper into chaos.
Read MoreAviation calls on the EU Commission to extend scope of emissions monitoring
The European Commission should extend the scope of its emissions monitoring tool on flights to also cover non-CO2 gases, according to a letter sent by airlines and NGOs on Monday to the Belgian presidency of the Council and the responsible Commission units.
Read MoreHIR projects under new integrated farm method could see their ACCU issuance cut in half -analysis
Existing human-induced regeneration (HIR) carbon projects that get folded into Australia’s integrated farm land management (IFLM) method could see their credit issuance halved due to more stringent requirements, analysis has warned.
Read MoreEU carbon market diplomacy taskforce starts to take shape
The EU’s carbon market diplomacy taskforce was formally launched on April 1 by the European Commission’s climate directorate and a new head has been appointed, an EU official confirmed.
Read MoreINTERVIEW: French environmental company pilots biodiversity credits in Mexico
A French-based environmental company has started piloting a biodiversity credit methodology for nature conservation and restoration projects in Mexico, with the first results expected by the end of October, Carbon Pulse has learned.
Read MoreEU-funded project to hasten corporate, policy efforts on biodiversity
A newly-launched project aims at accelerating and scaling nature-positive efforts by businesses, financial institutions, and European governments.
Read MoreGermany launches tender to help Kosovo analyse impact of CBAM, regional ETS
Germany has launched a search for contractors to assist the government of Kosovo in preparing for the EU’s carbon border adjustment mechanism (CBAM) and to establish a regional ETS in the Balkans.
Read MoreInvestments in clean technology manufacturing surged to $200 bln in 2023, IEA says
Global investment in clean technology manufacturing surged to $200 billion last year, a 70% increase from 2022, with solar manufacturing capacity already aligned with the deployment levels required in 2030 to achieve net zero emissions, the International Energy Agency (IEA) has said in a report released Monday.
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