BRIEFING: Packed election year risks silencing discussions on climate, say former UN leaders
Two former UN leaders highlighted the world risks losing sight of the urgency to tackle climate change over this packed election year, with conflicts and short-termism taking political priority, during an event in London today.
Read MoreNew reforestation project in Sierra Leone under fire for allegedly abusing land owner rights
A reforestation project in Sierra Leone has come under fire for allegedly abusing landowner rights before the project was registered with Verra, although the developers say correct procedures were followed.
Read MoreEuro Markets: EUAs post 7.6% weekly gain despite abrupt about-turn and daily loss as profit-taking emerges
European carbon allowances posted a weekly gain of 7.6% despite a volatile session on Friday, in which prices reached a 13-day high but unwound all their gains as the short squeeze of the last three sessions gave way to profit-taking after Thursday’s 6.9% jump.
Read MoreEuropean coal output, imports slump amid drop in energy demand and shift to renewables
European hard coal output dropped by 9% in 2023, while lignite production plunged 24% year-on-year as demand for fossil-fired energy tumbled, according to an annual report from Euracoal, the bloc’s coal association.
Read MorePOLL: MSR to remove smallest total to date in 2024-25 amid marginal decrease in surplus -analysts
The annual reduction in EU carbon allowances for 2024-25 through the Market Stability Reserve will be the smallest yet, reflecting a slight decrease in the market’s overall supply in 2023, according to a poll of analysts.
Read MoreUS startup launches to scale fundings towards coastal NbS, biodiversity conservation
A US-headquartered consultancy launched this week to bolster and expedite funding towards nature-based solutions (NbS) and blue carbon, planning to engage in the nascent biodiversity credit market.
Read MoreSBTi offset issue has negative legacy for biodiversity credits, lawyer says
The carbon offset controversy at Science Based Targets initiative (SBTi) has detrimental consequences for the nascent voluntary biodiversity credit markets, which are paralysed by confusion, a legal expert has said.
Read MoreUK government loses second ruling over inadequate climate plan
The UK government has lost a second case brought by environmental campaigners for not doing enough to meet its targets for cutting greenhouse gas emissions.
Read MoreFEATURE: Corporates seek customised projects to tackle their waste footprints
Corporates are keen to support customised waste collection and recycling programmes that equate to their waste production footprint and potentially tie back to their own supply chain, with the plastic credit model not suited to all circumstances, say market stakeholders.
Read MoreEfforts to integrate biodiversity targets across sectors largely ineffective, study says
Insufficient funding as well as vaguely formulated and conflicting targets have largely hampered the integration of biodiversity into decision-making across different sectors, a paper has said, calling for more consistent and coherent policies to be established.
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