Biodiversity credit market must recognise many projects will not work -researcher
Buyers of biodiversity credits should purchase multiple units at once to overcome the issue of some single initiatives not offering actual nature uplift, a researcher has said.
Read MoreEU, Greece to allocate €4.3 bln for protecting the ocean
The EU and Greece will invest a combined €4.3 billion in protecting the ocean and marine biodiversity, and promoting sustainability, they announced at the 9th Our Ocean Conference in Athens.
Read MoreEuro Markets: Midday Update
European carbon allowance prices erased Monday’s losses and resumed their upward march amid a continuation of short covering, as natural gas and power prices jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.
Read MoreCarbon reporting standard for financial sector launches chapter in Brazil
An industry-led carbon accounting programme for financial institutions has teamed up with two of Brazil’s largest banks to promote measurement and disclosure of emissions from the Brazilian financial sector, according to an announcement Tuesday.
Read MoreChina thermal power growth slows in March, renewable energy generation expands
Growth in China’s thermal power generation slowed in March with a sustained high level of coal output, while the pace in wind and hydropower generation accelerated, government data showed Tuesday.
Read MoreAustralia to introduce bill to establish EPA, but defers crucial environmental law reforms
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
Read MoreInternational emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
Read MoreNew tool helps UK building developers address biodiversity impacts
Building developers in England will be able to more easily address the biodiversity impacts of their projects and comply with the biodiversity net gain (BNG) mandate thanks to the launch today of a new BNG software, which helps companies understand the biodiversity impact of different building designs.
Read MorePhilippines, Germany roll out €37-mln climate and biodiversity programme
Germany’s international development agency GIZ and the Philippines Climate Change Commission on Tuesday announced the soft launch of a programme aimed at protecting, conserving, and rehabilitating biodiversity and natural carbon sinks in the Southeast Asian nation.
Read MoreIEA, GenZero say tech-based carbon credits could be used to fund low-emissions hydrogen, SAF, DAC
High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.
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