CP Daily: Tuesday April 23, 2024

Published 03:47 on April 24, 2024  /  Last updated at 03:47 on April 24, 2024  / Carbon Pulse /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Volatile day in California market as ARB workshop largely dodges main rulemaking questions

Published 03:35 on April 24, 2024  /  Last updated at 03:35 on April 24, 2024  / Graham Gibson /  Americas, Canada, US, Voluntary

WCI traders’ expectations for more clarifications on cap adjustment details, cost containment changes, and allowance allocation considerations from ARB at Tuesday’s workshop failed to materialise, resulting in volatile price action in the secondary market.

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Rabobank, Plan Vivo refute Ivorian carbon credit double counting claims

Published 01:59 on April 24, 2024  /  Last updated at 01:59 on April 24, 2024  /  Africa, EMEA, International, Nature-based, Voluntary

Rabobank and Plan Vivo have pushed back against reporting by investigative journalism outlet Follow the Money (FTM), which revealed that Cote d’Ivoire had asked the Dutch bank to suspend its carbon credit origination activities in the country’s Nawa region over double counting fears.

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BC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures

Published 01:45 on April 24, 2024  /  Last updated at 01:45 on April 24, 2024  / Allison Gacad /  Americas, Canada, Nature-based, Voluntary

Canada’s British Columbia has updated its offset regulation and published its second forest carbon offset protocol (FCOP 2.0), which mandates First Nations’ engagement across all projects and stipulates measures that could see fewer credits awarded to project developers in the event of a reversal.

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Australia provides A$330 mln to decarbonise heavy industry

Published 01:32 on April 24, 2024  /  Last updated at 01:32 on April 24, 2024  / Mark Tilly /  Asia Pacific, Australia

The Australian government has provided A$330 mln ($214 mln) in grant funding to heavy industrial facilities across the country to reduce their CO2 emissions by 830,000 tonnes per year, it announced Wednesday.

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Over $11 mln secured to oppose Washington’s cap-and-trade repeal initiative

Published 01:20 on April 24, 2024  /  Last updated at 01:20 on April 24, 2024  / Bijeta Lamichhane /  Americas, US

Major US corporations are backing a campaign against a voter initiative in Washington that seeks to overturn the state’s cap-and-trade programme, with some $11 million mobilised by the time it launched last week.

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CORSIA credits could be worth over $50/t based on airline demand signals, says offset project financier

Published 00:37 on April 24, 2024  /  Last updated at 01:16 on April 24, 2024  /  Africa, Americas, Aviation/CORSIA, Canada, EMEA, International, Nature-based, Other APAC, Paris Article 6, South & Central, Voluntary

Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.

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BRIEFING: Additional MRV, policy support needed to scale enhanced weathering as a CDR solution, experts warn

Published 23:31 on April 23, 2024  /  Last updated at 23:31 on April 23, 2024  / Bijeta Lamichhane /  Americas, EMEA, International, Nature-based, US, Voluntary

Advancing enhanced rock weathering (ERW) as a CO2 removal solution will require addressing MRV challenges and higher policy support, especially in Europe, members of a recently formed industry alliance said Tuesday.

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VP Carbon Dioxide Removal Offtakes, Equatic – Los Angeles

Published 21:32 on April 23, 2024  /  Last updated at 21:32 on April 23, 2024  /  Job Postings

Equatic is seeking a VP Carbon Dioxide Removal (CDR) Offtakes to lead the company’s global sales operations, including customer and community engagement, commercial and revenue growth strategy, customer development and account management, communications, marketing and branding. This is a foundational leadership position and the VP CDR Offtakes will play a key role developing and executing the company’s overall business strategy.

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Senior Advisor, Carbon Markets, UNOPS – Copenhagen

Published 20:51 on April 23, 2024  /  Last updated at 20:51 on April 23, 2024  /  Job Postings

The candidate is expected to work independently on a varied portfolio of activities, including project management and program development, collaboration with partners, quantitative and qualitative analysis, presentation of analytical results using digital tools and web-based platforms as well as collaboration with relevant colleagues across UNEP and UNEP-CCC sections.

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