Islamic finance group, Saudi firm sign Maldives blue carbon partnership
An Islamic finance group has teamed up with a Saudi Arabian carbon specialist firm to explore the potential for reducing emissions and earn carbon credits from the vast seagrass meadows and mangrove forests in the Maldives.
Read MoreLand grabs for carbon offsetting projects, mostly in Africa, Latin America, threaten global food production -study
Global food production is under threat from the spread of carbon projects that interfere with the livelihoods of small-scale farmers and indigenous peoples worldwide, particularly in sub-Sahara Africa and Latin America, research released Monday has found.
Read MoreCF TURKIYE: Steep forward curve for Turkish ETS as permit prices seen tracking EUAs by mid-2030s
Allowances prices in Turkiye’s ETS are expected to eventually mirror those for EUAs in the EU carbon market, meaning they could climb to as high as €150/tonne by the mid-2030s, experts said this week.
Read MoreINTERVIEW: DAC developer launches pilot facility, plans to scale new chemical approach
A Tennessee-based direct air capture (DAC) company launched a pilot facility Wednesday, its initial deployment of an approach that the firm’s CEO told Carbon Pulse offers a more energy efficient alternative in the emerging industry.
Read MoreVirginia lawmakers poised to reach budget deal that excludes rejoining RGGI -media
Democratic lawmakers in Virginia and the state’s Republican governor reportedly reached a yet-to-be-published budget deal Thursday that is expected to exclude proposed language on rejoining the regional power sector cap-and-trade programme.
Read MoreCompliance players build length across North American carbon markets, speculators book V24 profits
Compliance entities have added to their holdings across North American carbon markets, while managed money continue to reduce vintage 2024 positions in most schemes in favour of longer-dated California Carbon Allowances (CCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Read MoreEuro Markets: EUAs reach four-month high before giving up €4 amid afternoon profit taking
European carbon allowance prices climbed to their highest in four months on Friday morning as determined buying took prices above two key technical levels, before sliding by more than €4 in the afternoon and giving up all their gains since Wednesday amid profit-taking ahead of the weekend and next week’s full auction programme.
Read MoreEUA cancellations associated with coal closures set to cut supply by 160 Mt by 2030 -analyst
Retirement of coal- and lignite-fired power plants by EU member states could lead to as many as 160 million EUAs being voluntarily cancelled by 2030, with even more set to be deleted after that date, forcing prices higher as supply is removed from the market, according to an analyst.
Read MoreMexican body introduces national carbon standard in push for voluntary market transparency -media
A Mexican standards body has launched a new version of an international offsetting standard adapted to the national context as the country moves to pass new transparency regulations governing the voluntary carbon market (VCM), according to a local media report.
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