Armenia to host 2026 UN biodiversity talks
Delegates at COP16 in Colombia on Thursday voted for Armenia as host of the next biodiversity summit in two years’ time, narrowly beating neighbour and climate COP29 host Azerbaijan.
Read MoreOregon signs state forest agreement with voluntary carbon credit project developer
Oregon’s Department of State Lands (DSL) signed a development agreement Thursday for an 83,000-acre (33,600 ha) state forest to generate carbon credits for sale in the voluntary carbon market (VCM).
Read MoreWCI Market: WCA prices gain momentum ahead of key repeal decision, CCAs rise into month-end
Washington Carbon Allowance (WCA) futures prices rose past $50 on Thursday ahead of the looming Nov. 5 vote to decide the fate of the state’s ETS, while California Carbon Allowance (CCA) activity took a backseat lacking fundamental drivers.
Read MoreEU power sector urges reforms to ETS, calls for more stability and investment in post-2030 transition
Europe’s power sector is calling on the EU strengthen its carbon market post-2030 to support to bloc’s climate ambitions, with a focus on improvements to market stability, allowance price predictability, and targeted investment, according to a position paper released on Thursday.
Read MoreEU market regulator pushes for clearer carbon allowance accounting in financial statements
The EU’s market regulator has called for listed companies to improve transparency and consistency in the accounting of carbon allowances, urging firms to follow best practices and disclose more information about their financial exposure to emissions-reduction commitments.
Read MoreUS policymakers should act now for chance at $135 bln global CDR market opportunity -report
CO2 removals (CDR) can doubly support states to meet climate targets and tap into an emergent market estimated to reach up to $135 billion by 2040, with opportunity for policymakers to facilitate scale-up, said a US think tank in a report Wednesday.
Read MoreIncomplete data, low-quality credits mire first disclosures under California’s voluntary carbon offset law -report
Just over two dozen companies have published their voluntary carbon offset purchases in compliance with a recent California law, but many disclosures were incomplete and included low-quality credits, a research group said Thursday.
Read MoreCOP16: Countries launch ‘champions group’ for mainstreaming biodiversity
A group of 17 countries led by Colombia and Mexico have announced they are establishing a special group at COP16 to drive progress on mainstreaming biodiversity, following what they said are attempts to undermine the policy.
Read MoreUS DAC developer establishes sorbent manufacturing plant in Missouri
A US-based direct air capture (DAC) developer announced Thursday that it will begin manufacturing a novel sorbent material that will be able to passively remove CO2 from the atmosphere.
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