Australian outfit finds biodiversity credit demand in carbon partnership
An Australian project developer has sold 70,000 biodiversity credits over the past three months after striking a partnership with a carbon credit supplier to combine offerings.
Read MoreMost institutional investors target net zero, divided over role of carbon offsets -report
Nearly two-thirds of asset owners and managers have committed to net-zero targets, yet opinions remain split on the role of carbon offsets in meeting these goals, according to a report released this week.
Read MoreBrussels preparing ‘net’ climate goal for 2040, EU sources confirm
The European Commission is preparing to unveil its 2040 climate target proposal towards the end of February, based on the assumption that it will be a “net” greenhouse gas reduction objective of 90% that also includes CO2 removals from soils and forestry, a senior EU source told Carbon Pulse.
Read MoreChinese papermaker secures contracts to grow carbon project pipeline
A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline.
Read MoreGovt panel says New Zealand can lower methane reduction ambitions
Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.
Read MoreMajor biochar project to get grant funding in Western Australia
One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.
Read MoreAustralian soil carbon project developer acquires tech platform
One of Australia’s largest soil carbon project developers has acquired a tech company’s risk and impact assessment tool that it will combine and launch as a new platform, it announced this week.
Read MoreWashington finalises regulatory updates for imported power under carbon market
Washington state on Tuesday adopted amended regulations to establish obligations in future for emissions associated with imported power from centralised electricity markets (CEMs).
Read MorePREVIEW: Programme review uncertainty tempers RGGI Q4 auction expectations
Traders expect RGGI’s last permit sale to clear discounted or near secondary market prices, with mild involvement from financial entities given uncertainty on programme review next steps.
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