SB64: Kenya sets 10-mln ITMO cap for Article 6 transfers through 2030 -official
Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.
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$105 mln hydrogen push- International Finance Corporation, Siemens Financial Services, and Fullerton Carbon Action Fund today signed definitive agreements to co-lead a collective $105 mln equity investment into India’s green hydrogen solutions platform, Hygenco Green Energies. This new equity infusion in the hold-co platform is aimed at developing multiple commercially attractive green hydrogen projects, scaling […]
Read MoreCP Daily News Ticker: June 9, 2026
Concerns raised – Papua New Guinea’s Climate Change and Development Authority (CCDA) clarified it had conducted consultations with stakeholders over several years before introducing the country’s Green Fee, responding to concerns raised by the tourism sector. The authority said discussions with the PNG Tourism Promotion Authority began in 2020. CCDA also disclosed that around K2.7 […]
Read MoreCP Daily News Ticker: June 9, 2026
Grid without borders- Asian Development Bank (ADB) President Masato Kanda said that countries in Asia and the Pacific must work together to build a cleaner, more secure power system that can move electricity across borders. It is working to address this challenge through the Pan- Asia Power Grid Initiative (PAGI), which aims to expand cross-border […]
Read MoreCP Daily News Ticker: June 9, 2026
Jakarta blue economy- The Government of Norway officially launched the Norway–ASEAN Collaboration on Development of Blue Economy in ASEAN in Jakarta on Monday, local media reported. The project, to be implemented over two years, from 2025 to 2027, kicked off with commencement activities to strengthen regional capacity, enhance collaboration, and support the development of sustainable […]
Read MoreCP Daily News Ticker: June 9, 2026
Drilling deep – The New Zealand government has completed detailed design work for its GeoShot NZ supercritical geothermal project, it announced. The project aims to access superhot geothermal fluids 4–5 km below the surface—roughly twice the depth of conventional geothermal wells—which could yield around three times more energy than existing geothermal resources if the technology proves […]
Read MoreCP Daily News Ticker: June 9, 2026
California oil – The Trump administration is in active talks to create a petroleum reserve in California, Politico reported Friday. That’s according to a document authored by lawyers of Sable Offshore, a company that owns oil platforms off the state’s coast, which was sent to the US DOE. The company has proposed a West Coast […]
Read MorePairing US carbon tax with tariffs would double emissions reductions, increase GDP -report
Academic economics researchers published a working paper illustrating the impacts of carbon tariffs and domestic taxes, creating a model that disproves the trade-off between global emissions reductions and US GDP.
Read MoreUPDATE- New Zealand allowance auction declines again
New Zealand’s second government-held auction for the year failed to clear on Tuesday, in line with market expectations.Â
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