State of Colima approves second-highest CO2 tax in Mexico
The Mexican state of Colima approved a new carbon tax Tuesday, making it the ninth state in the country to adopt such a policy.
Read MoreMajor carbon ETF adds Washington state allowances to holdings after market survives vote
A major US-listed carbon ETF has added Washington state’s cap-and-trade allowances to its holdings in its latest reweighting.
Read MoreClimate finance firm to source 250k credits from US-based soil carbon project
A California-based climate finance firm inked an agreement Wednesday with a carbon farming programme in which the firm will gain access to 250,000 credits sourced from a US-based regenerative agriculture soil carbon project.
Read MoreUS DAC company raises $150 mln in Series B funding to scale technology
A California-based direct air capture (DAC) company announced on Wednesday $150 million in funding from a range of industrial and venture capital investors aiming to drive down costs of the technology.
Read MoreEU’s upcoming low-carbon hydrogen rules could help scale up market, says think tank
An upcoming law defining low-carbon hydrogen could help scale up the market and help reduce emissions in the EU’s hard-to-abate sectors while renewable hydrogen is still not available in the required quantities, a report by a Brussels-based think tank said on Wednesday.
Read MoreClear demand signal needed to scale CORSIA carbon credit supply, says Guyana
Airlines need to show a clearer demand signal if countries are to supply sufficient levels of CORSIA-eligible credits to meet the demands of Phase 1 (2024-26), a representative from Guyana told a carbon industry conference.
Read MoreEcuador, Barbados work on debt swap deals to drive nature, climate resilience investments
Ecuador is reportedly preparing to enter into its second deal to swap debt for conservation funding in the Amazon rainforest, according to a stock exchange filing released this week, while Barbados has announced a first of its kind debt-for-climate-resilience arrangement.
Read MoreSwiss foundation ups 2030 international carbon credit buying target to 20 mln
The Klik Foundation plans to buy around 20 million international carbon credits under Article 6 by the end of 2030, up from an earlier forecast for 15 mln, according to presentation slides circulated Wednesday.
Read MoreEurope-wide CO2 market, including UK, may reduce storage costs by 20% -report
A Europe-wide market for CO2 with access to the UK could reduce carbon storage costs by 20%, equal to €11 per tonne, according to a report released on Wednesday.
Read MoreGender equality can strengthen integrity of carbon credits, experts say
Developers can bolster the integrity of the carbon credits they sell by making sure there is gender equality across the design, implementation, and monitoring of their projects, according to experts.
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