State of Colima approves second-highest CO2 tax in Mexico

Published 23:31 on December 4, 2024  /  Last updated at 23:31 on December 4, 2024  / /  Americas, Carbon Taxes, 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.

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Major carbon ETF adds Washington state allowances to holdings after market survives vote

Published 22:35 on December 4, 2024  /  Last updated at 22:35 on December 4, 2024  / /  Americas, Canada, EMEA, EU ETS, UK ETS, US

A major US-listed carbon ETF has added Washington state’s cap-and-trade allowances to its holdings in its latest reweighting.

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Climate finance firm to source 250k credits from US-based soil carbon project

Published 19:49 on December 4, 2024  /  Last updated at 19:49 on December 4, 2024  / /  Americas, Nature-based, US, Voluntary

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.

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US DAC company raises $150 mln in Series B funding to scale technology

Published 19:11 on December 4, 2024  /  Last updated at 19:11 on December 4, 2024  / /  Americas, US, Voluntary

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.

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EU’s upcoming low-carbon hydrogen rules could help scale up market, says think tank

Published 17:42 on December 4, 2024  /  Last updated at 17:42 on December 4, 2024  / /  EMEA, EU ETS

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.

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Clear demand signal needed to scale CORSIA carbon credit supply, says Guyana

Published 17:29 on December 4, 2024  /  Last updated at 17:29 on December 4, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, South & Central, Voluntary

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.

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Ecuador, Barbados work on debt swap deals to drive nature, climate resilience investments

Published 16:47 on December 4, 2024  /  Last updated at 16:47 on December 4, 2024  / /  Americas, Biodiversity, South & Central

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.

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Swiss foundation ups 2030 international carbon credit buying target to 20 mln

Published 16:32 on December 4, 2024  /  Last updated at 16:32 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6

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.

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Europe-wide CO2 market, including UK, may reduce storage costs by 20% -report

Published 16:30 on December 4, 2024  /  Last updated at 16:29 on December 4, 2024  / /  EMEA, EU ETS, UK ETS, Voluntary

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.

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Gender equality can strengthen integrity of carbon credits, experts say

Published 16:23 on December 4, 2024  /  Last updated at 16:30 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

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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