Experts warn CCP-approved REDD carbon methodologies risk significant over-crediting, leave integrity body

Published 11:25 on December 10, 2024  /  Last updated at 15:06 on December 10, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

The Integrity Council for the Voluntary Carbon Market (ICVCM)’s quality assessment process has been put under the spotlight after current and former experts of the stakeholder initiative’s expert panel warned that three recently-approved REDD methodologies could produce “large volumes” of over-crediting, with several members stepping away from the organisation.

Read More

New partnership targets full-chain carbon capture and storage solutions

Published 11:00 on December 10, 2024  /  Last updated at 10:54 on December 10, 2024  / /  EMEA, Voluntary

A carbon capture technology developer has partnered with a carbon storage provider to offer an integrated solution for reducing industrial emissions, the two companies announced on Tuesday.

Read More

Carbon savings from clean tech “vastly outweigh” mining impact -study

Published 09:00 on December 10, 2024  /  Last updated at 13:17 on December 9, 2024  / /  Americas, Asia Pacific, EMEA, International

The total carbon footprint of mining and refining critical raw materials (CRMs) is set to skyrocket 155% by 2035 if no action is taken to reduce environmental impact – but the carbon savings enabled by CRMs outweigh those emissions by a factor of 80, according to a new study.

Read More

Poland puts energy security on top of EU presidency agenda, sidelining climate

Published 08:49 on December 10, 2024  /  Last updated at 09:10 on December 10, 2024  / /  EMEA

Poland is preparing to take over the EU’s six-month rotating presidency at a time of war, the country’s minister of state assets told an EU audience on Monday, saying “immediate security considerations” should take precedence over climate in these troubled times.

Read More

Japanese climate tech company acquires software firm to improve emissions data accuracy

Published 08:46 on December 10, 2024  /  Last updated at 08:46 on December 10, 2024  / /  Asia Pacific, Japan, Voluntary

A Tokyo-based climate tech company has acquired a software firm to streamline emissions data collection and improve the accuracy of primary data, it announced Tuesday.

Read More

Australia consults on sunsetting unused ACCU methods

Published 05:31 on December 10, 2024  /  Last updated at 05:31 on December 10, 2024  / /  Asia Pacific, Australia

The Australian government is seeking feedback on how carbon credit methodologies that have not been taken up should be retired.

Read More

CP Daily: Monday December 9, 2024

Published 01:36 on December 10, 2024  /  Last updated at 01:36 on December 10, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

Read More

California regulators delay decision on profit cap for oil refiners

Published 01:11 on December 10, 2024  /  Last updated at 01:11 on December 10, 2024  / /  Americas, RINs & LCFS, US

A California agency told media outlets it would be delaying a key decision on implementing the governor’s plan to cap oil refiners’ profits.

Read More

Western Canadian business groups file legal challenge against federal greenwashing law

Published 00:54 on December 10, 2024  /  Last updated at 00:54 on December 10, 2024  / /  Americas, Canada

Two Western Canadian business associations filed a lawsuit against the federal government claiming that a recent law designed to tackle greenwashing violated fundamental Canadian rights.

Read More

Industry veteran launches new Houston-based environmental brokerage, consulting firm

Published 00:45 on December 10, 2024  /  Last updated at 00:45 on December 10, 2024  /  Americas, Bavardage, RINs & LCFS, US, Voluntary

A financial markets veteran has started a new Houston-based brokerage and consulting firm specialising in environmental credit solutions.

Read More