DATA DIVE: Chilean renewable projects aim for PACM after major support from CDM
The Kyoto Protocol’s Clean Development Mechanism (CDM) played a critical role in building out Chile’s renewable energy generation, Carbon Pulse analysis of new national data has found, while dozens of Chilean renewables projects look ahead to the Paris Agreement Crediting Mechanism (PACM).
Read MoreRepeal of US clean power and transportation rules could boost 2050 emissions by 500 MtCO2 -report
Removal of the Biden administration’s clean power plan rule and vehicle fuel economy standards would increase US emissions by over half a billion tonnes of CO2 by 2050, according to federal data released Tuesday.
Read MoreAlberta TIER funds C$65 mln toward sustainable solutions for energy intensive industries
Emissions Reductions Alberta (ERA) launched a C$65 ($47) million funding opportunity for technologies with environmental benefits through its annual Industrial Transformation Challenge on Wednesday.
Read MoreUPDATE – Brazilian prosecutors demand cancellation of Para’s $180 mln J-REDD deal
Brazilian public prosecutors issued a recommendation recently to cancel the state of Para’s $180 million deal for the sale of jurisdictional REDD (J-REDD) credits, saying the agreement violates national law.
Read MoreWest Virginia legislature passes bill for CO2 storage under state parks
A West Virginia bill allowing the state to lease space under its parks is heading up the chain of command for final approval.
Read MoreUganda, Switzerland Article 6.2 deal “very close” to maturity -official
Uganda is very close to signing a bilateral agreement with Switzerland under Article 6 of the Paris Agreement, following the legalisation of country’s carbon market regulations earlier this month, an official from the Ministry of Water and Environment (MWE) said Wednesday.
Read MoreUS tech giant retires 52% more nature-based carbon credits in 2024
A large Silicon Valley-based technology company confirmed it had retired over 700,000 voluntary carbon credits last year, up 52% year-on-year, in its sustainability report published Wednesday.
Read MoreGlobal energy emissions may have peaked last year, analysts say
Global energy-related emissions could begin a structural decline from 2025 after likely peaking last year, despite surging electricity demand from data centres and a wider push to electrify more sectors of the economy, according to new research from BloombergNEF.
Read MoreEuro Markets: EUAs advance amid balanced investor data as UKAs stabilise amid record fund length
EU carbon permit prices rose on Wednesday after weekly Commitment of Traders data showed investment funds had liquidated almost all of the net EUA length they had accumulated since February, further raising the prospect that prices might start to float higher and test a key technical level, while UKAs steadied as positions data showed speculators had built up record net length.
Read MoreUK urgently needs roadmap to merge compliance, voluntary carbon market demand, finds report
London is pitching to become the hub of the global carbon market, with stakeholders in a new report calling on the UK government to pull levers for scaling demand, including a roadmap to integrate voluntary and compliance carbon markets, as well as plans to allow removal credits to compensate for hard-to-abate North Sea oil and gas emissions.
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