CWNYC24: New York state officials select WCI as platform for cap-and-invest programme
Market administrator WCI Inc. will serve as the registry, auction, and financial services platform for the upcoming New York cap-and-invest (NYCI) programme, regulators announced Wednesday during Climate Week NYC.
Read MoreCWNYC24: EU and US climate negotiators want Article 6 “in the bag” in Baku
The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.
Read MoreCWNYC24: VCMI expects more companies to pick up its claims, as Scope 3 launch nears
Two companies have so far made claims for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative’s code for offset use – but more are expected in the coming months, and even more once the new Scope 3 claim is finalised, the initiative’s executive director told Carbon Pulse on Wednesday.
Read MoreCWNYC24: Carbon credit project developers say it’s on buyers to pay for insurance
Voluntary carbon market project developers’ margins are too thin to also pay for insurance – and the responsibility for insuring projects ultimately lies with the buyer, according to speakers at Climate Week NYC.
Read MoreCWNYC24: African carbon markets stakeholders consider credit price floor
A capacity-building programme for African carbon markets has considered a credit price floor but does not currently have an official ask, Carbon Pulse heard on Wednesday during Climate Week NYC.
Read MoreCWNYC24: UK pushing to get next Brazilian J-REDD deal over the line -official
The UK is making a push for the next jurisdictional REDD (J-REDD) deal arranged through the LEAF Coalition to be with another Brazilian state, a British official said Wednesday at Climate Week NYC.
Read MoreCWNYC24: Global corporations back new initiative for round-the-clock carbon-free electricity
Major international companies including Google have joined a new initiative aimed at boosting the use of carbon-free power across the world, in a bid to revolutionise electricity procurement and reduce emissions.
Read MoreCWNYC24: Climate impact verifier, standards body team up to drive corporate action on Scope 3 emissions
A climate impact verification organisation and a major carbon market standards body on Wednesday announced a new partnership aimed at driving credible corporate Scope 3 emissions reductions.
Read MoreCWNYC24: New initiative shuns carbon offsets to offer alternative path to decarbonising global fashion
A new initiative to decarbonise cotton production without the use of carbon offsets was launched Wednesday, in an attempt to transform the global fashion industry’s approach to sustainable raw materials.
Read MoreCWNYC24: Asset owners alliance announces second annual emission drop, claims alignment with 1.5C target
A global institutional investor group has announced a 6% annual drop in emissions across its 88 members, nearly doubling last year’s reductions, as it claims to be aligned with the 1.5C Paris warming target.
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