Wildlife Works, Everland publish new baseline allocation model for nested REDD carbon projects
Voluntary carbon project developers Wildlife Works and their brokerage arm Everland have presented a risk-based approach to setting deforestation baselines for ‘nested’ REDD schemes, which they say gives governments the option to allocate areas under higher risk of deforestation to meet jurisdictional climate goals.
Read MoreBlackRock publishes climate investment guidelines
US-based BlackRock, the world’s largest asset manager, published guidelines outlining its voting strategy at shareholder meetings on behalf of funds with climate-related investment objectives, inclusive of positions on corporate disclosures, shareholder proposals, and board effectiveness.
Read MoreWCI Markets: Delayed implementation of ETS changes overshadows bullish takeaways from ARB rulemaking workshop
California Carbon Allowance (CCA) prices struggled to register upside despite some clarity on ARB’s allowance budget cut plans at Wednesday’s rulemaking workshop, given the unexpected delay in implementation, pushed further to 2026.
Read MoreCalifornia’s LCFS may be increasing emissions beyond the state -report
California’s Low Carbon Fuel Standard (LCFS) falls short in accounting for secondary effects, economists at the University of California said in a report Tuesday, as the recent boom in renewable diesel (RD) production has led to global agricultural land-use change not fully accounted for in the programme.
Read MoreSouth Dakota carbon pipeline law faces possible repeal in November
A South Dakota carbon pipeline law faces a petition with tens of thousands of signatures that could send the measure to a vote in November, as a sustainable aviation fuel (SAF) industry-backed campaign has emerged to defend the regulation.
Read MoreEnvironmental non-profits urge RGGI states to provide Third Program Review update -media
A coalition of green groups have signed letters to the 10 RGGI states, urging their environmental authorities to clarify the schedule of anticipated changes to the power sector carbon market, now six months overdue its targeted conclusion date.
Read MoreRoad to compliance markets for carbon removals must address CDM -webinar
The lack of an existing precedent for carbon removals under the UN Clean Development Mechanism (CDM) is “a blessing and a curse”, said a member of the Paris Agreement’s Article 6 Methodological Expert Panel during a webinar Monday, as market standards are yet to be developed under Article 6.
Read MoreUS Forest Service defends timber targets in lawsuit for ignoring carbon emissions from logging
The US Forest Service, responsible for stewardship of public forest acreage, defended its timber targets as part of its process to secure funding from Congress, and thus not subject to federal environmental law, in recent updates to a lawsuit filed by environmental groups against the agency.
Read MoreQuebec government advisory committee calls for cap-and-trade changes to increase cost of carbon
The cost of a carbon allowance in Quebec’s carbon market is too low to limit global temperature increase to 2C, a government advisory committee said in a report published Wednesday, as they called for revisions to the province’s cap-and-trade programme to encourage further emissions reductions and increase the cost of carbon.
Read MoreFEATURE: Legal, scientific scrutiny before ocean carbon-remover Running Tide ran aground
Maine-headquartered Running Tide, the now-shuttered ocean carbon removal project developer, saw only a handful of early buyers and investors patient enough to see through the company’s delivery of voluntary carbon credits, as critics slate and executives defend its efforts to scale up.
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