VCM Report: Nature-based offsets dip below $2 in light holiday trade
Spot nature-based carbon credits sank below $2/tonne over the past week in thin trade disrupted by the Easter holiday period, while futures resumed their downward path after a brief quarter-end bounce.
Read MoreDevelopers launch Europe’s first seagrass methodology as French offset scheme takes flight
A French public-private partnership has established the first carbon accounting methodology in Europe dedicated to the protection of seagrass beds via the country’s carbon credit certification programme.
Read MoreCORRECTION – Ratings agency awards rare upgrade to Latam REDD project
A carbon credit ratings agency has updated its score for a Latin American REDD forest protection project, a rare instance of a project rating being upgraded – rather than downgraded – following a review.
Read MoreStationary EU ETS emissions in surprise fall in 2022, preliminary data shows
Verified emissions from stationary installations in the EU ETS dipped by 1.2% in 2022, according to preliminary but incomplete data published by the European Commission late Monday, with GHG output under the 18-year old market appearing to resume its long-term downtrend in a surprise year-over-year decline that most analysts did not see coming.
Read MoreEU seeks views on 2040 emissions target, requires increase in removals
The European Commission launched a consultation on Friday as part of its preparation for proposing EU 2040 climate goals next year to ensure the bloc hits its binding net zero emissions goal a decade later.
Read MoreUK forestry fund buys three more projects for £10 million
A UK forestry fund has this month added three new nature-based projects to its portfolio from activities across Scotland and Wales, the firm announced Thursday.
Read MoreICE delays auction of reforestation carbon credits
The ICE exchange has delayed its first carbon credit auction, postponing the sale of 500,000 reforestation units on the eve of the sale, the bourse said late Wednesday.
Read MoreUK unveils first CCS, hydrogen support and consults on carbon leakage
The UK unveiled plans for major support to front-running CCUS and green hydrogen projects on Thursday, and announced that it will launch a consultation on how ETS-covered companies can be better protected against carbon leakage.
Read MoreSenior lawmaker warns against giving the US exemptions from EU’s carbon border measure
US steel and aluminium exports should not be exempt from the EU’s carbon border adjustment mechanism (CBAM) as the nation’s climate measures aren’t as ambitious and handing out a free pass would dissuade the US and other countries from raising their game, German MEP Peter Liese said Wednesday.
Read MoreFinnish startup raises cash for carbon negative concrete plans
A Finnish startup has raised €1.8 million to scale up the manufacture of carbon negative concrete and put the company on course to its goal of producing up to a fifth of the global market by mid-century.
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