Lawmakers consider creation of an EU carbon removals market before 2030
EU parliamentarians are considering whether to push for the creation of a bloc-wide carbon removals market before the end of the decade, with at least one senior MEP signalling on Wednesday that they will submit an amendment in upcoming legislation while another urged caution.
Read MoreXpansiv to hold first carbon auction next month
Xpansiv will hold its first carbon credit auction early next month, the environmental commodities marketplace announced on Wednesday, fixing a date almost three months after launching the service.
Read MoreRatings firm gives big downgrade to African REDD project
A carbon credit ratings agency has given a major downgrade to a previously highly-ranked Verra-certified REDD project in Africa amid signs of deforestation in the territory.
Read MoreRatings firm puts six carbon projects on watch in latest review round
A carbon credit ratings agency has put six projects on watch for a potential changes in their scores as part of portfolio reviews, while upholding the majority of grades in its latest round.
Read MoreAcademics team up with tech experts on nature carbon credit assessment tool
UK academics have joined with remote sensing and blockchain specialists to develop an assessment tool that aims to compare nature-based carbon credit projects on a like-for-like basis with any other offset project type.
Read MoreEU foreign ministers fail to unite over fossil fuel phaseout
EU foreign ministers on Monday failed to unanimously agree on a call to push for a global phaseout of fossil fuels, though officials promised a fresh approach on the bloc’s climate diplomacy.
Read MoreShipping industry proposes fresh carbon levy plan ahead of crunch UN talks
The International Chamber of Shipping is proposing a fast-starting $50/tonne “fund and reward” carbon levy for governments to adopt at upcoming crunch UN talks to address the maritime sector’s climate impact.
Read MoreCarbon ratings firm downgrades US CCS offset projects to lowest rank
A carbon credit ratings agency has downgraded three ACR-certified enhanced oil recovery (EOR) projects in the US to its lowest ranking after a portfolio review.
Read MoreUK carbon standard launched to spur nature restoration via approved buyers
A UK standard focused on developing native habitat restoration projects for the domestic voluntary carbon market has had its first two projects validated, it said on Thursday, noting that it will only sell its credits to those taking steps to cut their own emissions.
Read MoreRatings firm downgrades scores in sweep of water projects
A carbon credit ratings agency has downgraded its scores for three Gold Standard-certified water purification projects in Africa as part of a review into the activity.
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