EU’s largest arable farm signs up to soil carbon project
The EU’s largest arable farm has signed up to a soil carbon programme that now spans two million hectares across 17 European countries.
Read MoreCarbon project developers wary of “unfair” scrutiny by raters
Carbon credit rating agencies risk undermining financial flows by grading projects in a fragmented and retroactive way, developers have outlined in a paper that takes aim at the companies that have judged much of their work as poor in recent years.
Read MorePuro.earth’s carbon removals standard proposes changes to align with ICVCM and CORSIA
Puro.earth’s carbon removals standard has proposed changes to enable it to gain the ICVCM’s CCP integrity label and be eligible for use in the CORSIA international aviation offsetting scheme.
Read MoreCOP28: Azerbaijan emerges as COP29 host favourite after Armenia gives blessing
Azerbaijan has re-emerged as a frontrunner to host next year’s COP29 UN climate talks after Armenia on Thursday endorsed its neighbour’s bid, thereby removing a key obstacle.
Read MoreCarbon removal fund agrees biggest-yet offtake deal with enhanced weathering developer
A removals buyers club has sealed its biggest-yet offtake contract, agreeing to pay $57.1 million for the supply of credits over 2024-28 from a developer of enhanced weathering solutions.
Read MoreANALYSIS: EU shake-up to ETS free allocation only a partial effort to speed industrial decarbonisation
The European Commission has unveiled draft plans to force the EU’s dirtiest factories to pay for more of their CO2 output by curbing their ETS free allocations, a move some observers say would spur significant emissions cuts but still give a free ride to some major polluters.
Read MoreCOP28: Norway makes $100 mln contribution to Indonesia in recognition of forest protection efforts
Norway on Friday announced a contribution of $100 million to support Indonesia’s continued efforts to reduce deforestation, pointing out that the Asian nation now has the lowest reported levels in 20 years.
Read MoreINTERVIEW: Carbon removal buyer eyes market gap for project financing, says registries need to divorce from verifiers
A large tech company with a growing carbon removal portfolio is looking for ways to support early-stage technologies with access to project finance, and calls for better standardisation of registries in order to reduce the risk of over-crediting in the voluntary carbon market.
Read MoreCOP28: Oman updates NDC, signals willingness on Article 6
Oman updated its NDC for the second time on Thursday, substantially raising its business as usual (BAU)-based goal and signalling a willingness to develop emissions trading approaches under Article 6 of the Paris Agreement.
Read MoreSBTi resurrects plans to set out oil and gas company climate goals
Corporate climate goal assessor SBTi is resuming its plans for a climate goal template for oil and gas companies, more than 18 months after barring the big emitting firms from making submissions.
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