Kenya-based carbon trading platform launches with 2-Mt deal
A Nairobi-based blockchain carbon credit platform has launched with a futures transaction of more than two million credits sourced from one of its founding partners.
Read MoreRatings firm highlights cracks in Everland’s REDD+ robustness claims
In an attempt to allay market confusion from contrasting conclusions reached by REDD+ stakeholders and academics last week, an offset ratings firm released an analysis on Wednesday explaining key shortcomings of one of the studies.
Read MoreEU sets out rules for first green hydrogen auction
The European Commission on Wednesday set out rules for participation in its inaugural auction, funded through ETS revenue, to subsidise green hydrogen across the 27-nation bloc.
Read MoreVCM Report: CBL’s nature contract jumps in late afternoon trade
Xpansiv CBL N-GEO nature-based contract jumped late afternoon Monday to shake off last week’s malaise when carbon credits prices generally drifted sideways again, although there were signs of life for CORSIA, the international aviation emission trading scheme of ICAO.
Read MorePuro.earth opts to end expiry dates for its carbon removal units
Carbon removal standard Puro.earth has opted to eliminate expiry dates for all its CORC durable carbon removal units, likely boosting future supply of the premium-priced carbon credits.
Read MoreCarbon ratings provider joins space agency project to weigh climate impact of wildfires
A carbon credit ratings agency has partnered with research institutions on a European Space Agency project to assess impact of wildfires on the carbon cycle, the company announced on Thursday.
Read MoreUK vows tougher sustainability tests for wood-burning power plants
The UK government signalled Thursday it will continue to support biomass energy production albeit under stricter sustainability tests, but did not spell out how it would subsidise utility Drax’s BECCS plans.
Read MoreGerman government agrees compromise on hike of domestic carbon price -Bloomberg
Germany’s coalition government has agreed to raise its domestic carbon price for buildings and transport but to a level still below its pre-energy crisis upward trajectory, Bloomberg reported on Wednesday, citing anonymous sources.
Read MoreEU wants firms to set out detailed climate plans in return for free allocations
EU industrial companies should set out climate plans featuring emissions intensity goals and planned measures for every five-year period through 2050 to ensure they can continue to receive their full free allocation of carbon allowances, the European Commission said on Friday.
Read MoreAmazon among dozens of firms flagged by SBTi for missing climate goal deadline
US tech giant Amazon is among more than 60 companies identified by the Science-Based Targets initiative (SBTi) late on Thursday for falling to meet a deadline in submitting their emissions reduction goals for validation.
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