COP28: Consortium launches initiative towards validation of satellite-based forest carbon assessment
A global network of forest mapping and monitoring actors on Friday launched the development of a biomass reference system in an early step towards a free, independent, and public system for the validation and calibration of forest carbon stock data.
Read MoreCOP28: Bolivia proposes moratorium for Article 6.4 carbon markets, observers suggest “performative” move
Bolivia has called for the ceasing of all market functions under the market-based Article 6.4 mechanism, which it sees as crowding out progress on non-market option Article 6.8, the government said in a statement released Friday at COP28 in Dubai, though observers have said the move is “performative” and is unlikely to have a significant impact on developments on the negotiated texts.
Read MoreUS Democrats follow up Republicans with their own CBAM legislation
Democrat lawmakers on Wednesday reintroduced a bill for the US to impose a carbon border adjustment mechanism (CBAM) on energy-intensive imports to help cut CO2 emissions and protect domestic manufacturing, only a month after Republicans put forward similar proposals.
Read MoreCOP28: Canadian utility launches first nuclear power offset protocol
A private Ontario-based nuclear company released Wednesday what it claims to be the industry’s first carbon credit methodology for nuclear power generation at COP28 in Dubai.
Read MoreAlberta TIER market credit prices retreat to eight-month low in November
Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in November more than reversed the previous month’s gains despite record-high transactions, with low spot volumes and political developments likely hindering prices, a report published Tuesday said.
Read MoreCOP28: US states behind on commitments to align with national climate goals, study shows
The 25 US states aiming to align with the country’s nationally determined contribution (NDCs) under the Paris Agreement must turn their emissions pledges into policy, attendees heard at a Tuesday panel as a report was presented showing progress towards the goal.
Read MoreUS well-plugging carbon credit company replaces CEO, announces acquisition
A Florida-headquartered company that plugs abandoned oil and gas wells to reduce methane emissions and generate carbon credits has replaced its CEO and has made an acquisition through a subsidiary.
Read MoreCOP28: Coal transition consortium signs “first-of-its-kind” pilot carbon crediting agreement
The Coal to Clean Credit Initiative (CCCI) signed Monday an agreement for the early phaseout of a Filipino coal plant, and is working with the COP28 presidency to garner buying interest in the resulting carbon credits issued from its draft methodology, which it says will be eligible for transaction under the Paris Agreement.
Read MoreCOP28: US Energy Transition Accelerator to launch in April, mobilise up to $207 bln in carbon finance by 2035
The US-led Energy Transition Accelerator (ETA) jurisdictional carbon crediting mechanism to phase out coal globally will launch next April, it was announced on Saturday at COP28, as an operational framework and initial pilot countries were also revealed.
Read MoreEnvironmental groups follow PA governor’s lead, appeal RGGI court halt
Four environmental groups have filed an appeal against a Pennsylvania lower court’s decision voiding the state’s participation in the US Northeast carbon market, following a similar appeal launched by the governor a week prior.
Read More