EU’s carbon border plans to increase recycling in the steel industry -study

Published 20:09 on February 6, 2023  /  Last updated at 20:09 on February 6, 2023  / /  CBAM, EMEA, EU ETS, International

The EU’s carbon border adjustment mechanism (CBAM) will help increase scrap recycling in steel production, according to a recently-published study, which noted that framing the border policy as a key ingredient to the circular economy has several benefits.

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UK to finance pilot to convert industrial waste gas into consumer products

Published 17:19 on February 2, 2023  /  Last updated at 17:19 on February 2, 2023  / /  EMEA, International, UK ETS

A cross-sector collaboration has secured UK government decarbonisation funding to demonstrate how industrial waste gases can be converted into raw materials for consumer products.

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Salesforce platform partners with another carbon credit ratings agency

Published 14:56 on February 1, 2023  /  Last updated at 15:13 on February 1, 2023  / /  International, Voluntary

US software giant Salesforce announced a new partnership with a carbon credit ratings agency on Wednesday, boosting project transparency on its Net Zero Marketplace.

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Verra technical review finds “worthless” media over-crediting claims to be unfounded

Published 19:45 on January 31, 2023  /  Last updated at 19:45 on January 31, 2023  / /  International, Nature-based, Voluntary

The largest carbon crediting programme in the world, Verra, responded on Tuesday with a full technical review of the recent media reports that over 90% of its rainforest carbon offsets were worthless, disputing the articles as unfounded.

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Plan Vivo prepares release of draft protocol for biodiversity credits

Published 20:00 on January 30, 2023  /  Last updated at 20:00 on January 30, 2023  / /  Biodiversity

The first biodiversity credits issued by a major standard are rapidly approaching market readiness, as Plan Vivo Foundation looks set to publish its draft biodiversity protocol on Tuesday.

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Norway highlights preference for jurisdictional REDD+, as stakeholders respond to criticism

Published 17:34 on January 30, 2023  /  Last updated at 23:18 on January 30, 2023  / /  International, Nature-based, Voluntary

Jurisdictional forest carbon markets have multiple advantages over project-based approaches in addressing climate change, Norway has outlined in response to recent media criticism that on Monday also prompted market stakeholders to defend the use of carbon credits. 

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ANALYSIS: Avoidance versus removals debate reignites amid REDD over-crediting concerns

Published 18:19 on January 26, 2023  /  Last updated at 19:49 on January 26, 2023  / /  International, Nature-based, Voluntary

Concerns about over-crediting of REDD+ forest conservation projects have rekindled debate on whether carbon removals are preferable to carbon avoidance, though the differences are not always clear.

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US, European industrial firms failing to implement net zero strategies -survey

Published 19:04 on January 25, 2023  /  Last updated at 19:04 on January 25, 2023  / /  International, Voluntary

Most businesses have failed to take practical steps to implement their net-zero strategies, according to a survey published Wednesday that found nearly half of respondents had cited a reliance on carbon offsets to meet their climate goals.

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INTERVIEW: Integrity labelling set to clean house for existing carbon credits

Published 19:13 on January 24, 2023  /  Last updated at 21:37 on January 24, 2023  / /  International, Voluntary

The Integrity Council for the Voluntary Carbon Market (ICVCM) has clarified that its labelling of high-integrity carbon credits will extend to past issuances, aiming to help clean up the considerable surplus of older-vintage credits.

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UK’s steel bailouts signpost green subsidy boost, carbon border adjustment

Published 18:18 on January 23, 2023  /  Last updated at 09:39 on January 25, 2023  / /  CBAM, EMEA, International, UK ETS

The UK is expected to announce some £600 million in support to help decarbonise two steelmakers according to several media reports, a potential signpost for the nation joining the broader global green subsidy push, while simultaneously considering a carbon border adjustment to ensure fair competition.

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