Verra, Gold Standard, Puro deepen ties with Indonesia to bolster country’s carbon market
Three major carbon crediting bodies have taken major steps to integrate their systems with Indonesia’s national carbon market framework, with Verra signing a Mutual Recognition Agreement (MRA) with the government and Gold Standard launching detailed implementation guidance and a pilot programme.
Read MoreUS trade court backs Commerce Dept. in South Korea ETS subsidy dispute
A US trade court has upheld a Commerce Department determination that South Korea’s full free allocation of emissions allowances under its national carbon market constitutes a ‘de facto specific’ subsidy, rejecting a challenge by Hyundai Steel over the way the agency measured the benefit’s distribution.
Read More“Nudge” the rich: World’s wealthiest should be target of behavioural climate policy, researchers argue
Behavioural climate policies should focus more on the world’s wealthiest 10% of people, whose consumption patterns drive disproportionate greenhouse gas emissions and heavily influence wider social norms, according to new research.
Read MoreForest carbon offsets could raise future climate costs if overused, study warns
Relying too heavily on forest carbon offsets risks delaying energy decarbonisation and increasing long-term mitigation costs if sequestration is lost or overestimated, according to a new study.
Read MoreCanada outcompetes US as carbon capture firm moves pilot DAC project north
A US-based climate-tech firm has relocated its first commercial direct air capture (DAC) pilot from Arizona to Canada, citing more favourable tax credits and regulatory support.
Read MoreSerbia drafts domestic, import carbon tax laws to align with EU CBAM
Serbia on Wednesday unveiled draft legislation to introduce a national tax on greenhouse gas emissions from 2026, as the country moves to align with EU climate policy and shield exporters from costs under the bloc’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreAnalysts tip rising demand, shrinking supply to keep lifting EUAs back towards €100
European carbon allowances are forecast to keep rising back towards triple digits, three investment banks said in separate reports this week, identifying differing demand drivers that they predict will trump weaker gas prices.
Read MoreScientists urge targetted research on ocean iron fertilisation, flag Southern Ocean for large-scale phytoplankton mCDR trials
Iron fertilisation in the Southern Ocean has been identified as the most promising option for phytoplankton-based marine carbon removal methods, but major uncertainties on durability, measurability, and ecological risks must be resolved before any deployment decisions can be made.
Read MoreCWNYC25: Firms risk over $500 bln in annual unmanaged Scope 3 liabilities by 2030, report warns
Corporates could face more than $500 billion in annual liabilities from unmanaged supply chain emissions by the end of the decade, but targeted supplier engagement and investment could deliver returns of up to six times, according to a new study published Wednesday.
Read MoreCWNYC25: Trump calls climate change “con job”, doubles down on fossil fuels in divisive UN speech
President Donald Trump dismissed climate change as a “con job” and attacked global climate action in his address to the UN General Assembly on Tuesday, while pledging to expand fossil fuel output and roll back renewable energy in the US.
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