GEM’s carbon registry sale to Qatar’s GCC cancelled
Global Environmental Markets’ (GEM) sale of its fully integrated carbon registry business to Qatar-based offset standards body Global Carbon Council (GCC), which was announced at COP28 in Dubai last year, has been cancelled, the parties told Carbon Pulse.
Read MoreEU court dismisses lime maker’s challenge over free carbon allowance allocations
An EU court has dismissed two cases brought by a lime producer that sought to overturn a European Commission decision amending the free allocation of carbon allowances for its installations.
Read MorePoor health of former CQC executive Newcombe delays US fraud trial
A US District Court judge on Thursday delayed the trial of former C-Quest Capital executives Ken Newcombe and Tridip Goswami, who both face federal fraud charges, with the ex-CEO to be placed in a protective “bubble” as he undergoes drastic cancer treatment.
Read MoreMajor carbon ETF adds Washington state allowances to holdings after market survives vote
A major US-listed carbon ETF has added Washington state’s cap-and-trade allowances to its holdings in its latest reweighting.
Read MoreAI-powered climate tech firm discontinues VCM platform, services
An AI-powered climate tech company has shut down its online voluntary carbon market platform and halted access to its project data and other services.
Read MoreCarbon project ratings agency lays off dozens of staff amid voluntary market slowdown
A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.
Read MoreCOP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
Read MoreEU Commission pause on EUA auction adjustments bullish for prices -analysts
The European Commission this week announced that it would not increase EUA auction volumes in the near term under its REPowerEU programme to account for lower allowance prices, a declaration that analysts viewed as bullish.
Read MoreEuropean industry faces significant obstacles on road to net zero, report warns
European industries are grappling with significant technological, financial, and regulatory hurdles as they work towards net zero emissions, according to a new report.
Read MoreCOP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
A provision that “encourages” scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
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