Carbon ratings agency partners with UAE bank to ‘bring transparency’ to carbon markets

Published 12:02 on August 19, 2024  /  Last updated at 12:02 on August 19, 2024  / /  EMEA, Middle East, Voluntary

A carbon ratings agency has partnered with a bank to “bring transparency to carbon markets in the UAE”, the two companies said on Monday.

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‘Hybrid’ steel plants could ease switch to green steel -analyst

Published 15:21 on August 15, 2024  /  Last updated at 15:21 on August 15, 2024  / /  EU ETS, Voluntary

‘Hybrid’ steel plants that blend hydrogen and natural gas are a ‘promising solution’ that could help ease the shift to green steel, according to an analyst at a leading climate think tank.

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Gold Standard adds new activity module to its soil organic carbon methodology

Published 11:51 on August 15, 2024  /  Last updated at 11:51 on August 15, 2024  / /  Nature-based, Voluntary

Gold Standard has added a new “Managed Pasture Activity Module” to its Soil Organic Carbon methodology, the carbon offset standard announced on Thursday.

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NGOs plot legal challenge to new gas drilling permit in German North Sea

Published 17:36 on August 14, 2024  /  Last updated at 17:36 on August 14, 2024  / /  EMEA

Several NGOs are plotting legal action against a new drilling permit for gas extraction off the coast of Germany, they announced Wednesday.

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Trump return, global recession, climate ‘race to the bottom’ are all ‘plausible’ in the near term -report

Published 15:58 on August 13, 2024  /  Last updated at 16:04 on August 13, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, EU ETS, International

Current geopolitical factors and policy trends mean that there is a plausible risk that progress on tackling climate change could stall or go into reverse, a recent report has warned.

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Demand for cheap offsets by major companies ‘undermines’ climate integrity of voluntary carbon market -report

Published 17:04 on August 12, 2024  /  Last updated at 17:04 on August 12, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Demand for low-quality offsets by major companies is undermining efforts to boost climate integrity in the voluntary carbon market (VCM), according to new research.

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DATA DIVE: CCP-tagged voluntary carbon credits see lift in retirements, defy summer slump

Published 15:12 on August 12, 2024  /  Last updated at 15:12 on August 12, 2024  / /  Americas, Asia Pacific, Data Dive, EMEA, Voluntary

Carbon credits issued under methodologies that have been assessed as adhering to Integrity Council for the Voluntary Carbon Market (ICVCM)’s Core Carbon Principles (CCPs) saw a significant year-on-year lift in retirements in June and July, defying the summer slump seen across the wider market.

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Drax is the UK’s biggest source of carbon despite receiving half a billion in green subsidies -report

Published 00:01 on August 9, 2024  /  Last updated at 12:39 on August 8, 2024  / /  EMEA, UK ETS

Drax – the UK’s largest generator of power from biomass – is by far the country’s largest source of carbon emissions, despite receiving more than half a billion pounds in green subsidies, according to a new report published on Friday.

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DATA DIVE: Carbon markets could scale from small share of climate finance flows with smart policy

Published 14:20 on August 2, 2024  /  Last updated at 14:20 on August 2, 2024  / /  Africa, Climate Talks, Data Dive, EMEA, International, Paris Article 6, Voluntary

Boosting climate funding for developing countries is seen as one of the great challenges to meeting Paris Agreement goals and while carbon markets only contribute a fraction of current total flows, as Carbon Pulse analysis shows, this could change with the right policy approaches.

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Xpansiv aims to launch CORSIA-eligible voluntary carbon spot contract in Q4

Published 14:08 on July 31, 2024  /  Last updated at 14:08 on July 31, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Xpansiv, an environmental markets services provider, is looking to launch a CORSIA-compliant voluntary carbon spot contract in Q4, by which time it expects greater liquidity in the market.

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