Power-hungry data centres to exceed extra electricity demand from EVs, in boon to removals market
Power-hungry data centres in Europe will need more electricity to feed their expanding memory banks and artificial intelligence functions over the rest of the decade than the growing fleet of electric vehicles, according to new analysis.
Read MoreCOP29: Countries urge global ban on new unabated coal
Some 25 countries, as well as the EU, have urged the rest of the world to stop new unabated coal investment for use in energy systems.
Read MoreINTERVIEW: Game-changing $5 bln deal for Bolivia threatens to disrupt both Article 6 and voluntary market
Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.
Read MoreGold Standard credit issuance data added to Climate Action Data Trust platform
Project and credit data from Gold Standard will be available on the Climate Action Data Trust (CAD) platform by the end of the year, it was announced Tuesday.
Read MoreBiochar developer eyes expansion to 200k carbon credits a year by 2027
A biochar developer expects to issue 200,000 credits a year, certified by Puro.earth, by 2027.
Read MoreVCM Report: Focus on Article 6 at COP risks leaving legacy voluntary sector in the shade
COP29 has been sending mixed signals to the voluntary carbon market, with concerns that the keen focus on Article 6 credits would overshadow the sector in future.
Read MoreCarbon market investment has exploded since 2021, analysts find
Some $42 billion has been spent was spent on the origination and development of 11,752 registered and pre-registered carbon credit projects globally, and about half of this, $22 bln, happened between 2021 and 2023, analysts estimate.
Read MoreCanadian carbon financier boosts Article 6-labelled credit inventory to 1.7 mln
Canada-based Base Carbon has an inventory of more than 1.7 million Article 6-authorised cookstove credits on its balance sheet, the company said in third quarter results.
Read MoreMining giant invests $16 mln into Madagascar REDD project with eye on CCP label
A mining giant has committed $16 million into the Makira Natural Park REDD Project in northern Madagascar that will help the project scale as well as reassess its deforestation baseline under Verra’s VM0048 methodology, which has just been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) as eligible for its stamp of high quality.
Read MoreICVCM approves three REDD carbon crediting methodologies for CCP status
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
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