Big economies lag behind COP28 commitment in renewable energy rollout -report
Many of the big economies need to accelerate wind and solar rollout to meet their COP28 commitments and avoid derailing the Paris Agreement goal to limit global warming to 1.5 C, according to analysis released this week.
Read MoreVerra urged to overhaul investigation process after REDD project loses $30 mln during probe
Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.
Read MoreMore federal cash needed for research before marine CDR can scale in the US, Congress hears
A ramp up in federal funding is needed to boost research and development into the nascent marine carbon dioxide removal (mCDR) industry that will require robust public-private partnerships to scale and become commercial, a congressional committee heard Thursday.
Read MoreUPDATE – ICVCM adopting ‘blunt’ approach to assessing voluntary carbon integrity after ruling out renewables, say analysts
The Integrity Council for the Voluntary Carbon Market (ICVCM)’s recent decision to rule out renewable energy credits from its high integrity CCPs tag reflects a “somewhat blunt approach”, according to analysts.
Read MoreNorthern Lights CCS project creates deal for 330,000 CDR credits
Danish renewable energy company Orsted has secured a deal to sell 330,000 carbon dioxide removal (CDR) credits to Norwegian oil and gas major Equinor over a ten year period for an undisclosed sum, boosting Norway’s Northern Lights carbon capture and storage project for the North Sea.
Read MoreTech firm buys 1.3 mln reforestation credits from Brazil, with option for another 2.6 mln
One of the giants of the tech world has agreed to buy 1.3 million reforestation credits in Brazil, with the option to acquire an extra 2.6 mln units.
Read MoreVCM Report: Signs of life as traders mop up cheap Southern Cardamom carbon credits
Liquidity and some voluntary carbon prices started to edge higher last week in the over-counter-market amid rising chatter of deal talk and corporate orders.
Read MorePlans scrapped for UK’s first ‘net zero’ coal mine that would have relied on carbon credits
Planning approval for the UK’s first deep coal mine in 30 years has been quashed by a court because of unlawful claims the mine would be ‘net zero’ and have no impact on the emissions cuts required under the country’s Climate Change Act.
Read MoreMalawi ITMO carbon credits trade at $10.25, retired the same day
Clean cooking ITMO credits from a project in Malawi were bought on a trading platform this week and retired the same day, underlining demand for the burgeoning sovereign carbon market.
Read MoreGlobal oil demand growth slowing fast, finds IEA
The world is still on track to be awash with oil by the end of the decade after global demand growth decelerated in the first half of 2024 to the lowest rate since 2020, the International Energy Agency (IEA) reported on Thursday.
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