Carbon exchange confirms auction of Article 6 credits for next week following clarification of transfer technicalities

Published 15:56 on July 12, 2024  /  Last updated at 15:56 on July 12, 2024  / Roy Manuell /  Africa, EMEA, International, Paris Article 6, Voluntary

The much-delayed auction for carbon credits, eligible for international trade under Article 6, from a Malawi clean cooking project has been confirmed for next week, organisers said Friday, after a clarification letter was published specifying that the initial transfer of the corresponding adjustment will occur upon issuance of the units.

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BP raises fossil fuel demand forecast as energy transition slows

Published 10:57 on July 11, 2024  /  Last updated at 10:57 on July 11, 2024  / Roy Manuell /  Americas, Asia Pacific, EMEA, International

BP has raised its oil and gas demand forecasts in a closely followed annual outlook, though still expects global CO2 emissions to peak over the next few years, with 7 billion tonnes of carbon capture needed by 2050 for the world to hit net zero.

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Amazon becomes latest tech giant to underscore carbon removal focus

Published 16:40 on July 10, 2024  /  Last updated at 16:40 on July 10, 2024  / Roy Manuell /  Americas, Nature-based, US, Voluntary

Amazon has become the latest big tech firm to underline a focus on carbon removals to meet future net zero targets, in an annual sustainability report published Wednesday.

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Voluntary carbon removals standard announces new biomass protocol

Published 15:09 on July 10, 2024  /  Last updated at 15:09 on July 10, 2024  / Roy Manuell /  EMEA, Nature-based, Voluntary

A voluntary carbon standard has announced a new subsurface biomass protocol for durable removals, which will now face a public consultation before credits are issued.

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Puro to revise enhanced rock weathering carbon methodology

Published 14:44 on July 10, 2024  /  Last updated at 14:44 on July 10, 2024  / Roy Manuell /  EMEA, Voluntary

Puro.earth, a registry and certification standard for durable carbon removal, will revise its enhanced rock weathering methodology taking into account initial projects’ feedback, it said Wednesday.

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Certifier validates new carbon capture methodology

Published 10:31 on July 10, 2024  /  Last updated at 10:31 on July 10, 2024  / Roy Manuell /  EMEA, Voluntary

A certifier has validated a new methodology for carbon capture and utilisation, developed by a British cleantech startup focused on hard-to-abate sectors.

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Tech giant signs largest direct air capture offtake deal to date

Published 14:45 on July 9, 2024  /  Last updated at 18:00 on July 9, 2024  / Roy Manuell /  Americas, US, Voluntary

A technology company has signed a deal for the largest direct air capture offtake to date, it announced Tuesday.

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European intermediary sells over 3 mln tonnes to corporates, individuals in 2023

Published 11:10 on July 9, 2024  /  Last updated at 11:10 on July 9, 2024  / Roy Manuell /  EMEA, Nature-based, Voluntary

Companies and private individuals took responsibility for 3.34 million tonnes of emissions, sold by an intermediary in the form of climate contribution certificates last year, it said Tuesday.

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Corporate climate group launches transition tool for asset managers

Published 10:32 on July 9, 2024  /  Last updated at 10:32 on July 9, 2024  / Roy Manuell /  Americas, Asia Pacific, EMEA, Voluntary

An independent ESG-focused organisation has launched a new transition analytics tool, designed for asset owners and managers to better manage climate risk, engage their portfolio companies, and meet their varied environmental commitments and reporting requirements. 

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Liberia establishes group to push forward carbon markets regulation, mulls moratorium -media

Published 13:35 on July 5, 2024  /  Last updated at 13:35 on July 5, 2024  / Roy Manuell /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

Liberia has set up an expert group to help the African country move forward on carbon markets legislation, following a government meeting this week, local media reported, with a moratorium on market activity in discussion until a framework has been put in place.

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