CWNYC24: Investors still wary of financing “science projects” in the voluntary carbon market
Institutional investors are wary of financing “science projects” and losing their shirts in a nascent voluntary carbon market (VCM) that has already undergone several transformations, and where the make-or-break risks are still high, experts said during Climate Week NYC on Monday.
Read MoreCWNYC24: Turkish exchange set to offer certified carbon credits in coming weeks
Turkiye’s energy exchange EPIAS has teamed up with an international carbon standard to enable the first exchange-based trading of certified credits on its platform, they announced after signing an agreement in New York on Monday.
Read MoreCWNYC24: Verra’s shift from paper to digital will speed up certifications, says executive
Verra is digitalising its most used methodologies from a largely paper-based system, in an effort to speed up the certification process for project developers while strengthening integrity, the voluntary carbon standard’s chief technology officer said at Climate Week NYC on Monday.
Read MoreEU, US beginning to see eye-to-eye on Article 6 standards, says bloc’s lead negotiator
The US is beginning to cede ground in long-running negotiations over Article 6 of the Paris Agreement, showing flexibility on the EU’s demand for strong minimum standards to govern international carbon markets, the bloc’s chief climate negotiator said on Thursday.
Read MoreCDR credits issuer set to boost monitoring, improve accuracy after fresh finance round
A provider of carbon removals (CDR) credits has completed an oversubscribed Series A funding round, which will help to bolster its monitoring, reporting, and verification (MRV) service, add more CDR technologies, and improve its efficiency and accuracy, it announced on Thursday.
Read MoreFrontier strikes $4.5 mln in pre-purchase deals for carbon removals
The buyers club Frontier has facilitated its fourth round of carbon removal (CDR) pre-purchases, with $4.5 million spent on credits from nine project developers, including first-of-their-kind deals in India and Africa.
Read MoreDomestic carbon removal markets risk missing out on developing world’s potential -experts
The more government policies focus on developing their domestic carbon removals rather than a global market for credits, the less opportunity there will be to tap into the biggest potential in the world – often in developing countries that have less need to cut emissions, according to experts.
Read MorePolish state aid plan approved under EU rules for supporting net zero sectors
The European Commission has approved a €1.2 billion Polish state aid scheme, under the bloc’s recently relaxed subsidy rules, to support investments in sectors producing the equipment needed to transition to net zero emissions, it announced on Tuesday.
Read MoreAzerbaijan to create fossil fuel-financed climate fund at COP29
Azerbaijan is putting climate finance at the centre of its agenda for the COP29 summit in Baku, with a series of initiatives and outcomes aimed at drumming up more public and private money including from fossil fuel-producing countries and companies, it announced on Tuesday.
Read MoreUK places climate action at centre of foreign affairs agenda with clean power alliance
British Foreign Secretary David Lammy will on Tuesday kickstart a global clean power coalition aimed at accelerating the clean energy transition, helping developing countries leapfrog fossil fuels, and turning the UK into a clean energy superpower.
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