New Zealand proposes bringing carbon capture into ETS

Published 10:06 on July 9, 2024  /  Last updated at 10:06 on July 9, 2024  / Stian Reklev /  Asia Pacific, New Zealand

The New Zealand government on Tuesday released a draft framework for carbon capture, utilisation, and storage (CCUS), proposing to bring resulting CO2 reductions or removals into the nation’s emissions trading scheme.

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Denmark rolls out major initiatives to cut agricultural carbon emissions, restore nature

Published 04:57 on June 25, 2024  /  Last updated at 04:57 on June 25, 2024  / Stian Reklev /  Biodiversity, Carbon Taxes, EMEA, International

The Danish government and leading industry, agriculture, and environmental groups have agreed a major strategy to cut carbon from agriculture and restore nature that includes a tax on livestock emissions, conversion of farmlands to forest, and biochar subsidies.

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Australian ministers agree 2030 biodiversity targets, include OECMs in Nature Repair Market

Published 09:00 on June 21, 2024  /  Last updated at 09:00 on June 21, 2024  / Stian Reklev /  Asia Pacific, Australia, Biodiversity

Australian federal and state environment ministers on Friday agreed on an ambition to protect and conserve 30% of land and sea by 2030 and a number of other ambitions that the country will take to the biodiversity COP in Colombia later this year, while also agreeing to include Other Effective land-based Conservation Measures (OECMs) in the Nature Repair Market.

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Chinese province launches forestry-based carbon offset programme

Published 03:57 on June 19, 2024  /  Last updated at 03:57 on June 19, 2024  / Stian Reklev /  Asia Pacific, China, Nature-based, Voluntary

The government of a Chinese province has launched a carbon crediting programme for forestry-related projects, urging local emitters to use it to meet their voluntary emissions targets and as part of the province’s contributions towards realising the country’s overall climate ambitions.

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BRIEFING: Japan wrestles with legal issues ahead of ETS launch

Published 11:59 on June 6, 2024  /  Last updated at 11:59 on June 6, 2024  / Stian Reklev /  Asia Pacific, Japan

A government-appointed working group this week began grappling with legal issues flagged by economy ministry officials as potentially challenging, as Japan begins designing its mandatory emissions trading scheme slated to launch in 2026.

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Swedish biodiversity credit developer revamps methodology, launches five more pilot projects

Published 16:04 on May 30, 2024  /  Last updated at 16:04 on May 30, 2024  / Stian Reklev /  Biodiversity, EMEA

Swedish company Qarlbo Biodiversity has revamped the methodology that saw a local bank last year pick up Europe’s first voluntary biodiversity credits and on Thursday announced five new pilot projects along with plans to invest in projects globally.

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China releases plan to cut CO2 from energy sector

Published 07:33 on May 30, 2024  /  Last updated at 09:09 on May 30, 2024  / Stian Reklev /  Asia Pacific, China

China has released an energy conservation and carbon reduction action plan it says will cut CO2 emissions from energy consumption over the next year by 130 million tonnes.

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Conservation International to enter nature credit market, screen buyers

Published 08:28 on May 24, 2024  /  Last updated at 08:28 on May 24, 2024  / Stian Reklev /  Americas, Biodiversity, International

Conservation International has announced its intention to participate in the nature and biodiversity credit markets, outlining guardrails it will abide to, including refusing to sell units to fossil fuel companies and firms without zero deforestation targets.

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Verra on track to launch nature framework late this year, will pursue stewardship credits

Published 08:56 on May 17, 2024  /  Last updated at 08:56 on May 17, 2024  / Stian Reklev /  Americas, Asia Pacific, Biodiversity, EMEA, International, Nature-based, Voluntary

Crediting standard Verra is on track to launch its nature framework towards the end of the year with a number of adjustments following its recent consultation process, and has decided to go ahead with testing nature stewardship credits or certificates as a separate unit type.

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New Zealand consultation opens for weaker ETS settings, lower carbon price

Published 03:19 on May 15, 2024  /  Last updated at 03:19 on May 15, 2024  / Stian Reklev /  Asia Pacific, New Zealand

New Zealand on Wednesday released its annual consultation on five-yearly settings for its emissions trading scheme, adding options that would lower the NZU price floor at auctions and allow for a ballooned Cost Containment Reserve (CCR).

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