PREVIEW: Article 6 methodological work underway as focus switches to implementation
The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting.
Read MoreMangrove restoration offers up to 15:1 benefit-cost ratio, researchers estimate
Restoring mangrove forests could generate billions of dollars in economic and climate benefits, with a global benefit-cost ratio (BCR) as high as 15 to 1, according to a new study.
Read MoreCanada faces higher carbon removal burden under equity-driven policy approach -researchers
Canada will need to scale up its CO2 removal (CDR) efforts significantly beyond its current net-zero commitments if it is to meet global climate fairness standards, according to a new analysis.
Read MoreFlorida biochar company files for bankruptcy protection
A Florida-based company specialising in converting green waste into biochar-rich products has filed for Chapter 11 bankruptcy protection, according to court documents.
Read MoreBrazil issues decree for Indigenous, traditional access to public forests
An interministerial decree in Brazil released this week seeks to regularise access to undesignated federal public forests in the Legal Amazon for Indigenous and traditional communities.
Read MoreINTERVIEW: Energy transition payments make fertile ground for carbon pricing
The $5.2 billion Clean Technology Fund (CTF) is helping to sensitise developing country governments to carbon pricing by supporting energy transition finance and programming, according to an executive at the organisation.
Read MoreRepublican state AGs, industry challenge New York’s Climate Superfund Act
A group of 22 Republican state attorneys general (AGs) and industry groups are challenging in federal court New York’s recently signed “Climate Superfund” law that targets fossil fuel firms.
Read MoreCFTC: Compliance slashes RGGI exposure, investors brave CCA price slump
Producers took a drastic haircut to their RGGI Allowance (RGA) long holdings, while investors raised California Carbon Allowance (CCA) net length even as prices faltered over the week, latest figures from the US Commodity Futures Trading Commission (CFTC) showed Friday.
Read MoreBrazilian state signs carbon credits MoU with environmental services firm
A small Brazilian state signed an MoU on Friday with a Sao Paulo-based environmental services firm that entails a carbon project the pair said could be worth more than R$300 million ($51.7 mln).
Read MoreNew US EPA petitions federal courts to pause lawsuits against power plant standards
The newly installed administrator at the US EPA moved the courts to hold all consolidated litigation against former President Joe Biden’s power plant emissions standards for 60 days, buying time for the new administration to review the underlying rule.
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