Carbon developer group elects Latin America specialist to leadership role
An international carbon project developer association has elected a Brazil-based project specialist as co-vice chair, adding Latin American experience to its leadership as it seeks to influence international carbon market rules.
Read MoreLCAW26: BRIEFING – AI surges to top concern in efforts to stem climate change
AI is the new bugbear for efforts to tackle climate change, fuelling concerns about its surging demand for energy, water, and land – despite the potential benefits it can bring, according to experts.
Read MoreBrazilian carbon project developer names new co-CEOs as it eyes expansion
A Sao Paulo-based carbon credit project developer announced on Monday it has appointed two new co-CEOs, as the company looks to grow its project pipeline.
Read MoreFEATURE: Colombian safeguards draft decree could suffocate existing nature-based carbon projects if enacted, market players say
Provisions on crediting periods and the ownership of carbon credits in a draft decree regulating land-based mitigation activities could place even greater financial strain on an already weakened Colombian carbon market if enacted, stakeholders have told Carbon Pulse.
Read MorePetrobras, BNDES announce winners of 5 mln-carbon credit call
Brazil’s state-controlled oil company Petrobras and national development bank (BNDES) announced on Monday the three winners of the pair’s call for contracting 5 million carbon credits.
Read MoreMass. GWSA current auction clears nearly $10 lower in June, while advance sale sets another record high
The June auction for current vintage allowances under Massachusetts’s Global Warming Solutions Act (GWSA) carbon market cleared roughly one-third lower quarter-on-quarter (QoQ) while the advance sale set a new all-time high settlement, a recently published notice showed.
Read MoreRGGI Market: RGAs move into mid-$40s on lower volumes
RGGI Allowance (RGA) futures continued to climb into the mid-$40s last week on decreased activity before reversing course on Monday as traders said it’s unclear if there’s enough momentum for prices to move beyond current levels.
Read MoreClimate finance won’t meet minimum needs until 2030s as growth rate slows, report warns
Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
Read MoreBrazilian biofuel producer signs 10k carbon credit agreement from BECCS project -media
A Brazilian biofuel producer has signed a deal for 10,000 carbon removal (CDR) credits with a large European commodities merchant from its bioenergy with carbon capture and storage (BECCS) project, media reported.
Read MoreCFTC: Producers continue to cut, investors add CCAs
Producers cut their California Carbon Allowance (CCA) net length, largely via reductions to Auction Clearing Price (ACP) holdings, while investors added exposure to the market, the latest report by the US Commodity Futures Trading Commission (CFTC) showed.
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