VCM Report: Voluntary sector drifts despite landmark carbon markets decision at COP29
COP29 may have given a shot in the arm to future international carbon trade, after countries finally clinched a deal on Article 6, but the voluntary market continued to drift aimlessly over the past week.
Read MoreMexico calls for $24 bln reforestation fund at G20 summit -media
Mexican President Claudia Sheinbaum called for the launch of a global reforestation initiative at the G20 Leaders’ Summit last week that, under her vision, could boast a $24 billion budget.
Read MoreMaryland’s environmental commission considers cap-and-invest for GHG cuts
Maryland’s environmental commission’s recommendations for climate investment mechanisms looks likely to include implementation of an economy-wide cap-and-invest scheme, as the state could risk missing its greenhouse gas (GHG) reduction targets.
Read MoreSupply shortage may drive CORSIA credit prices above $90/t in Phase 2 -report
Airlines will need over 500 million tonnes of CO2-equivalent (MtCO2e) carbon credits to meet Phase 2 CORSIA requirements (2027-35), with prices potentially reaching $91 per tonne, according to a new report released on Monday.
Read MoreINC-5: BRIEFING – Plastic credit market tipped to grow “with or without” UN treaty
Demand for voluntary plastic credits is slated to expand regardless of their inclusion in the UN global plastic treaty under negotiation in Busan, major standard bodies told Carbon Pulse, amid growing concerns from environmental groups over the credibility of the nascent market.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCOP29: Baku closes with frustration over new $300 bln climate finance goal, omission of fossil fuels
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global annual economy-wide target of $1.3 trillion, under a contentious agreement struck early Sunday morning at the close of COP29.
Read MoreCOP29: Countries clinch Article 6 deal in momentous win for international carbon markets
Negotiators from nearly 200 countries have reached a historic agreement on international carbon markets at COP29, in a decision that finally concludes the rules governing the trading and crediting of mitigation outcomes under Article 6 of the Paris Agreement.
Read MoreCompliance entities fall short RGGI permits in Q3 as prices rocketed to records -report
RGGI compliance entities hold a permit shortfall in Q3 from an earlier surplus through the prior quarter, while RGGI credit prices in the secondary market rose to new records, according to the latest market monitor report.
Read MoreMassachusetts finalises CHS reporting requirements for heating fuel suppliers and storage facilities
Massachusetts this week published final GHG reporting requirements for entities to be regulated under the Clean Heat Standard (CHS) with minor changes, but nevertheless extended the registration deadline for enrollment.
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