Carbon market “co-benefit premiums” could steer finance towards higher-impact nature projects -researchers
Adding “co-benefit premiums” to carbon markets to reward nature-based climate projects that deliver measurable adaptation, biodiversity, and social benefits alongside carbon sequestration, could redirect investment towards higher-impact projects that are currently overlooked.
Read MoreResearchers propose new framework to classify carbon credits by mechanism rather than project type
A group of German researchers has proposed a new framework for classifying carbon offset projects based on the underlying mechanisms by which they reduce or remove greenhouse gases, arguing that existing taxonomies obscure important differences in project quality and accounting approaches while lumping together fundamentally different activities.
Read MoreColombia’s incoming environment minister vows carbon market revival, reversing outgoing government’s measures -media
Colombia’s incoming environment minister has pledged to revive the country’s carbon market by reversing key policies introduced under the outgoing administration, including a cap on the use of carbon credits to offset the national carbon tax and controversial draft regulations governing carbon projects.
Read MoreRich countries overstated “true value” of climate finance to poorer countries in 2024 by ~$100 bln, says non-profit
Wealthy countries inflated the ‘true value’ of climate finance they provided to low- and middle-income countries in 2024 by about $100 billion, with some 65% of the total delivered as loans, many on market terms, according to a non-profit.
Read MoreCalifornia regulator issues largest volume of offsets since March
California regulator ARB made its largest issuance of offsets since March, boosting the total sum of mine methane capture (MMC) offset credits to over 1.4 million, according to data released on Wednesday.
Read MoreMexican state signs agreement to explore jurisdictional ART carbon programme
A Mexican state has signed an agreement to assess the development of a jurisdictional forest carbon programme under the Architecture for REDD+ Transactions (ART) TREES standard covering almost 3 million hectares, it announced this week.
Read MoreEnvironmental NGO files lawsuit against US for failing to designate critical habitat for threatened coastal species
An environmental non-profit is suing the US National Marine Fisheries Service (NMFS) for what it called a failure to protect a critical coastal habitat of a threatened large sea snail.
Read MorePJM power price surge drives RGGI futures to $48
A substantial increase in prices in the power market for US regional transmission operator PJM pushed RGGI Allowance (RGA) futures prices to levels around $48 on Thursday, market participants told Carbon Pulse.
Read MoreScaling CDR alongside emissions cuts could halve 1.5C overshoot, study finds
A climate strategy that scales carbon removal (CDR) alongside rapid emissions cuts could reach net zero CO2 seven years earlier than pathways that prioritise either removals or decarbonisation alone, but would face a major geological storage constraint, according to a recent study.
Read MoreCDR MONTHLY: Market consolidates after SBTi update provides long-term boost
June saw the durable CDR market consolidate as developers digested an announcement from the Science Based Targets initiative’s (SBTi) that will see a demand boost in the long term, as monthly contracted tonnes fell to around 350,000 tonnes in deals.
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