Voluntary carbon market “on ice” as valuation fails to build in 2024 -analysts
The voluntary carbon market saw its value remain at around $1.4 billion last year as spot prices slumped 20%, though analysts still forecast the sector could still grow to the tens of billions by the end of the decade.
Read MoreLATAM Roundup: Region looks inward to meet mitigation goals, Colombia releases CO2 tax data
The new year is poised to springboard domestic compliance markets, regulated voluntary markets, and Paris Agreement projects in Latin America and the Caribbean – but sees reluctance to rely on Article 6 to be a main driver of mitigation – as the region builds internal capacity to launch green growth.
Read MoreUS investment firm seeks funding for carbon projects in the Congo Basin
A New York-based investment firm is seeking funding from corporations and individuals to develop REDD+ carbon projects in the Congo Basin, the company has announced.
Read MoreBiochar-enhanced soil could supercharge carbon sequestration, say researchers
Adding biochar to soils could significantly boost their capacity to capture atmospheric CO2, potentially playing a pivotal role in combating climate change, according to a new study.
Read MoreVermont, oil and gas industry wrangle in fossil fuel compensation lawsuits
Vermont remains embroiled in a pair of lawsuits against the fossil fuel industry – a challenge to its climate superfund legislation and the other case involving the state’s pursuit of compensation from oil and gas companies.
Read MoreUS biodiesel, renewable diesel set for prosperous year after 2024 growth
The US is slated to have surpassed 5 billion gallons of biodiesel and renewable diesel (RD) consumption in 2024, and that momentum is expected to carry into 2025 as sectors continue adopting green fuels.
Read MoreUS Treasury finalises hydrogen production tax credit rules
The US Department of Treasury (DOT) and the Internal Revenue Service (IRS) released on Friday final federal guidance on eligibility for income tax credits in the production of hydrogen established by the Inflation Reduction Act (IRA).
Read MoreClimate finance alliance announces CEO-led restructuring
The UN-launched financial alliance announced its restructuring on Friday along with a shift in focus to address barriers to mobilising capital.
Read MoreSeveral countries to use international carbon markets to achieve Paris goals, while others keep options open
A handful of mostly developing countries said they intend to use the Article 6 carbon markets to help finance their Paris Agreement climate plans by 2030 — or are keeping open the option to do so, according to the first round of transparency reports to be submitted to the UN every two years.
Read MoreGlobal efforts to cut HFC-23 emissions are falling short of treaty goals, researchers warn
Global emissions of HFC-23, a potent greenhouse gas used in refrigeration, remain significantly higher than reported levels, researchers warn, raising questions about compliance with international climate agreements.
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