INTERVIEW: Ecuadorian president’s VCM law veto was a “pause”, not a no
President Daniel Noboa only pressed pause on voluntary carbon market (VCM) legislation when he vetoed it last year, according to an Ecuadorian consultant and former official speaking to Carbon Pulse on the sidelines of the Colombia Carbon Forum last week in Bogota.
Read MoreUS House proposal seeks to establish federal registration fees for electric, hybrid vehicles
A US federal transportation budget proposal introduced Tuesday aims to establish new federal registration fees for electric and hybrid vehicles, as well as rescind funding for several environmental programmes created under the Inflation Reduction Act (IRA).
Read MoreUS appeals court stays order blocking non-profit climate funding, sets date for arguments
A US appeals court has temporarily stayed a lower court’s order that would have awarded several climate non-profits access to grant funds that were allocated under the Biden administration but are now being withheld by the US EPA.
Read MoreCalgary CDR developer locks in MRV partner
A Calgary-based carbon removal (CDR) project developer is tapping a Toronto-based digital monitoring, reporting, and verification (MRV) firm for its Saskatchewan bioenergy with carbon capture and storage (BECCS) project.
Read MoreHigh Ambition Coalition launches funding mechanism for biodiversity targets
The High Ambition Coalition for Nature and People (HAC for N&P) on Tuesday launched a financial mechanism to provide small-scale grants aimed at helping developing member countries achieve their “30×30” biodiversity targets.
Read MoreBrazilian project developer secures $30 mln in latest funding
A Sao Paulo-based reforestation carbon removal (CDR) project developer announced Tuesday it has secured $30 million in a Series A funding round.
Read MoreNew BRICS members go all in on fossil fuels with Chinese backing -report
The recently added members of the BRICS bloc are building over 10 times as much coal, oil, and gas capacity as wind and utility-scale solar, according to a report released Tuesday, which found that Chinese finance and construction majors are still backing new fossil projects in these nations.
Read MoreFragmented carbon markets, leakage undermine Paris Agreement targets, say researchers
The path to a global carbon pricing system is fraught with challenges, from market fragmentation to leakage issues, but by fostering regional cooperation and utilising Article 6, countries can bring together disparate mechanisms to make meaningful progress towards Paris Agreement targets, researchers said Tuesday.
Read MoreCanada re-elects Liberals, with new PM Carney to build on decade of climate policy experience
Prime Minister Mark Carney and the Liberals won Monday’s Canadian federal election, in a remarkable reversal of fortune just months after they were projected to lose to the opposition Conservatives by 20-30 percentage points.
Read MoreInvestor commits $40 mln to three nature-based carbon projects
A French investment firm has announced a $40 million investment into three nature-based projects in Latin America and Africa.
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