FEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreFragmented carbon credit rules could let developers “shop around” for weaker safeguards, report warns
Divergent rules for managing carbon reversal risks could weaken market integrity and encourage project developers to choose less demanding standards, according to a report released Thursday.
Read MoreFormula 1 cuts carbon footprint 35%, says on track for net zero emissions
Formula 1, the top tier of international motorsport, has reduced its carbon footprint by 35% from its 2018 baseline and remains on track to becoming a net zero sport by 2030, according to its latest sustainability report.
Read MoreWashington cap-and-invest accounts, holdings steady in Q2
The number of participants and holdings in Washington’s cap-and-invest programme increased in Q2, according to a report published Wednesday.
Read MoreNew programme to allocate C$100 mln to accelerate climate tech, agriculture projects
A Canadian venture capital company has launched a new C$100 million ($71 mln) fellowship programme to fund early-stage climate technology projects.
Read MoreNodal posts first trade of California offsets with DEBs
Nodal Exchange posted the first trade in California Carbon Offsets 8 (CCO-8) with direct environmental benefits (DEBs) to the state on Tuesday, after launching the futures contract the previous day.
Read MoreTrump administration asks court to dismiss lawsuit over AI power supply dispute
The US Department of Justice (DOJ) has asked a federal court to intervene in and dismiss a Clean Air Act (CAA) citizen suit against xAI, arguing that the case threatens AI, energy, and national security interests and that federal enforcers can block private actions they choose not to pursue.
Read MoreStudy maps global emissions to asset owners, finds sharp carbon inequality
Emissions linked to privately owned assets are highly concentrated among the world’s wealthiest individuals, found an analysis published this week, highlighting what researchers described as a blind spot in climate policy.
Read MoreSB64: BRIEFING – PACM influence on carbon markets extends far beyond Article 6.4, experts say
The Paris Agreement Crediting Mechanism (PACM), a UN-regulated carbon market grounded in Article 6.4 rules, is guiding national frameworks, voluntary market (VCM) standards, and even other UN schemes, experts and country delegates said on the sidelines of climate talks in Bonn.
Read MoreInternational finance lobby group urges EU to broaden recognition of carbon credits under CBAM
A major international financial markets lobby group has urged the European Commission to ensure that carbon prices paid in third countries under the EU’s Carbon Border Adjustment Mechanism (CBAM) encompass all recognised compliance instruments, including domestic and international credits, warning that proposed restrictions could undermine the bloc’s objective of preventing double carbon pricing.
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