Minnesota House passes $190 mln funding for state nature projects
The Minnesota House of Representatives has voted in favour of a bill containing $191 million of finance for projects working to conserve and restore the state’s fish, wildlife, and game.
Read MoreINTERVIEW: UNEP sees Article 6 supply wave building towards 2030
The first meaningful supply of carbon credits traded under the Paris Agreement’s Article 6 mechanism will only emerge closer to 2030, as countries build the accounting and regulatory infrastructure needed to authorise trades, according to two UNEP officials.
Read MoreBRIEFING: Optimism ahead of UN vote on landmark ICJ climate opinion
Environmental campaigners are optimistic that the UN General Assembly will vote on Wednesday to adopt a resolution to endorse last year’s historic International Court of Justice (ICJ) advisory opinion on climate change, which found that states have a legal obligation to cut GHG emissions.
Read MoreUNFCCC pilots Article 6 registries
The UN’s climate secretariat has launched test versions of registries to facilitate the transfer and trade of emissions reduction units under the Article 6 mechanisms, with a view to launching the final systems at the end of the year.
Read MoreBRIEFING: Recent RGA spike “disproportionately” bullish, but prices to ramp up in coming years -analysts
The recent spike in RGGI Allowances (RGA) is “disproportionately bullish” and will ease this year, but the long-term price outlook for the programme is still strong, a pair of analysts said at a webinar co-hosted by Carbon Pulse this week.
Read MoreCFTC: Producers, managed money both pull back in CCAs, RGAs
Both emitters and financial players pulled back in their overall net holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), the latest weekly US Commodity Futures Trading Commission data showed.
Read MoreCalifornia confirms May 28 hearing to consider proposed Cap-and-Invest updates
California regulator ARB published on Friday a notice confirming the May 28 date for a public hearing where proposed updates to the state’s Cap-and-Invest Program will be considered for approval.
Read MoreBRIEFING: Circular economy emerges as a missing link in GBF delivery, specialists say
Speakers from science, civil society, and government argued that circular economy approaches must become central to the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF), warning that biodiversity goals will remain out of reach unless countries address the economic systems driving ecosystem degradation.
Read MoreUPDATE- Canada-Alberta undercut existing federal benchmark with TIER C$140/t headline carbon price
Canada and Alberta have set a headline carbon price of C$140 per tonne by 2040 for the oil-producing province’s Technology Innovation and Emissions Reduction Regulation (TIER) market.
Read MoreFirst real-world olivine marine CDR trial reports no adverse ecological impacts
Researchers have published what they describe as the first field-based evidence that deploying olivine sand for marine CO2 removal caused no detectable adverse effects on ocean ecosystems, potentially bolstering confidence in alkalinity enhancement pathways that have faced persistent environmental scrutiny.
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