OAE estimates risk missing chemical, biological losses -report
Ocean alkalinity enhancement (OAE) projects could overstate their carbon removal (CDR) impact unless they account for a wider range of chemical, physical, and biological processes that can reduce CO2 uptake, according to a report.
Read MoreCOMMENT: Look Beyond Binaries for Climate Progress
Echoing A Tale of Two Cities, today’s climate transition is marked by both unprecedented progress and mounting headwinds, and overcoming false binaries will be critical to unlocking the capital and action needed at scale.
Read MoreICVCM approves Qatar-based standard body for CCP label
A fresh wave of quality-marked credits could soon flood the market after the Integrity Council for the Voluntary Carbon Market (ICVCM) awarded Core Carbon Principle (CCP) status to another standard body, approved a new methodology for the badge, and said two other methodologies could meet its high integrity status with tweaks, while failing two more.
Read MoreCFTC: Producers continue to add, speculators drop RGAs
Producers continued to pick up and managed money continued to drop RGGI Allowance (RGA) net holdings while both groups trimmed their length in California Carbon Allowances (CCAs), the latest US Commodity Futures Trading Commission (CFTC) data showed.
Read MoreNew York lawmakers strike budget deal to see GHG regulations postponed until 2028
New York lawmakers have reached a tentative deal in lengthy budget talks that includes a postponement in issuing regulations that would meet the state’s GHG goal until 2028, and the establishment of a new interim 2040 target.
Read MoreClimate Litigation Roundup: Deception claims survive US federal challenges as VCM legal risks come into focus
The past month in climate litigation saw US courts preserve state-law deception claims against fossil fuel companies while pushing back on federal attempts to block them, the Dutch government move to appeal a ruling on climate duties for Bonaire, and fresh questions emerge about legal accountability in the voluntary carbon market (VCM).
Read MoreBRIEFING: China calls EU carbon border fee “not helpful for developing countries”
China’s ecology and environment vice minister, Li Gao, has called the EU’s Carbon Border Adjustment Mechanism (CBAM) “not correct” and “not helpful for developing countries”, saying it seeks to impose a global carbon price on other nations.
Read MoreHawaii clean fuel standard bill heads to governor’s office after legislative approval
Hawaii lawmakers have approved a bill to create a clean fuel standard that would require the state to cut the carbon intensity of transportation fuels by at least 50% below 2019 levels by 2045.
Read MoreRGAs plunge as RGGI asserts commitment to affordability following recent volatility
RGGI Allowance (RGA) futures plunged on Friday more than $7 or 17% to close around $37 after market administrator RGGI Inc. issued a statement asserting its commitment to monitoring the market for affordability and saying “renewed consideration of improvements” may be required following recent volatility in the secondary market.
Read MoreNo response from Chinese developer requested to replace credits, says Verra
Verra is unable to reach a project proponent that was asked to replace credits from four Chinese projects that were found to have fallen foul of the standard body’s regulations, the voluntary carbon standard body told Carbon Pulse this week.
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