Global shipping carbon price still on the table as countries agree to continue talks on Net-Zero Framework
Despite persistent attempts by some countries this week to dismantle key elements of the Net-Zero Framework (NZF) for global shipping, including removal of a carbon levy and decarbonisation fund, the framework has survived and is set to form the basis of further discussions.
Read MoreArticle 6 momentum growing but 90% of interested parties on sell side, finds UN
Based on the latest NDCs submitted, over 75% of parties have explicitly indicated their intention to participate in Article 6, but only around one-tenth of these are on the demand side, according to a UN presentation.
Read MoreForestry asset manager, environmental data company partner to pilot nature measurement platform
A global forestry investment manager and an environmental consultancy have teamed up to pilot a standardised, large-scale nature measurement platform, they announced.
Read MoreWCI Markets: CCAs stay subdued, WCAs fall to five-month lows following release of APCR, auction guidance
California Carbon Allowances (CCAs) continued to trade flat around around $29 as the market awaits developments on planned programme updates, while Washington Carbon Allowances (WCA) fell to five-month lows after the state published guidance on proposed changes around Allowance Price Containment Reserve (APCR) and auction supply.
Read MoreCanada ocean-based CDR initiative launches in Nova Scotia
A new Canadian organisation has launched to support research, governance, and development of ocean alkalinity enhancement (OAE) and other ocean-based carbon removal (CDR) approaches.
Read MoreData centre demand uncertainty disrupts US grid forecasts, risks complicating decarbonisation -webinar
A surge in data centre-driven electricity demand is exposing gaps in US grid planning, with experts warning on Thursday that flawed load forecasting risks higher costs, delayed clean energy connections, and reliability shortfalls.
Read MoreUS-based NGO launches public consultation on power sector carbon crediting standard draft
A climate-focused non-profit opened a public comment period for its carbon crediting standard focused on emissions reductions within the electric power sector, according to a Thursday announcement.
Read MoreRGAs skyrocket to “completely unprecedented” levels as recent surge roars back Thursday
RGGI Allowance (RGA) futures skyrocketed more than 15% higher Thursday from the previous day’s close, reaching fresh all-time highs around $47 after the programme late on Wednesday confirmed Virginia’s plans for re-entering the market this summer.
Read MoreEnergy investor backs US forestation push with $500 mln financing
A large-scale financing deal will support tree planting on degraded land and scale carbon removal (CDR) efforts in North America, according to a Thursday announcement.
Read MoreGovernance-led approach needed to align forest finance with ecological goals -research
Aligning finance with forest conservation and restoration requires a shift away from short-term, return-driven investment approaches toward frameworks guided by public objectives, a paper has said.
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