Santa Marta pushes for new legal instrument on fair fossil fuel phaseout
United in the Colombian city of Santa Marta for the first international conference on transitioning away from fossil fuels, governments, scientists, and civil society organisations advocated for strategies they believe can lead the world in reducing reliance on oil, gas, and coal.
Read MoreNewfoundland and Labrador lifts emissions baselines for oil, mining projects -media
Details have emerged of the Canadian province’s decision earlier this year to raise emissions baselines for major oil and mining projects under its industrial carbon pricing system, according to media reports.
Read MoreCDR backer launches RFP to finance projects with $3 mln offtake threshold
A London-based carbon removal specialist has launched a global request for proposals (RFP) to finance high-integrity CO2 removal projects backed by offtake agreements worth at least $3 mln, aiming to channel institutional capital into a constrained but rapidly growing sector.
Read MoreVCM Report: CORSIA futures curb takes shape as REDD carbon prices climb amid shortage
The long-dated CORSIA futures curve took shape last week after a single lot on the Dec-30 contract was bought on the ICE exchange, while lower quality REDD projects continue to climb in value amid a dearth of supply of fresh issuance in the avoided deforestation sector.
Read MoreUS Republican-backed bill moves to reverse clean energy credit rollbacks in OBBBA
A Republican lawmaker has introduced a bill aiming to reverse the termination of several clean energy tax credits under the One Big Beautiful Bill Act (OBBBA), extending or restoring incentives for clean electricity, hydrogen production, and energy-efficient buildings.
Read MoreQuality-tagged carbon credit prices triple year-on-year in Q1 -analysts
The price of carbon credits tagged with the Core Carbon Principles (CCP) label were more than three times as high in the first quarter of 2026 compared to 2025, according to a new report, as market participants point to a growing quality premium.
Read MoreCanadian well-plugging company secures raise from European investors
A methane abatement developer last week announced it has secured C$4.5 million (€2.82 mln) in equity financing from two European strategic investors, with proceeds earmarked for acquisitions and expansion of its operating subsidiary.
Read MoreIMO head calls for consensus on climate framework for shipping
The secretary-general of the UN’s maritime organisation, Arsenio Dominguez, wants to see “constructive and pragmatic exchanges” between countries during this week’s contentious negotiations on a global climate framework, and carbon price, for shipping, he said at the opening on Monday.
Read MoreCOP31 must reclaim the climate narrative to avoid being seen as a non-event, panel hears
Australia must use its new hybrid role of President for Negotiations at the upcoming COP31 to reclaim the climate narrative if it wants to avoid it being a non-event, according to a climate expert event held Monday.
Read MoreWEF launches CDR finance challenge to tackle market bottlenecks
The World Economic Forum has opened applications for a new CO2 removal-focused innovation challenge, seeking early-stage firms working to address persistent financing and market barriers in the nascent sector.
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