Global wave of LNG delayed by at least two years, says IEA amid warning to diversify energy portfolio
The US and Israeli war against Iran has delayed a wave of fresh liquefied natural gas (LNG) production capacity by at least two years, according to the International Energy Agency (IEA).
Read MoreBRIEFING: Countries continue to flesh out details for global carbon price for shipping despite petrostate influence
Those countries working to progress a global climate framework for shipping have this week engaged specifically on how to collect and distribute the revenues generated by a carbon price, despite continued opposition from petrostates and the US.
Read MorePACM clean cooking methodology still needs work, as expert body recommends N2O crediting framework for adoption
The CLEAR methodology for cooking energy transitions remains under review by an expert methodological group working to advance the Paris Agreement Crediting Mechanism (PACM), while a framework covering N2O abatement has been put forward for adoption.
Read MoreWCI Markets: CCAs remain flat sub-$30 amid limbo
California Carbon Allowance (CCA) futures remained relatively flat below the $30 mark over the last week as the market continues to await further clarity in programme rulemaking.
Read MoreVerra introduces updated methodology for grid-connected renewable energy
Standard body Verra has released a revised methodology for grid-connected renewable electricity generation under its Verified Carbon Standard (VCS), marking a significant overhaul of the legacy Clean Development Mechanism (CDM) approach.
Read MoreCarbon pricing design to determine Canada-Alberta MoU emissions outcome, think tank says
Canada’s emissions trajectory under a proposed federal-provincial memorandum of understanding (MoU) could diverge sharply depending on how industrial carbon pricing is structured, with outcomes varying by more than 80 million tonnes of CO2e by 2050, according to analysis released on Wednesday.
Read MoreNCS seen unlocking billions for Canada, with key role for carbon and ecosystem credits
Carbon markets are essential to improving the financial viability of natural climate solutions (NCS) in Canada, with new analysis finding they can also catalyse the development of biodiversity and other ecosystem credit markets.
Read MoreSouth Korea, UN, GGGI launch initiative to align voluntary market with PACM, spur cross-border transactions
South Korea’s finance ministry, alongside the UNFCCC and the Global Green Growth Institute (GGGI), launched on Wednesday a carbon market initiative aimed at aligning voluntary markets globally with the Paris Agreement Crediting Mechanism (PACM).
Read MoreNet zero pledges narrow gap to 2C pathway but fall short of 1.5C -study
Current net zero pledges could bring global warming closer to a well-below 2C pathway but leave a persistent emissions gap, while limiting temperature rise to 1.5C without overshoot is “increasingly unlikely”, according to a study published Tuesday.
Read MoreCanadian bank purchases 5,000 carbon credits for US rice methane project
One of the largest banks in Canada announced on Thursday the purchase of 5,000 carbon credits over a two-year period from an agriculture project supporting methane reduction in US rice production.
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