Biochar-enhanced soil could supercharge carbon sequestration, say researchers

Published 00:55 on January 4, 2025  /  Last updated at 00:55 on January 4, 2025  /  Americas, Asia Pacific, China, EMEA, Nature-based, Voluntary

Adding biochar to soils could significantly boost their capacity to capture atmospheric CO2, potentially playing a pivotal role in combating climate change, according to a new study.

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China releases two more methodologies ahead of national voluntary carbon market activation

Published 17:28 on January 3, 2025  /  Last updated at 17:28 on January 3, 2025  / /  Asia Pacific, China, Voluntary

China released two new methodologies for its national voluntary carbon market, ahead of an initial issuance of credits to the market that is expected in the coming weeks.

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Several countries to use international carbon markets to achieve Paris goals, while others keep options open

Published 16:32 on January 3, 2025  /  Last updated at 16:32 on January 3, 2025  / , , , , and /  Africa, Americas, Asia Pacific, Australia, Canada, Climate Talks, EMEA, International, Mexico, Other APAC, Switzerland, Voluntary

A handful of mostly developing countries said they intend to use the Article 6 carbon markets to help finance their Paris Agreement climate plans by 2030 — or are keeping open the option to do so, according to the first round of transparency reports to be submitted to the UN every two years.

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Global efforts to cut HFC-23 emissions are falling short of treaty goals, researchers warn

Published 13:55 on January 3, 2025  /  Last updated at 01:16 on January 4, 2025  /  Americas, Asia Pacific, China, EMEA, International, Other APAC

Global emissions of HFC-23, a potent greenhouse gas used in refrigeration, remain significantly higher than reported levels, researchers warn, raising questions about compliance with international climate agreements.

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CN Markets: CEA price continues to drop as bearish sentiment spreads

Published 11:40 on January 3, 2025  /  Last updated at 13:16 on January 3, 2025  / /  Asia Pacific, China

Prices in China’s national emissions market continued to decrease over the past two weeks, with analysts expecting a sustained bearish sentiment in the coming months.

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South Korea may see marked increase in producer prices due to carbon tax -report

Published 09:59 on January 3, 2025  /  Last updated at 09:59 on January 3, 2025  / /  Asia Pacific, South Korea

South Korea is likely to see a marked increase in producer prices if a carbon tax is implemented in the future for its climate goals, but accelerating renewable power output could substantially minimise the cost burden, according to a recent report.

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EU’s CBAM to face legal scrutiny under WTO rules, Japan finmin report portends

Published 09:27 on January 3, 2025  /  Last updated at 01:29 on January 4, 2025  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, Japan

The EU’s recently enacted Carbon Border Adjustment Mechanism (CBAM), designed to prevent carbon leakage and support the bloc’s ambitious climate goals, faces potential legal challenges under World Trade Organization (WTO) rules, according to a new analysis published by Japan’s Ministry of Finance.

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NZ Market: NZU price reaches one-month high in first session of the year

Published 05:44 on January 3, 2025  /  Last updated at 05:44 on January 3, 2025  / /  Asia Pacific, New Zealand

New Zealand Unit (NZU) prices inched up in the market’s first trading session of 2025, when the new auction settings and price controls officially take effect.

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China’s cement industry faces crucial test in decarbonisation push -analysis

Published 05:33 on January 3, 2025  /  Last updated at 01:41 on January 4, 2025  /  Asia Pacific, China

China’s cement industry, a significant contributor to global CO2 emissions, could slash emissions by up to 78% by 2060 with the implementation of advanced technologies and carbon pricing policies, according to a new study.

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Further reforms needed for voluntary carbon markets to help outcome-based finance model hit climate, sustainability goals

Published 02:11 on January 3, 2025  /  Last updated at 02:11 on January 3, 2025  /  Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

Voluntary carbon markets can help mobilise private capital to address climate funding gaps in high-impact sectors, but systemic issues need to urgently be addressed for those markets and the wider outcome-based finance model to realise their full potential, according to a new report.

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