Climate groups pitch carbon CfD model to strengthen Australia’s industrial emissions cuts
Three climate groups have proposed a financial mechanism to support industrial emissions cuts under Australia’s Safeguard Mechanism, citing it could provide the price certainty needed to unlock capital for large‑scale abatement projects.
Read MoreVCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
Read MoreUS platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
Read MoreSB64: BRIEFING – Plans for COP30 presidency’s twin roadmaps spark divergent reactions
The Brazilian COP30 presidency’s deforestation roadmap, presented in an early form on Monday, has been well received by a coalition of the willing, while the endeavour to draft a fossil fuel transition plan has sparked some backlash, Carbon Pulse heard in Bonn.
Read MoreUPDATE- New Zealand allowance auction declines again
New Zealand’s second government-held auction for the year failed to clear on Tuesday, in line with market expectations.Â
Read MoreFinancial organisations join forces to scale carbon, nature investments
Two UK-based investment advisory and management firms have merged to accelerate investment in large-scale nature restoration projects across the Global South, they said on Tuesday.
Read MoreSB64: BRIEFING – Parties sidestep conflict as implementation concerns prevail
Day one of the Bonn intersessional (SB64) UN climate summit saw parties avoid major disputes over the agenda and resist the urge to reopen old negotiations, refocusing on implementation – though the COP31 co-presidents appeared to skate around transition away from fossil fuels.
Read MoreClimate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
Read MoreCarbon insurance market set for explosive growth, finds report
Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.
Read MoreFEATURE: Dimming the sun could soon be a topic for COP, but experts urge caution amid “rogue implementation” risks
Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement’s 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say.
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