Multilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.
Read MoreCN Markets: CEA trading price remains rangebound, analysts forecast June dip
Trading in the Chinese emissions market remained rangebound this past week amid a lack of policy updates, with analysts projecting the bid price to dip below the RMB 80 ($11.81) threshold in June.
Read MoreICE loses legal battle with environmental markets firm over use of tradename
London’s Intercontinental Exchange (ICE), the world’s largest marketplace for environmental derivatives, has lost a legal tussle this week over its world famous acronym, after a Dutch court ruled that a crypto trading company, owned by an environmental markets firm and using a similar branded registration, did not infringe on the bourse’s trademark.
Read MoreFEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.
Read MoreJapan acquires latest batch of ITMOs from Palau
Japan and Palau have completed their first transaction of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Tokyo-led Joint Crediting Mechanism (JCM), they announced.
Read MoreAustralia backs Indigenous group to acquire NSW stations to restore wetland
The Australian Clean Energy Finance Corporation (CEFC) is supporting the Indigenous Nari Nari Tribal Council in acquiring Juanbung and Boyong Stations in south‑west New South Wales, with funding to restore the Great Cumbung wetland.
Read MoreNZ Market: NZU price tightly rangebound, as another non-event auction looms
New Zealand allowance prices traded tightly this week in the low NZ$50s ($29s), as next week will see another government auction that is unlikely to clear.
Read MoreAustralia risks losing A$100 bln green iron, steel industry without Asia deals -report
A report warned Australia could miss out on a $100 billion ($71.2 bln) green iron and steel industry if the federal government fails to secure demand‑side deals with key trading partners in Asia.
Read MoreAustralia’s NSW commits A$221 mln to nature conservation strategy
The New South Wales state government is investing A$221 million ($157 mln) into what it describes as a new, holistic approach to threatened species conservation, it announced Friday.
Read MoreOil and gas companies call for harmonisation across CCS, engineered CDR standards
An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.
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