SB64: Kenya sets 10-mln ITMO cap for Article 6 transfers through 2030 -official
Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.
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 MoreMajor insurers back LNG expansion in marine biodiversity hotspot
Most of the world’s biggest insurers have refused to rule out support for the expansion of liquefied natural gas (LNG) infrastructure in the Coral Triangle, despite evidence of the threat it poses to marine biodiversity, according to a new report.
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 MoreCarbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Read MoreUK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
Read MoreKey Parliament lawmaker seeks broad majority behind EU ETS reform
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left.
Read MoreEuro Markets: EUAs shrug off early weakness to end day flat, UKAs consolidate
European carbon prices recovered to end the day flat on Monday, after trading started with bearish pressure, following on from last week’s selloff, with some sources noting that EUAs appeared to be drifting back again towards €75, which has acted like a magnet for much of the last two months.
Read MoreUN Third World Ocean Assessment sees deepening ocean crisis
A UN-led report released on Monday provided an updated assessment of the state of the world’s oceans and the factors driving changes across marine ecosystems.
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.
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