Russia needs $25/t carbon price to sprout afforestation, say academics
Russia will need a jurisdictional price of between $20-25 per credit to see significant growth in afforestation, more than double the levy set under the pilot Sakhalin scheme, according to a new academic paper.
Read MoreEU CBAM could cost Northern Ireland up to £200 mln per year -report
The EU’s Carbon Border Adjustment Mechanism (CBAM) may be costly and disruptive for Northern Ireland, requiring payments of up to £200 million a year — unless the bloc and UK decide to link their emissions trading schemes, a new report warned on Wednesday.
Read MoreSwitzerland sets new NDC with 65% emissions reduction, rejects climate fund initiative
Switzerland has approved a new emissions reduction target under the Paris Agreement, which has been criticised for not going far enough and relying too much on international carbon credits, while the government has also rejected a proposed new climate fund.
Read MoreANALYSIS: US withdrawal from Paris Agreement may create Article 6, CORSIA headaches
The impending US withdrawal from the Paris Agreement could influence the supply and demand dynamics under the CORSIA international aviation offsetting scheme, progress towards the launch of the new Paris Agreement Crediting Mechanism (PACM), as well as the 2028 Article 6 review — although widespread uncertainty still clouds the overall outlook under the new Trump administration.
Read MoreKenya finalises €60 mln debt-for-climate swap with Germany, Cape Verde sees extension
Kenya on Tuesday announced the conclusion of a debt-for-climate swap deal that will see the East African country develop more clean geothermal energy capacity, settling a €60 million debt owed to Germany.
Read MoreInitiative publishes voluntary carbon guidance for private market participants
An initiative has published a new guide on the voluntary carbon market (VCM) to help private market participants achieve net zero goals and avoid greenwashing when engaging with the sector.
Read MoreGlobal soy standard launches regenerative incentives project to quantify carbon impact
An international soy certification body on Monday launched a regenerative incentives mechanism to measure the carbon impact of regenerative agriculture, along with its effects on soil health, water quality, and biodiversity.
Read MoreUK clears Heathrow expansion for take-off, promises plans will stick to carbon budgets
The UK government threw its weight behind the controversial expansion of Heathrow Airport on Wednesday, going against recommendations from its independent advisor on how to stick to the country’s legally binding carbon budgets, with any emissions impact to fall within the scope of the country’s carbon market and operators’ CORSIA obligations.
Read MoreWeaker gas influence on carbon, mild industrial recovery expected in Europe -analysts
The alignment of European carbon with natural gas could weaken in 2025, while speculators should support bullish EUA price development, according to an energy markets outlook published on Wednesday.
Read MoreWEF, global consulting firm release guidance on biodiversity credit metrics
The World Economic Forum (WEF) and a global consulting firm have released a paper to help the private sector navigate nature metrics in the emerging biodiversity credit market, while investigating how these align with disclosure frameworks.
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