VCM Report: Market ticks along amid cookstoves, US political uncertainty
Indecision and uncertainty continued to plague the voluntary carbon market after news broke that the Integrity Council for the Voluntary Carbon Market (ICVCM) may not decide on which cookstoves methodologies will qualify for the Core Carbon Principles (CCP) quality label until the end of March, while participants continued to digest the possible impact of US President Donald Trump’s withdrawal from the Paris Agreement.
Read MoreINTERVIEW: Offsets should only be allowed for unavoidable emissions, says EU Parliament speaker on Green Claims Directive
The lead European Parliament negotiator on the EU’s Green Claims Directive told Carbon Pulse she will push for climate neutrality claims based on carbon offsets to be allowed only for leading companies that need to tackle their “residual emissions” during final talks on the directive due to kick off this week.
Read MoreEuro Markets: EUAs drop in sync with gas, equities as bears try to correct ‘over-stretched’ market
European carbon prices began the week with a move lower as bearish traders sought to impose their views but ran into stubborn defence at technical levels, while natural gas eased back as the supply outlook improved even as EU storage levels fell to around 15% below the same time last year.
Read MoreINTERVIEW: Mid-year ocean conferences to mark turning point for High Seas Treaty
Several countries are on track to announce the ratification of the UN High Seas Treaty at two major ocean conferences in mid-2025, paving the way for the hard-fought agreement to come into force nearly two years after it opened for signature, a senior member at a large philanthropic organisation told Carbon Pulse.
Read MoreEU seeks views on draft Net-Zero Industry Act secondary bills
The European Commission has opened public consultations on four draft pieces of secondary legislation under the EU’s Net-Zero Industry Act (NZIA), a regulation adopted last year that sets aspiring targets for the production of “strategically important” clean technologies in the bloc.
Read MoreNigeria must bring in carbon market regulations soon to attract investment -experts
The government of Nigeria must legalise carbon market regulations soon in order to boost investor confidence and promote participation, according to experts at a recent stakeholders’ consultation.
Read MoreUK investor raises additional £27 mln for nature-based solutions, BNG projects
A London-based investor announced Monday it has raised an additional £27 million ($33.7 mln) to advance investments in nature-based solutions and biodiversity net gain (BNG) projects across the UK.
Read MoreFrench research institute launches deforestation mapping tool for carbon credits in Global South
A France-based agronomic research agency has introduced a free software tool to help countries in the Global South map deforestation risks and meet REDD+ carbon credit certification requirements.
Read MoreStockholm Exergi wins €1.7 bln Swedish BECCS auction
Stockholm Exergi will receive over SEK 20 billion (€1.74 bln) from a reverse government auction for its Stockholm biomass co-generation plant, which aims to become the EU’s first running on bioenergy with carbon capture and storage (BECCS), the company announced on Monday.
Read MoreEXCLUSIVE: ICVCM now expects CCP decision on cookstove carbon methodologies by end of March
The Integrity Council for the Voluntary Carbon Market (ICVCM) now expects the decision on which cookstove methodologies will qualify for its Core Carbon Principles (CCP) quality label to be published by the end of March, several months after initially planned.
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