Verra cuts project review time sharply in fourth quarter
Verra has slashed the time taken to review projects after streamlining and improving the process with its new risk-based approach that categorises projects into high, medium, or low bands, the standard body said Wednesday.
Read MorePolish PM calls for review of EU Green Deal laws, delay of ETS2
Poland’s prime minister has blamed EU regulations for high energy prices and warned against the planned introduction of a new emission trading system for heating and transport fuels (ETS2) in a speech to the European Parliament on Wednesday.
Read MoreBRIEFING: Article 6 stuck in a ‘chicken and egg’ situation as buyers and sellers wait for the other
Article 6 markets are stuck in a ‘chicken and egg’ situation, with buyers and sellers each waiting for the other to unlock the trade of international carbon credits, according to experts speaking during a webinar on Wednesday.
Read MoreDRC to create huge tropical forest reserve, generate carbon credits
The Democratic Republic of Congo (DRC) will create a protected area the size of France to protect its tropical rainforest, the country announced in Davos Wednesday, which will include raising finance via carbon markets.
Read MoreEuro Markets: EUAs snap winning streak as funds amass largest net long position in almost 3 years
European carbon allowance prices weakened on Wednesday, snapping their record-equalling nine-day winning streak as the market appeared unable to shake off growing bearish sentiment, while the weekly Commitment of Traders data showed investment funds last week amassed their largest net long position in nearly three years.
Read MorePrice nature into the economic system, bank exec urges
Nature needs to be priced into the economic system so its protection can be prioritised, as change is not happening fast enough, an executive at Deutsche Bank has said.
Read MoreEgyptian regulator forms advisory group to VCM supervisory body -media
Egypt has formed an advisory group for the body already tasked with supervising its regulated voluntary carbon market (VCM) model, according to local media.
Read MoreCORSIA-eligible carbon credits snapped up at $21.70 in auction
The first auction for Phase 1 CORSIA-eligible credits saw airlines snap up units at $21.70 per tonne, organising trade body the International Air Transport Association (IATA) confirmed Wednesday.
Read MoreTurkiye’s ruling party to introduce CBAM proposal -media
Turkiye’s governing Justice and Development (AK) Party is preparing to introduce national climate legislation to the Grand National Assembly (TBMM) that would propose establishing a carbon border adjustment mechanism (CBAM) import levy alongside the country’s planned emissions trading system (ETS), according to local media reports.
Read MoreCredit institutions ready for Danish carbon tax on agriculture, central bank says
Danish credit institutions are well-equipped to manage losses arising from the implementation of the country’s new carbon tax on agriculture, according to a report from the country’s central bank.
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