FEATURE: Carbon projects with hard currency needs face FX risk
Fluctuations in foreign exchange (FX) markets affect emerging economies engaged in the voluntary carbon market (VCM), and can threaten proponents’ access to finance, even as sustainable development projects continue to rely on outside hard currencies.
Read MoreEuro Markets: EUAs post largest weekly drop in six months despite ending three-day losing streak
European carbon prices snapped a three-day losing streak Friday, though robust morning gains in line with gas and power were rapidly unwound in the afternoon amid strong selling interest, leaving the EU market with its largest weekly loss since the end of February.
Read MoreGermany rejects 215,000 emissions reductions units from eight projects in China
The German Federal Environment Agency (UBA) has rejected 215,000 tonnes of new emissions reduction certificates from eight upstream oil and gas projects in China due to “irregularities”, it announced on Friday.
Read MoreCorporate greenwashing unevenly hits share price of offenders, study finds
Attempts at corporate greenwashing will eventually hurt the financial bottom line of companies in the long run, but offenders are still getting away with it in too many jurisdictions, according to research published this week.
Read MoreAI could expand access to carbon markets for sustainable rice farming, says report
Artificial intelligence (AI) holds the potential to lower barriers to accessing carbon finance for sustainable rice projects, according to a new report.
Read MoreFormer Gabon environment minister beefs up board of CTrees
Lee White, the former environment minister of Gabon in central Africa who was briefly placed under house arrest in August last year amid a miliary coup, has been appointed to the board of directors of CTrees.
Read MorePoland aims for 56% renewables in electricity mix by 2030
Poland will aim for a 56% share of renewable energy in its electricity mix by 2030, according to the climate ministry, who announced a new target was revealed in the draft of the National Energy and Climate Plan (NECP) this week.
Read MoreInvestors should start with materiality when addressing Scope 3 emissions -report
Financiers should adopt a materiality-based approach when addressing the Scope 3 emissions of assets, according to a report published this week.
Read MoreAnalysts propose carbon clearing house to support integration of carbon removals in UK ETS
In response to a recent consultation on integrating carbon removals in the UK ETS, analysts at a non-profit have called for the establishment of an intermediary institution, such as a ‘Carbon Clearing House’, to streamline the market for suppliers and buyers, and to provide greater control over the portfolio and scale of removals being developed in the country.
Read MoreWetland restoration project in Italy to sell biodiversity tokens, two European companies to buy
A wetland restoration project in Italy is set to generate the first batch of tokenised biodiversity credits, with two large European companies ready to buy them, Carbon Pulse has learned.
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