Higher emissions and EU carbon prices if no CBAM solution is found for UK power exports to EU -analysts

Published 13:20 on September 6, 2024  /  Last updated at 13:20 on September 6, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS

EU emissions and carbon prices could rise as a result of the bloc’s Carbon Border Adjustment Mechanism (CBAM), causing a reduction in power flows from the UK to the EU, according to scenarios modelled by an energy analytics firm.

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Indian developer signs Ghana deal for Paris-aligned cookstoves carbon project

Published 11:49 on September 6, 2024  /  Last updated at 11:49 on September 6, 2024  / /  Asia Pacific, EMEA, International, Other APAC, Paris Article 6, Voluntary

An Indian developer has partnered with the government of Ghana and a Singapore-based asset management fund for the production and distribution of 1 million improved cookstoves across the African nation over the next five years, the company announced this week.

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Forest biodiversity unit pilot launches in Congo

Published 10:59 on September 6, 2024  /  Last updated at 10:59 on September 6, 2024  / /  Africa, Biodiversity, EMEA

A pilot in the Republic of Congo that aims to generate climate and biodiversity units under the High Integrity Forest Investment Initiative (HIFOR) has been launched by a US-based NGO.

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British govt lobbied to cut biodiversity net gain exemptions

Published 10:25 on September 6, 2024  /  Last updated at 10:25 on September 6, 2024  / /  Biodiversity, EMEA

Eight NGOs and business groups sent a letter to the British government on Thursday asking for the removal of some developer exemptions from the biodiversity net gain (BNG) requirements in England.

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Germany-based forest management firm branches out with new CEO from South Pole

Published 01:05 on September 6, 2024  /  Last updated at 01:05 on September 6, 2024  /  Bavardage, EMEA, Nature-based, Voluntary

A German-based forest management and investment firm has tapped a senior South Pole executive as its new chief executive.

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Three out of four people believe causing environmental damage should be a crime -survey

Published 01:01 on September 6, 2024  /  Last updated at 09:15 on September 5, 2024  / /  Biodiversity, EMEA, International

Nearly three out of four people in G20 countries believe causing environmental damage should be a criminal offence, according to a survey released on Friday.

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Euro Markets: Early resilience crumbles as sellers return and push EUAs to six-week low

Published 17:30 on September 5, 2024  /  Last updated at 17:34 on September 5, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices found support during the morning session, but crumbled on Thursday afternoon amid a resumption in motivated selling, helping to curb gains in power and gas and taking the benchmark EUA contract to a new six-week low late in the session.

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Gold Standard doubles down on engineered carbon removals, consults on activity requirements, reversal risk tool

Published 16:35 on September 5, 2024  /  Last updated at 16:35 on September 5, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

Voluntary carbon certifier Gold Standard has launched new calls for feedback on engineered carbon removal activity requirements as well as a tool for reversal risk calculations for geological storage.

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INTERVIEW: Carbon intensity of renewable fuels increasingly factored into contracts

Published 16:31 on September 5, 2024  /  Last updated at 16:31 on September 5, 2024  / /  Americas, Aviation/CORSIA, EMEA, International, US, Voluntary

The carbon intensity of renewable fuels is being increasingly factored into contracts, with an expectation that the final price may be adjusted depending on the carbon intensity of the actual energy source delivered, according to a commodity software company.

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Carbon ratings agency starts to assess risks around ITMO trading

Published 16:13 on September 5, 2024  /  Last updated at 16:13 on September 5, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6, Voluntary

A carbon credit ratings agency is venturing into the assessment of ITMOs and risks that a country may fail to meet its Paris Agreement goals.

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