African nature credit buyer’s club to launch with target of ‘millions of dollars’
The BIRA Coalition has announced it is forming a buyer’s club that aims to raise millions of dollars through nature credits generated by large-scale projects in Sub-Saharan African countries, Carbon Pulse has learned.
Read MoreGold Standard seeks carbon project developers to pilot new digital MRV tool
Gold Standard is seeking carbon project developers to test run its new digital measurement, reporting, and verification (dMRV) tool that will automate data collection and help streamline emissions reporting.
Read MoreVerra publishes new cookstoves methodology
Verra replaced its prior cookstoves protocols on Wednesday, retaining the UN approach to calculate emissions reductions from its initial version, but eliminating opportunity for other devices such as ovens, heaters, and dryers, to generate voluntary carbon credits.
Read MoreCFEL24: UK hopes to kickstart removals by bringing them into ETS
The UK’s plan to integrate greenhouse gas removals into its Emissions Trading Scheme (ETS) is designed to boost demand for credits at a time when the UK market faces turbulence and uncertainty, speakers said at Carbon Forward Expo London on Wednesday.
Read MoreCFEL24: No need to panic about end of EU ETS allowances in 2039, says Commission
A European Commission official said there is “no need to panic” about running out of EU ETS allowances in 2039, due to the expansion of the system’s scope to include additional sectors and auctioning of allowances for aviation.
Read MoreCFEL24: Delayed industrial hedging defers EU carbon price hike, traders say
How and when industrials start hedging allowances on the EU ETS will be key to price dynamics, but that behaviour may be delayed depending on the enforcement of the Carbon Border Adjustment Mechanism (CBAM), according to industry traders who spoke on Wednesday at the Carbon Forward conference in London.
Read MoreCFEL24: Analysts forecast 50-cent rise in fuel prices due to EU ETS2
The price of petrol and diesel is expected to jump on average by €0.50 per litre at the pump across Europe when the EU’s new Emissions Trading Scheme for road transport and heating fuels (ETS2) comes into force, analysts have said.
Read MoreDenmark joins call to impose ‘solidarity levies’ on biggest polluting sectors
Denmark has thrown its weight behind calls for ‘solidarity levies’ to be imposed on sectors like shipping, aviation, and fossil fuel extraction, one month ahead of a UN climate summit that will be focused on agreeing a new global climate finance goal.
Read MoreClimate tech firm launches spin-off for carbon capture and fertiliser production
A Swiss climate technology company has launched a new entity that will take over key projects, such as transforming sulphur into ammonium sulphate fertiliser and developing carbon capture solutions, it announced on Wednesday.
Read MoreGlobal tax on aviation, shipping could raise $200 bln annually by 2035 -IMF
International transportation, especially aviation and shipping, must be “urgently taxed” as that would raise up to $200 billion a year in revenues by 2035, potentially tripling current global climate finance, a paper released by the International Monetary Fund (IMF) has found.
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