Energy emissions will peak in 2024, but Paris goals still out of reach -report
Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution – yet global warming will remain on track to shoot past 2C, according to a report on Wednesday.
Read MoreEuro Markets: EUAs jump 4% as funds extend net short to highest since March
European carbon allowances rebounded on Wednesday as they snapped three consecutive loss-making sessions, eyeing key technical levels to the upside even as TTF gas prices continued to correct lower, while investment funds raised their net short position to the highest level since March.
Read MoreUK govt agency finds most ecosystems at higher risk
Almost all the UK’s ecosystem assets are at high or medium-high risk, requiring public and private investment, the government’s nature department said in a report published on Wednesday.
Read MoreINTERVIEW: The key ingredients for selling cookstove credits at $35/t
Realism, ratings, and relationships are the key ingredients to attract investment in the voluntary carbon market, the buyer of cookstove credits at $35 per tonne told Carbon Pulse this week.
Read MoreClimate Impact Partners, Deloitte launch programme to fund UK seagrass restoration
Voluntary carbon market experts Climate Impact Partners and Deloitte launched on Wednesday a programme to unlock financing towards seagrass recovery in the UK, as part of a wider seagrass carbon code currently under development in the country.
Read MoreRenewables ramp up beyond policy plans but won’t hit COP28 target, IEA says
Renewable energy growth will be swift and large but still fall short of the commitment made at COP28 to triple penetration by the end of the decade even as it outpaces nations’ current ambitions, the International Energy Agency (IEA) said Wednesday in a renewables report.
Read MoreCFEL24: Airlines see CORSIA credit supply ‘tipping point’ approaching
The current lack of supply in carbon credits approved under the UN’s CORSIA carbon offsetting scheme could be coming to an end in November when new voluntary carbon standards are expected to be approved under the scheme by the International Civil Aviation Organisation (ICAO), industry officials say.
Read MoreMethane standards-setter announces certification of Europe’s largest LNG terminal
A Colorado-based methane standards-setter has certified Europe’s largest LNG terminal, it announced on Wednesday during the BloombergNEF London Summit.
Read MoreCORRECTION – BRIEFING: Chile welcomes nearly a dozen projects into Article 6 pipeline
Chile has nearly a dozen Article 6.2 projects in various stages of development and is working to develop an official taxonomy of priority project types, Carbon Pulse heard at the Chile Carbon Forum in Santiago on Tuesday.
Read MoreCFEL24: Most VCM participants now seek compliance-eligible projects -ratings agency
Most voluntary carbon market (VCM) investors are now only looking at projects expected to fit within regulated regimes, like CORSIA or Article 6, according to the head of a carbon project ratings agency.
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