Future of EU agriculture report dismisses carbon trading as ‘premature’

Published 14:24 on September 4, 2024  /  Last updated at 14:24 on September 4, 2024  / /  EMEA, EU ETS

The European Commission vowed to “keep reflecting” on ways to make agriculture more sustainable and resilient to climate change, as experts delivered their final report on the future of EU agriculture in Brussels that struck a sceptical tone on carbon trading in the sector.

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EU lawmakers call on China, Saudi Arabia to contribute more to climate finance

Published 14:18 on September 4, 2024  /  Last updated at 14:18 on September 4, 2024  / /  Climate Talks, EMEA, International

Members of the European Parliament on Wednesday ratcheted up pressure on China and oil-rich countries in the Middle East to start contributing more to international climate finance.

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Six companies bid to develop CO2 storage in Norway’s North Sea

Published 14:11 on September 4, 2024  /  Last updated at 14:11 on September 4, 2024  / /  EMEA

Six companies, both international and domestic, have applied to the Norwegian government to develop CO2 storage in the North Sea, after Oslo identified three areas in the Norwegian continental shelf.

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England’s nature farming budget to be cut by £100 mln, article says

Published 13:57 on September 4, 2024  /  Last updated at 14:00 on September 4, 2024  / /  Biodiversity, EMEA

England’s government plans to reduce its budget for environmentally sustainable farming by £100 million, according to an article published on Tuesday, in a move that has been slammed by onlookers.

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Data centres to emit billions through 2030, drive carbon removal demand, say analysts

Published 13:44 on September 4, 2024  /  Last updated at 13:44 on September 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

A surge in data centre use will produce an estimated 2.5 billion tonnes of CO2-equivalent per year by 2030, according to research seen by Carbon Pulse, which in turn will drive strong growth in demand for carbon removals.

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UPDATE – Carbon data dashboard’s new strategy aims to boost coverage, support Article 6

Published 11:46 on September 4, 2024  /  Last updated at 16:36 on September 4, 2024  / /  Americas, Asia Pacific, Bavardage, EMEA, International, Other APAC, Paris Article 6, Voluntary

A blockchain-based metadata platform has set out a new strategic roadmap that aims to increase its data coverage, pilot new ways to ensure transparency and integrity, and help to operationalise Article 6 of the Paris Agreement, among other goals, it announced on Wednesday.

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BNP Paribas venture fund raises €150 mln to invest in nature, climate tech startups

Published 11:27 on September 4, 2024  /  Last updated at 11:27 on September 4, 2024  / /  Americas, Biodiversity, EMEA, International

A venture fund managed by BNP Paribas Asset Management has raised €150 million to be invested in nature and climate startups across Europe and North America, it announced Tuesday.

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Accounting for Nature, University of Oxford partner to enhance biodiversity measurement

Published 10:52 on September 4, 2024  /  Last updated at 10:52 on September 4, 2024  / /  Asia Pacific, Australia, Biodiversity, EMEA, International

Accounting for Nature (AFN) and the University of Oxford have launched a research collaboration to expand nature monitoring globally, with a particular focus on the UK and European contexts.

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Korean securities firm secures partnership for international mitigation projects

Published 08:15 on September 4, 2024  /  Last updated at 08:15 on September 4, 2024  / /  Africa, Asia Pacific, EMEA, South Korea, Voluntary

One of the largest securities firms in South Korea has decided to pursue international emissions reduction projects through a newly established partnership, it announced Wednesday.

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US business group gives advice to EU on CCUS, hydrogen deployment

Published 07:00 on September 4, 2024  /  Last updated at 01:02 on September 2, 2024  / /  Americas, EMEA, EU ETS

Carbon capture, utilisation, and storage (CCUS) and hydrogen technologies have a critical role to play in achieving the EU’s decarbonisation targets, particularly for hard-to-abate sectors, said the American Chamber of Commerce to the European Union in recommendations to the bloc’s policymakers on how to accelerate deployment.

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