Maritime compliance firm raises €5 mln to expand EU ETS solutions

Published 10:36 on September 3, 2024  /  Last updated at 10:38 on September 3, 2024  / /  EMEA, EU ETS, International, Shipping

A provider of emissions data and compliance management solutions for the maritime industry has closed a €5 million Series A financing round, according to a press release.

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Kenyan wind power project embroiled in land dispute, unable to sell carbon credits -media

Published 10:18 on September 3, 2024  /  Last updated at 10:39 on September 3, 2024  / /  Africa, EMEA, Voluntary

One of the largest renewable energy projects in Kenya, involved in a land dispute with the local community for about a decade, has been unable to trade carbon credits issued from the project, according to a local media source.

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Swedish developer, tech company partner on forestry monitoring for biodiversity credits

Published 09:56 on September 3, 2024  /  Last updated at 09:56 on September 3, 2024  / /  Biodiversity, EMEA

A Swedish biodiversity developer has partnered with an Irish forestry management software company to develop a monitoring tool for biodiversity credit projects in forest landscapes, they said on Tuesday. 

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Veteran carbon analyst leaves LSEG

Published 18:37 on September 2, 2024  /  Last updated at 18:37 on September 2, 2024  / /  Asia Pacific, Bavardage, China, EMEA, EU ETS

A veteran carbon analyst has left LSEG after six years, around 18 months after several colleagues resigned to join a rebranded analytics firm also covering carbon markets.

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Benin project seeks to raise €1.5 mln for cookstoves carbon project

Published 18:08 on September 2, 2024  /  Last updated at 18:08 on September 2, 2024  / /  Africa, EMEA, Voluntary

A clean cooking project in Benin has opened a call for crowdfunding, looking to raise €1.5 million for a cookstoves carbon project in the west African country.

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Global soy standard unveils update to align with new EU deforestation law

Published 17:53 on September 2, 2024  /  Last updated at 17:53 on September 2, 2024  / /  EMEA, Nature-based, Voluntary

A global certifier of sustainable soy and corn production is consulting on an update to its standard that will allow companies to demonstrate that they align with the European Deforestation Regulation (EUDR).

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FEATURE: Lack of clarity on penalties casts doubt over efficacy of CORSIA carbon offsetting scheme

Published 17:37 on September 2, 2024  /  Last updated at 11:31 on September 3, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Voluntary

A lack of clarity on how the CORSIA penalty system will work, and the fact only a handful of countries have started transposing the UN’s international aviation offsetting scheme into their national laws, raises doubts over how the mechanism will be enforced.

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Blue hydrogen necessary step on way to greener fuels, say experts

Published 17:32 on September 2, 2024  /  Last updated at 17:32 on September 2, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

Blue hydrogen, made from natural gas where the CO2 emissions are captured and stored, will be an intermediary step on the path to a wider scale rollout of greener versions made using renewable electricity, said industry experts during a conference Monday.

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Euro Markets: EUAs mark time amid US holiday and weaker energy as auction volumes rise 1.3%

Published 17:09 on September 2, 2024  /  Last updated at 18:45 on September 2, 2024  / /  EMEA, EU ETS, UK ETS

EU carbon allowance prices ended Monday little changed despite slightly reduced selling activity as the US markets were closed, while the bloc began auctioning slightly more allowances each day after the amended schedule for the remainder of the year took effect, and European energy markets corrected lower after sharp rises at the end of last week.

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UK looks to award grants for carbon, biodiversity projects in Amazon

Published 17:03 on September 2, 2024  /  Last updated at 17:03 on September 2, 2024  / /  Americas, EMEA, Nature-based, South & Central, Voluntary

The UK PACT Amazon Regional Fund is branching out to offer grants to support carbon and biodiversity projects in Bolivia, Ecuador, Guyana, and Peru.

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