Rabobank, Plan Vivo refute Ivorian carbon credit double counting claims
Rabobank and Plan Vivo have pushed back against reporting by investigative journalism outlet Follow the Money (FTM), which revealed that Cote d’Ivoire had asked the Dutch bank to suspend its carbon credit origination activities in the country’s Nawa region over double counting fears.
Read MoreCORSIA credits could be worth over $50/t based on airline demand signals, says offset project financier
Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.
Read MoreBRIEFING: Additional MRV, policy support needed to scale enhanced weathering as a CDR solution, experts warn
Advancing enhanced rock weathering (ERW) as a CO2 removal solution will require addressing MRV challenges and higher policy support, especially in Europe, members of a recently formed industry alliance said Tuesday.
Read MoreUN SG calls on G20 to lead the way on phasing out fossil fuels and increasing finance
G20 countries must lead the way in “dramatically” accelerating the fossil fuels phase-out, providing certainty and predictability to markets, and boosting climate action support for poorer countries, the UN secretary general said in a speech on Tuesday.
Read MoreVoluntary carbon credit issuances outpace retirements in Q1 to further inflate oversupply, weigh on prices -analysts
Despite a historically large number of retirements in the voluntary carbon market in Q1 2024, oversupply continues to balloon amid issuances rising at a faster clip, keeping credit prices at bay, analysts said Tuesday.
Read MoreEuro Markets: EUAs post modest drop as selling activity grows ahead of weekly positions data
European carbon prices fell modestly on Tuesday after earlier rising by as much as 1.4% amid early strength in energy markets, before EUAs and energy prices unwound their gains in the afternoon as traders appeared to be taking a cautious approach ahead of Wednesday’s Commitment of Traders data.
Read MoreNewly approved EU fiscal rules will slow down energy transition, critics say
New fiscal rules approved on Tuesday by the European Parliament will make it even harder for EU member states to invest in green projects, thus slowing down the energy transition and efforts to reduce emissions, according to Greens party lawmakers and environmental groups.
Read MoreFEATURE: EU ETS2 success hinges largely on electric vehicles, analysts say
The EU’s Emissions Trading System for road transport and heating fuels, ETS2, is set to be dominated by the transport sector, with more than half of total emissions coming from cars, trucks, and vans that will rely heavily on electrification to decarbonise, analysts say.
Read MoreFEATURE: Increasing conflicts are a natural consequence of worsening climate change
Climate change is exacerbating many of the conditions that fuel conflict — from drought in the Middle East worsening food insecurity and inflation, to access over strategic resources like lithium and cobalt becoming a key source of tension — amid lagging efforts to curtail emissions.
Read MoreNorthern Ireland launches consultations on marine protected areas, ‘blue carbon’ plans
The government of Northern Ireland has launched consultations on two initiatives aimed at enhancing ocean conservation, as it seeks to strengthen biodiversity monitoring and hasten the restoration of marine and “blue carbon” habitats.
Read More
