BRIEFING: Brussels looking beyond EU ETS integration to finance carbon removals

Published 16:36 on October 17, 2024  /  Last updated at 16:36 on October 17, 2024  / /  EMEA, EU ETS

The European Commission is looking at all options to incentivise carbon removals, not just their potential integration in the EU’s Emissions Trading Scheme (EU ETS), a senior EU official has said.

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BRIEFING: England needs land use framework to determine best intersection of farming and nature

Published 16:30 on October 17, 2024  /  Last updated at 16:30 on October 17, 2024  / /  Biodiversity, EMEA

England desperately needs a land use framework to best determine how land should be apportioned for the many competing priorities of farming, nature, carbon, energy, and housing, industry experts said on Thursday.

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Non-profit to launch 300k marine biodiversity credits at COP16

Published 16:21 on October 17, 2024  /  Last updated at 19:20 on October 17, 2024  / /  Africa, Biodiversity, EMEA

Non-profit SeaTrees is preparing to release 300,000 voluntary marine biodiversity credits for sale at UN biodiversity conference COP16 from a Kenyan initiative, Carbon Pulse has learned.

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Verra cancels 5 mln over-issued credits from CQC projects following investigation

Published 15:22 on October 17, 2024  /  Last updated at 00:53 on October 18, 2024  / and /  Africa, Americas, Asia Pacific, EMEA, Other APAC, Voluntary

Verra has cancelled over 5 million voluntary carbon credits issued to C-Quest Capital (CQC) projects following an investigation launched back in June, also in the wake of charges of fraud by US authorities on former executives at the company.

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Portugal launches tender for development of voluntary carbon registry

Published 15:05 on October 17, 2024  /  Last updated at 15:05 on October 17, 2024  / /  EMEA, Nature-based, Voluntary

Portugal’s energy agency has announced this week a public tender to find a company to develop its voluntary carbon market registration platform.

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Rating agencies could help to scale Article 6 market, says expert

Published 14:48 on October 17, 2024  /  Last updated at 14:48 on October 17, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6, Voluntary

Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.

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Investment manager ranks countries by nature risks

Published 14:38 on October 17, 2024  /  Last updated at 14:38 on October 17, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA

UK-based investment manager Ninety One has launched the Sovereign Biodiversity Index to help investors assess national-level nature risks.

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More than 190k new marine protected areas needed globally to reach 30×30 target, pre-print study says

Published 14:00 on October 17, 2024  /  Last updated at 14:38 on October 16, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA

Over 190,000 new marine protected areas (MPAs) must be established if the world is to meet the 30×30 marine protection target under the Global Biodiversity Framework (GBF), equivalent to 85 MPAs created every day until 2030, according to a study published Thursday.

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Cote d’Ivoire forms office to expedite carbon market regulations

Published 13:57 on October 17, 2024  /  Last updated at 13:57 on October 17, 2024  / /  Africa, EMEA, Nature-based, Voluntary

The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.

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UN climate chief urges World Bank, IMF to step up efforts on climate finance

Published 13:10 on October 17, 2024  /  Last updated at 15:58 on October 17, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International

The United Nations climate chief is calling on the International Monetary Fund (IMF) and World Bank to take bigger steps to shore up climate finance and alleviate debt for developing countries during their annual autumn meetings next week.

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