Euro Markets: EUAs gain a further 5% on TTF gas surge, technicals
European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.
Read MoreCommonwealth states to launch first-ever joint ocean declaration at upcoming Samoa meeting
Fifty-six member countries of the Commonwealth plan to make a joint declaration on ocean protection during the upcoming association’s meeting in Samoa, the first ever hosted by a Pacific Island nation.
Read MoreMulti-donor initiative pledges $2.5 bln to help Cameroon halt deforestation
A UN-backed multi-donor coalition this week committed $2.5 billion over the next decade to support Cameroon in transitioning away from traditional land-use practices towards deforestation-free production models.
Read MorePREVIEW: High expectations that COP16 can boost demand for biodiversity credits
Scaling the voluntary biodiversity credit market, including through establishing a global framework to ensure integrity, will be among the core topics of discussion at the upcoming COP16 in Colombia, as standards and early movers see the summit as an opportunity to unlock corporate demand.
Read More2040 climate target, role of nuclear on the agenda at EU meeting on COP29
The European Union’s 27 climate and environment ministers are set to adopt their negotiating mandate for the November UN climate summit in Baku, with only two final discussion points on the table, French officials have said.
Read MoreAfrican nature credit buyer’s club to launch with target of ‘millions of dollars’
The BIRA Coalition has announced it is forming a buyer’s club that aims to raise millions of dollars through nature credits generated by large-scale projects in Sub-Saharan African countries, Carbon Pulse has learned.
Read MoreGold Standard seeks carbon project developers to pilot new digital MRV tool
Gold Standard is seeking carbon project developers to test run its new digital measurement, reporting, and verification (dMRV) tool that will automate data collection and help streamline emissions reporting.
Read MoreVerra publishes new cookstoves methodology
Verra replaced its prior cookstoves protocols on Wednesday, retaining the UN approach to calculate emissions reductions from its initial version, but eliminating opportunity for other devices such as ovens, heaters, and dryers, to generate voluntary carbon credits.
Read MoreCFEL24: UK hopes to kickstart removals by bringing them into ETS
The UK’s plan to integrate greenhouse gas removals into its Emissions Trading Scheme (ETS) is designed to boost demand for credits at a time when the UK market faces turbulence and uncertainty, speakers said at Carbon Forward Expo London on Wednesday.
Read MoreCFEL24: No need to panic about end of EU ETS allowances in 2039, says Commission
A European Commission official said there is “no need to panic” about running out of EU ETS allowances in 2039, due to the expansion of the system’s scope to include additional sectors and auctioning of allowances for aviation.
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