BRIEFING: Scaling carbon markets calls for blockchain-based banking to crowd in large investors -US bank
Clients of a large US bank are keen but struggling to enter the carbon market because they find it too “mystifying” and in need of standardisation through blockchain-based banking, a finance expert said at a conference, adding that this would finally attract the necessary large-scale capital.Â
Read MoreBRIEFING: Canada-Alberta set to weaken carbon pricing timeline for TIER
Canada and Alberta appear to have agreed on a weakened carbon pricing timeline for the oil-producing province’s Technology Innovation and Emissions Reduction (TIER) market, which experts said could disincentivise improvement for the rest of the country’s patchwork of systems.
Read MoreBRIEFING: Reforestation projects need capital, ratings clarity to unlock buyer demand, panellists say
Reforestation projects need earlier capital and clearer ratings signals to unlock buyer demand, panellists said on Wednesday, as companies weigh project quality, risk mitigation, and community benefits following Microsoft’s pause in carbon removal (CDR) purchases.
Read MoreBRIEFING: COP30 presidency advances on roadmap to halt deforestation, seeks global contributions
The Brazilian COP30 presidency is pushing forward with the development of a roadmap to halt and reverse deforestation and forest degradation by 2030, with the first consultations starting in New York on Monday on the margins of the 21st Session of the UN Forum on Forests (UNFF21).
Read MoreBRIEFING: Green ‘conditionality’ on ETS revenue spending will be cornerstone of EU carbon market reform, official says
The European Commission will put green conditionality on revenue spending at the heart of the upcoming reform of the EU’s Emissions Trading System (ETS), a senior official has said, as Brussels and member states prepare for a high-stakes political battle over financial support for industrial decarbonisation.
Read MoreBRIEFING: China calls EU carbon border fee “not helpful for developing countries”
China’s ecology and environment vice minister, Li Gao, has called the EU’s Carbon Border Adjustment Mechanism (CBAM) “not correct” and “not helpful for developing countries”, saying it seeks to impose a global carbon price on other nations.
Read MoreBRIEFING: Investors seeking ‘golden credit’ to hedge their bets in fast-evolving carbon markets -expert
Carbon investors are increasingly seeking projects that can supply a “golden credit” with multiple routes to market due to uncertainty about how demand will evolve, according to a ratings agency.
Read MoreBRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
Read MoreBRIEFING: Canadian oil producers, clean energy advocates clash amid missing Canada-Alberta carbon pricing deal
Tensions between Canadian oil sands majors and leading clean energy groups are boiling over as each side battles to be heard before the ink dries on the Canada-Alberta energy deal.
Read MoreBRIEFING: EU mulls new body to centralise purchase of Article 6 credits
The European Commission is considering creating a new body or agency to centralise the purchase of international carbon credits issued under the Paris Agreement and ensure they meet the EU’s extensive quality criteria.
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