FEATURE: Peru’s REDD+ overhaul in doubt as Verra-linked reforms face backlash
Peru is promoting initiatives to crack down on over-crediting and protect the reputation of Amazonian carbon credits, but industry pushback to reforms linked to Verra, and falling issuances, raise questions about how feasible the voluntary carbon market (VCM) overhaul is in practice.
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 MoreFEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
Read MoreFEATURE: Europe accused of hijacking int’l carbon markets with removal certification
With its certification for emissions’ removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.
Read MoreFEATURE: Exchanges, futures traders, regulators divided over how to make voluntary carbon prices transparent
The prospect of public pricing in the voluntary carbon market (VCM), potentially spurred by looming disclosure requirements, is provoking a range of reactions from market participants hinging on appetite for regulation, favourability toward transparency, and financial stake, experts have told Carbon Pulse.
Read MoreFEATURE: Scientists tackle seagrass decline with probiotics to enhance resilience and build credit projects
Researchers are developing probiotics to improve the root structure of seagrass, with potential for large-scale, credit-generating restoration projects in Saudi Arabia and Kenya.
Read MoreFEATURE: Italy’s close ties to fossil fuel producer Eni jeopardise the country’s status as a climate leader
The Italian government’s close relationship with partly state-owned fossil fuel producer Eni complicates Italy’s plan to become carbon neutral by 2050 and threatens its reputation as a credible climate leader.
Read MoreFEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval
Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.
Read MoreFEATURE: EU set to clamp down on methane, but some worry coal emissions will slip through
The European Parliament is set to approve a widely welcomed law this week designed to reduce potent methane emissions from the EU’s energy sector — although some worry it doesn’t go far enough to plug pollution from vast abandoned coal mines.Â
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