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 MoreFEATURE: New Bulgarian government raises EU climate policy fears, but Russian influence may be limited
Bulgaria’s new government could seek to slow parts of the EU’s climate and energy agenda, following a sweeping election win that raised concerns over Sofia’s future stance on Russia – but the country’s reliance on EU funds may limit the scope for systematic obstruction, experts told Carbon Pulse.
Read MoreANALYSIS: Risk of UK govt collapse casts shadow over EU ETS linkage talks
UK Prime Minister Keir Starmer is facing open revolt following disastrous local elections for his governing Labour Party, and, depending on the timing, a possible exit from government could have implications for linking the British carbon market with the EU Emissions Trading System (ETS), market participants have warned.
Read MoreFEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
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 MoreVCM REPORT: Mangrove carbon credits surge to record high
High-rated mangrove restoration credits surged to record highs last week amid an uptick in demand for quality nature-based units, while the Integrity Council for the Voluntary Carbon Market (ICVCM) said another standard body and another methodology met its Core Carbon Principles (CCP) bar.
Read MoreClimate Litigation Roundup: Deception claims survive US federal challenges as VCM legal risks come into focus
The past month in climate litigation saw US courts preserve state-law deception claims against fossil fuel companies while pushing back on federal attempts to block them, the Dutch government move to appeal a ruling on climate duties for Bonaire, and fresh questions emerge about legal accountability in the voluntary carbon market (VCM).
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.
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