LATAM Roundup: State-backed institutions assist the voluntary carbon market
Latin America is creating opportunities for carbon project developers to generate credits, access finance, and commercialise issuances, developing national carbon markets, Carbon Pulse reported last week – although Global North funds retain their key role in the market, for now.
Read MoreEPP not pushing to give free EU ETS allowances to power sector, key lawmaker says
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.
Read MoreGap between Pacific finance needs and availability threatens NDC viability -analysis
Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.
Read MoreSingapore, Indonesia close to Article 6 agreement -media
Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.
Read MoreAustralian aviation company raises A$28 mln to scale drag-reducing tech
An Australian venture capital fund announced Tuesday it had successfully raised A$28 mln ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.
Read MoreInternational climate diplomacy should evolve to distinguish institutional, implementation processes -report
A recent report by a German non-profit suggested a two-tiered approach to multilateralism in international climate diplomacy, more distinctly distinguishing between institutional and implementation efforts, offers the most realistic path for turning talk into action.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreEU vote on CBAM carbon price deduction rules delayed
EU member states did not vote last week on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, even though a decision had been scheduled.
Read MoreMost eligible CDM projects on course to miss out on Article 6 transition as deadline looms
The vast majority of carbon projects developed under the Kyoto Protocol’s Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.
Read MoreSingapore Airlines sees climate compliance costs as high as $155 mln
Singapore Airlines said climate‑related compliance costs were financially material, with exposure projected at between SGD 50-200 million ($38-155 mln), and high risk impacts above that.
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