FII24: Carbon registries urged to integrate AI into methodologies
Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said.
Read MoreFII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO
Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.
Read MoreFII24: Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -minister
Saudi Arabia is looking to launch a national compliance carbon market in the next two to three years, the country’s energy minister revealed on Tuesday.
Read MoreFII24: “Massive” hydrogen company to launch in Saudi Arabia, with Europe a key target market
A ‘massive’ green hydrogen company is set to be launched by Saudi Arabia’s Public Investment Fund, with European industrial companies a key target market.
Read MoreUAE pilot project makes cleaner steel from renewable hydrogen
The United Arab Emirates’ state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.
Read MoreFinancial GHG emissions accounting protocol steps up efforts in MENA region
An industry-led greenhouse gas emissions accounting protocol for financial institutions, used by public sector and civil society decarbonisation standards, is expanding into the Middle East and North Africa, it announced on Wednesday.
Read MoreShare of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report
The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.
Read MoreUp to $41 bln in World Bank climate finance is unaccounted for, Oxfam reveals
Up to $41 billion in World Bank climate finance, almost 40% of the total funds the institution has disbursed over the past seven years, is unaccounted for, according to a new report by Oxfam published on Thursday.
Read MoreINTERVIEW: CORSIA to provide basis for voluntary carbon growth but demand signal may take time
The UN’s international aviation offsetting scheme could provide the foundation for generating strong voluntary carbon trade and lead to much-needed standardisation in the market, but demand may take time to materialise and governments need to step in to send investors a clear signal, according to a carbon exchange CEO.
Read MoreEXCLUSIVE: ACX moves voluntary carbon clearing house to Singapore from UAE
ACX has moved its clearing house to Singapore from Abu Dhabi to better deal with the ‘realities’ of the voluntary carbon market, the exchange operator told Carbon Pulse, as it unveils an updated trading platform.
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