HSBC reportedly drops plans for voluntary carbon trading desk amid market concerns
HSBC has reportedly scrapped plans to establish a voluntary carbon trading desk, signalling a shift in strategy as the market grapples with slowing demand and concerns about integrity and transparency.
Read MoreAdditional policy and fuel pathway considerations needed to drive US SAF growth -think tank
California and Washington rank as top supporters of sustainable aviation fuel (SAF) investments in the US, but overall growth looks grim absent improved policy frameworks and production pathway considerations, according to a think tank.
Read MoreEU countries back one-year delay to anti-deforestation law, reject Parliament’s amendments
The Council of EU member states on Wednesday approved a proposal to delay the bloc’s controversial anti-deforestation law by one year but did not endorse the European Parliament’s proposed amendments, triggering angry reactions from conservative lawmakers who called the move “irresponsible”.
Read MoreCOP29: Ecuadorian civil society cleaves on carbon markets after presidential veto
One month after Ecuadorian President Daniel Noboa vetoed a bill that would have legalised carbon markets in the country for good, industry and activists are divided, while an energy crisis continues to divert officials’ attention.
Read MoreEarly intervention can halve forest risks if investors look beyond carbon credits -report
Early intervention can mitigate half of risks in forest investments, but stakeholders must look beyond carbon credits and address broader challenges like land rights, community engagement, and governance, according to a new report.
Read MoreBrazil’s lower chamber reapproves landmark national cap-and-trade legislation, sends to President Lula for signing
Brazil’s Chamber of Deputies passed on Tuesday evening landmark legislation to establish a nationwide ETS, as the historic proposal for what would be the largest compliance carbon market in Latin America rolls onwards towards full approval.
Read MoreFrench bank launches sustainable forest fund with carbon data a key focus
A French bank has launched a sustainable forestry fund that will collect in-depth carbon data, saying this will give it a competitive advantage as companies up the value chain prepare to comply with EU reporting obligations.
Read MoreNOAA unveils partnerships to advance ocean CO2 removal research, boost transportation’s climate resilience
The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.
Read MoreBRIEFING: Experts ask Washington to streamline reforestation protocol baselines
Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.
Read MoreStartup shutters carbon credit exchange, shifts focus to climate consultancy tech
A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.
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