Nasdaq launches digital carbon credit tech, signs up removal standard
New York-based exchange provider Nasdaq on Wednesday launched a new technology it said can securely digitalise the issuance, settlement, and custody of carbon credits to pave the way for institutionalising the global emissions market, with its own carbon removal standard the first to sign up.
Read MoreUS airline backs carbon removals startup with production costs under $100/tonne
A US carrier has become the first customer of a carbon dioxide removal (CDR) company that compresses biomass residue, such as timber or farm crops, into dense carbon blocks at relatively low cost.
Read MoreCOP28: PREVIEW – Article 6 negotiations to focus on technicalities of international carbon trade
With the UN body mandated to shape the carbon crediting mechanism under Article 6 of the Paris Agreement having already produced its final recommendations, the focus on markets in negotiations at COP28 will be on finalising technical details relating to the international trade of units, such as determining the rules around national authorisation of transactions, the transparency of reporting, and establishing safeguards for the mechanism.
Read MoreINTERVIEW: Biochar developer raises capital to fund scale-up of commercial facilities
A European-based biochar developer has completed a funding round with capital raised from both existing and new investors, to fund its transition from proof-of-concept to the building of commercial-scale facilities.
Read MoreEmitters and financials shed net holdings across CCAs and RGAs, as WCAs remain short
Compliance entities and speculators shortened their net length of California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings, while Washington Carbon Allowance (WCA) net holdings for both groups remain short, US Commodity Futures Trading Commission (CFTC) data showed Monday.
Read MoreRGGI Market: RGAs drop below Cost Containment Reserve trigger levels on rolling positions
RGGI allowances (RGAs) tied a record settlement price for the benchmark contract this week before sinking significantly as traders rolled their position to next year, with the vast majority of trades being spreads over the past five days.
Read MoreCarbon crediting firm and sustainability certifier partner to increase agri-food supply chain transparency
A US-based carbon crediting startup for farmers and a sustainability certification provider launched a partnership to trace the progress of regenerative agriculture practices in sequestering carbon.
Read MoreCOP28: PREVIEW – The big ticket topics to follow in Dubai
Reforming and scaling climate finance, including moving forward on operationalising a new loss and damage funding mechanism, establishing global renewables targets, and the future of fossil fuels, are likely to be the core topics of discussion at COP28 in Dubai, according to climate experts and other observers, which will also bear witness to the first ever global stocktake (GST) of the Paris Agreement.
Read MoreVCM Report: Carbon credit trade picks up as prices proliferate
Trade picked up in the voluntary carbon market last week as corporates looked to square end-of-year emission books, and some sellers ditched REDD credits at rock bottom prices.
Read MoreXpansiv seeks input on trade in ICVCM-aligned carbon credits
Xpansiv has launched a consultation to support the trading of instruments aligned with the Integrity Council for the Voluntary Carbon Markets’ (ICVCM) Core Carbon Principles (CCP), due to be assigned to the first carbon credits in the opening quarter of 2024, the market platform said Monday.
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