‘Shortcomings’ in EU’s CRCF could lead to overestimated credits, report says
Flaws in baseline assumptions and inadequate long-term monitoring could lead to overestimated carbon credits under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, previously known as the Carbon Removal Certification Framework, according to new research.
Read MoreNew Forests plans to expand African biodiversity credit preparations
Global forest investor and management firm New Forests is preparing to expand its biodiversity credit baselining work in Sub-Saharan Africa, according to a company executive.
Read MorePipeline of low-emission hydrogen projects at risk, warns the IEA
Expectations of a low-emission hydrogen boom by the end of the decade could be dashed because a “significant part of the project pipeline” faces delays and cancellations, warns the International Energy Agency (IEA).
Read MoreStudy flags shortfalls in compensation for lost protected areas
Existing gaps in compensation for lost or downgraded protected areas (PAs) threaten to hamper the achievement of global biodiversity targets, according to a recent paper.
Read MoreUS de-extinction firm raises $50 mln to launch wildlife protection nonprofit
A US-based biotechnology and genetic engineering firm has secured $50 million to launch a foundation with the aim of driving innovation in species protection, it announced Tuesday.
Read MoreKorean companies to launch N2O project in Egypt, target nitric production
A South Korea-based project developer and a chemical company have teamed up to pursue an N2O project in Egypt in a bid to generate Article 6 carbon credits from reducing emissions associated with nitric production.
Read MoreEU’s upcoming Clean Industrial Deal starts to take shape
Due to be unveiled within 100 days after the new European Commission takes office, the Clean Industrial Deal will focus on five key priorities, and put energy-intensive industries like steel and chemicals in the spotlight, a senior EU official has said.
Read MoreVerra’s review process of Southern Cardamom REDD+ project raises independence, structural concerns, says human rights group
Verra’s review of the Southern Cardamom REDD+ (SCRP) project that led to its suspension being lifted relied heavily on the findings and claims made by its proponent, raising questions about its independence and presenting structural issues in the standard’s environmental and social requirements, according to the human rights group that investigated the activity.
Read MoreINTERVIEW: Australian companies can gain competitive advantage by thoroughly reporting against new mandatory climate requirements
Australian companies are likely to ensure their climate-related reporting is as rigorous as possible as a way to stand out from their competitors, with the new requirements to act as a tailwind for carbon and renewable energy certificate markets, an executive at a market infrastructure provider told Carbon Pulse.
Read MoreARB drops second LCFS 15-day notice near midnight Eastern to minimise market impact
California regulator ARB slipped a second 15-day package late into the night Tuesday with updates to its Low Carbon Fuel Standard (LCFS) that included an additional feedstock under the contentious crop-based cap, sustainability attestation, and stretched crediting periods for some avoided biomethane projects, among other changes.
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