CWNYC24: Voluntary carbon integrity body teams up with pan-African initiative to scale market access
The Africa Carbon Markets Initiative (ACMI) has partnered with a voluntary market integrity organisation to support governments on the continent build regulation to access much-needed carbon finance.
Read MoreEU’s carbon removal certification paves way for ‘climate positive buildings’
The European Union seeks to encourage carbon storage in wood-based construction products to pave the way for “climate positive buildings”, as the regulators are developing a methodology for measuring CO2 embodied in building materials.
Read MoreEuro Markets: EUAs jump 2% on late surge driven by options expiry, gas
European carbon permit prices climbed over 2% due to an afternoon rally on Wednesday, with TTF gas strength and the September options expiry deadline dominating sentiment, while investment funds’ net short positions also built for the fourth consecutive week.
Read MoreGlobal plans for CCS not enough to meet Paris Agreement target, finds report
Global carbon capture and storage (CCS) deployment will likely be too limited and slow for the world to meet the 1.5C warming target of the Paris Agreement, a report finds.
Read More67 countries commit to ending plastic pollution by 2040 before final negotiations
Ministers from 67 countries including the UK, Japan, and Canada have reaffirmed commitments to finalise a legally binding global treaty aimed at ending plastic pollution by 2040, before the final negotiations take place, in a statement published on Wednesday.
Read MoreUK government, Dutch bank commit $55 mln to Latin American reforestation strategy
The UK government and FMO, the Dutch entrepreneurial development bank, announced this week a $55 million commitment to reforestation efforts in Latin America, including in the Cerrado biome, one of Brazil’s most biodiverse ecosystems.
Read MoreUS consulting firm to launch nature credit pilot in Indonesia
US-headquartered infrastructure consulting firm AECOM has launched a forest restoration project in Indonesia, with plans to pilot nature credits, Carbon Pulse has learned.
Read MoreAustralia Market Roundup: ACCU Scheme ‘finely balanced’ as regulator issues 740,000 units
The Australian Carbon Credit Unit (ACCU) Scheme is faced with a plethora of supply, demand, and policy risks that are leading the scheme to be “finely balanced”, according to analysis shared with Carbon Pulse.
Read MoreMiner signs on for 360 battery-powered mining haul trucks in decarbonisation push
A large Australian iron ore miner with huge decarbonisation and green energy dreams took a step closer to achieving that Wednesday with the signing of a $2.8 billion deal to electrify two-thirds of its haul truck fleet in the north of Western Australia.
Read MoreUPDATE – EU greenlights ETS2 scope extension in Netherlands, Austria
The European Commission gave its green light Tuesday evening to a proposal by the Netherlands and Austria to unilaterally extend the scope of their Emissions Trading Scheme for heating and transport fuels (ETS2) to vehicles used in agriculture, as well as railways, and – in the case of Austria – small business jets and recreational flights.
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