Brussels considers extending CBAM downstream to crack down on carbon leakage
The European Commission is looking into extending its Carbon Border Adjustment Mechanism (CBAM) to imports of goods further down the value chain, in a bid to keep downstream manufacturing and processing from leaving the EU.
Read MoreAustralia picks first methodology under Nature Repair Market scheme, opens consultations
The Australian government on Tuesday launched two one-month consultations on the biodiversity assessment instruments and methodology determinations of its Nature Repair Market (NRM) scheme, including eligible lands, activities, and monitoring guidelines.
Read MoreCDC Biodiversite flags biodiversity metric “misconceptions”
Aggregated ecosystem condition metrics remain relevant for measuring the impacts of nature funds despite misunderstandings about their application, French data provider CDC Biodiversite said in a paper on Monday.
Read MoreNew partnership plans to roll out clean energy tax credit futures platform under the Inflation Reduction Act
A carbon market ecosystem has partnered with a tax credit platform provider to assess the potential for issuing and trading clean energy tax credit future contracts under the US Inflation Reduction Act (IRA).
Read MoreMicrobes bliss out on white noise, scientists find sound sweet spot that could reverse landscape damage
‘Sound bathing’ can benefit more than just humans, with a study from an Australian university finding even microorganisms enjoy white noise that can help restore degraded landscapes.
Read MoreUS carbon refiner to support food supply chain by making protein from CO2
A US-based carbon refiner is in the process of commercialising a way to address food security issues by producing a nutrient-rich alternative to plant and animal-based proteins directly from CO2, according to a Tuesday announcement.
Read MoreJapanese steelmaker facing ‘impossible’ net-zero challenge, report says
One of Japan’s largest steelmakers is not on track to meet its own stated climate commitments, an Asia-focused think tank has found, saying net zero will be “impossible”.
Read MoreTech startup, financial firm partner to develop cooling materials, create carbon credits
A startup that provides energy-saving cooling materials has teamed up with a Tokyo-listed financial firm to promote decarbonisation services and create carbon credits.
Read MoreCLARIFICATION: Respira unites with investment firm to launch funds for nature-based projects
Climate financier Respira has joined forces with an impact investment firm to launch two funds for financing nature-based carbon offset projects and accelerating climate action, they announced Tuesday.
Read MoreSwedish platform sees first commercial biodiversity credit transaction
A Swedish exchange offering trade in biodiversity credits on Tuesday announced its first transaction, with a sales and marketing firm picking up units from the protection of an 11-hectare forest area for five years.
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