UK local government pension fund partnership taps asset managers for £300 mln timberland investment
A group of UK local government pension funds has appointed two asset managers to allocate hundreds of millions of pounds in investments in timberland projects, some of which are expected to generate “high-quality” carbon offsets.
Read MorePanama launches emissions reporting platform as national carbon market takes form
The Panamanian environment ministry debuted a new voluntary carbon footprinting portal for the public and private sector on Friday, laying the groundwork for in-country emissions reporting, which forms the first half of plans for a national carbon market.
Read MoreUS DFC backs $1 bln BTG Pactual-led Latin American reforestation effort with $50 mln investment
The US International Development Finance Corporation (DFC) has pledged $50 million to catalyse a $1 billion reforestation initiative led by BTG Pactual Timberland Investment Group (TIG) in Latin America.
Read MoreCanada’s planned landfill methane reduction regulation to cut 107 MtCO2e from 2025-40, reduce offset potential
The Government of Canada released proposed regulations to reduce methane from municipal and privately-held landfills, estimating a benefit of slashing 107 million tonnes of CO2 equivalent to the end of the next decade, which would reduce eligibility of projects to generate offsets.
Read MoreGoogle data centres push emissions nearly 50% higher than 2019 levels as AI footprint grows
Google’s carbon emissions have shot up 48% over the past five years, driven largely by data centre energy consumption, according to the company’s 2024 Environmental Report published this week.
Read MoreCLARIFICATION – Verra’s new REDD methodology could leave projects issuing no voluntary carbon credits, warns assessement body
Verra’s new consolidated methodology for avoided deforestation could lead to many REDD carbon projects being cancelled because they face the risk of being unable to issue voluntary credits, finds an assessment body.
Read MoreACR unveils updates to US IFM carbon offset protocol aimed at baseline precision
International registry ACR unveiled Tuesday a series of updates in Version 2.1 of its Improved Forest Management (IFM) on Non-Federal US Forestlands methodology that it said increased the precision of its requirements for developing and evaluating conservative baseline scenarios.
Read MoreDATA DIVE: How the UK Conservatives slipped on net zero
A Labour win in Thursday’s general election is likely to be good news for the UK’s chances of meeting its legally-binding target of net zero emissions by 2050, with the governing Conservative Party pledging a range of policies that risk being regressive for the climate.
Read MoreEU net zero transition speeds up but still too slow, finds annual assessment
The EU is more on track to reach its climate neutrality goal than it was a year ago, but the pace of progress needs to accelerate to put the target within reach, according to an assessment of 124 net zero indicators unveiled by a consortium of researchers in Brussels on Tuesday.
Read MoreEuro Markets: EUAs burst into life to post biggest daily gain in six weeks on options, speculative trade
European carbon allowances exploded higher on Tuesday afternoon, dragging energy markets with them after a largely unchanged morning, as heavy options trading and hedging appeared to drive speculative buying and trigger stop-losses among some short positions to give EUAs their biggest daily gain in six weeks.
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