VCM Report: Resurfacing fraud charges undermine confidence, thin liquidity continues
The integrity of the voluntary carbon market came under the spotlight again last week after charges of fraud were unsealed by US authorities against Ken Newcombe, the former CEO of project developer CQC Impact Investors LLC (CQC), as well as the company’s ex-COO and a former managing director, Tridip Goswami, among others.
Read MoreEuro Markets: EUAs erase early plunge to six-month low in heavy trading as gas rebounds on geopolitics
European carbon prices dropped sharply from the opening on Monday, reaching a new six-month low early in the afternoon – just above a key psychological and technical level – before then clawing back all their losses in the busiest day the ICE exchange has seen since early 2022, after gas prices staged a bounce-back on bullish news reports.
Read MoreCarbon offsetting programme publishes new nature-based methodologies, tools
An international carbon credit development programme on Monday published two new methodologies and two methodological tools under its nature-based solutions (NBS) programme.
Read MoreNature Positive Initiative launches nine draft indicators
The influential Nature Positive Initiative (NPI) has launched a first set of nine draft nature indicators, with the aim of building consensus on measuring progress towards nature positive.
Read MorePREVIEW: COP16 ‘temperature check’ for world’s pledges on nature
Delegates from nearly 200 countries will gather in Colombia at the end of this month for the COP16 biodiversity summit, in what observers call “a temperature check” for the world’s pledges on nature, amid political divisions on finance mobilisation threatening to hamper the implementation of the landmark Global Biodiversity Framework (GBF).
Read MoreEU ETS found to have “no significant issues” in market watchdog’s first annual report
Europe’s markets authority said it had not found any “significant issues” in the functioning of the EU ETS during 2023 and did not make any recommendations for additional regulation, in its first annual report on the market published on Monday.
Read MoreBRIEFING: All the new climate initiatives to expect from the European Commission’s next five-year term
The new European Commission has a wide range of climate initiatives in store for the next five years – as President Ursula von der Leyen keeps climate change at the heart of her second mandate while shifting the focus to implementation and industrial policy, according to the mission letters she sent to her team of commissioners-designate.
Read MoreBNG metric fails to capture invertebrate biodiversity, study says
The metric used for implementing England’s biodiversity net gain (BNG) policy does not accurately capture invertebrate biodiversity abundance, a pre-print paper has suggested.
Read MoreIndian state partners with country’s biggest development bank to implement carbon credit framework
An India state has partnered with the biggest development bank in the country to generate additional carbon credit revenue for smallholder farmers by reducing GHG emissions, the state government has announced.
Read MoreBP drops goal to cut oil and gas output, targets new fossil investments -media
BP has reportedly abandoned its goal to cut oil and gas output by a quarter by 2030 and is instead eyeing investments to scale up output, as management resets the company’s energy transition strategy in a bid to regain investor confidence.
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