Euro Markets: EUAs give up some of Wednesday’s gains on strong correlation with weaker gas
European carbon allowance prices fell back in line with a weaker gas market on Thursday, retracing about half of Wednesday’s 2.3% gain as EUAs continued to fluctuate in their recent options-driven €2 range near a five-month low, with traders seeing little incentive for levels to break out.
Read MoreSwiss DAC company needs to raise $9 bln in six years to scale
A Swiss direct air company will require $9 billion to reach its gigatonne-scale ambitions by 2030, a senior figure at the company said on Thursday.
Read MoreCanadian CDR firm receives C$2.5 mln investment from major banks
A Canadian carbon removals (CDR) company announced Thursday it has received C$2.5 million ($1.8 mln) from two major banks.
Read MoreColombia proposes nearly tripling carbon tax to about $17.50
Colombia’s finance ministry presented a draft financing bill this week that would almost triple the national carbon tax amid accusations that it remains too low to spur decarbonisation.
Read MoreBrazil’s G20 bioeconomy initiative releases 10 principles
The G20 Initiative on Bioeconomy (GIB), led by the Brazilian government, launched 10 principles on Thursday covering topics such as inclusivity, location specificity, and traditional knowledge use.
Read MoreCDR offers great salaries in a growing industry, for those lucky to be in the few countries where it exists, industry survey finds
Prospective employees in carbon dioxide removal (CDR) can expect competitive salaries in the small number of countries where it exists, according to a first-of-its kind survey of the sector, but the industry will need to grow rapidly in the coming years if it is to contribute to the world achieving its climate goals.
Read MoreMalawi ITMO carbon credits trade at $10.25, retired the same day
Clean cooking ITMO credits from a project in Malawi were bought on a trading platform this week and retired the same day, underlining demand for the burgeoning sovereign carbon market.
Read MoreBiodiversity data facility to deliver project grants following EU funding
The Global Biodiversity Information Facility (GBIF) will launch a call for grant proposals in 2025 in several regions after receiving €4 million from the EU, in an outreach that will complement its work on ‘data cubes’, an executive has said.
Read MoreFintech startup partners with blockchain platform for trading voluntary carbon credits
A fintech startup focused on creating financial instruments tied to voluntary carbon credits has announced a partnership with a global blockchain-based platform for buying, selling, and retiring units.
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