Funding initiative channels millions to Kenyan clean cooking firms
An initiative that funds clean cooking in Africa has handed out a total €2.8 million in financing for Kenya-based organisations, it announced this week.
Read MoreDATA DIVE: Voluntary carbon projects have become better for biodiversity over time
Nature-based voluntary carbon projects are becoming increasingly beneficial for biodiversity, according to new data from AlliedOffsets that has been shared with and analysed by Carbon Pulse.
Read MoreNew lawmaker appointed to lead EU directive on green corporate claims
A new member of the European Parliament from the left-wing Socialists and Democrats group (S&D) has been appointed to lead negotiations on the EU’s Green Claims Directive, which aims at tackling greenwashing and sets rules for the corporate use of voluntary carbon credits.
Read MoreEuro Markets: EUAs rally 2.3% as increase in funds’ net short triggers renewed buying
European carbon prices rallied on Wednesday morning as weekly positioning data showed that investment funds more than doubled their net short positions last week, triggering a rally as traders looked to test the conviction of bearish bets.
Read MoreUPDATE: EU stocktake sees energy security improve, warns of poverty uptick
Despite an uptick in energy poverty, the EU is on track to ensure energy security, according to the European Commission’s latest annual assessment looking back at what has been achieved over the past year.
Read MoreBRIEFING: Carbon removals facing a price roller coaster as demand outstrips supply
The high price of carbon removal credits is set to spike before it declines, as new government policies help to drive more buyers to the nascent market, according to speakers at the Carbon Unbound Europe conference on Wednesday.
Read MoreExperts call for robust targets in Scottish nature bill
Scotland urgently needs strong targets to ensure impact in its forthcoming nature bill, covering areas ranging from habitats to species, experts said during a webinar on Wednesday.
Read MoreClimate spending under EU pandemic fund likely over-estimated, auditors say
The EU’s pandemic recovery funds contribution towards climate action and the green transition is likely over-estimated by at least €34.5 billion, the European Court of Auditors (ECA) said on Wednesday.
Read MoreIrish farmers and landowners targeted for forestry carbon credit revenue
One of the largest forestry management firms in Ireland has teamed up with the country’s first certified carbon management company to sell credits in the voluntary market.
Read MoreSBTN releases draft guidance on first science-based ocean targets
The Science Based Targets Network (SBTN) has put out for consultation draft guidance on the first scientific targets for ocean impacts, ahead of the full roll out in 2025.
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