LATAM Roundup: Ecuador, Bolivia open to carbon markets as business grows in Brazil
Ecuador voted overwhelmingly to legalise carbon markets, Bolivia’s president prepared to accept – and centralise – carbon trading, and Brazil welcomed a slew of high-profile investments in the week ending Sep. 22.
Read MoreSafeguard Mechanism baselines likely to tighten in upcoming review, bank predicts
The legislated review for Australia’s Safeguard Mechanism will likely see the scheme’s baselines tighten to meet more ambitious emissions reduction targets, which would ultimately be bullish for carbon credit prices, according to a bank’s analysis.
Read MoreChubb review in the spotlight as lead scientist calls CER’s interference “entirely inappropriate”
The lead scientist in the government’s independent review of Australia’s carbon market has described Clean Energy Regulator (CER) executives contacting scientists submitting feedback as “interference” and “entirely inappropriate”.
Read MoreBig economies lag behind COP28 commitment in renewable energy rollout -report
Many of the big economies need to accelerate wind and solar rollout to meet their COP28 commitments and avoid derailing the Paris Agreement goal to limit global warming to 1.5 C, according to analysis released this week.
Read MoreFood sector faces slow progress on climate action despite improved emissions disclosure -report
Despite growing regulatory pressures and improved emissions disclosure in the food sector, companies are struggling to make significant reductions in greenhouse gas emissions, particularly those from their supply chains, according to a new report.
Read MoreNorway stands firm on blue hydrogen days after Equinor scraps plans -minister
Norway continues to support blue hydrogen solutions, a top Norwegian official stated Sunday at New York Climate Week.
Read MoreBRIEFING: Global net zero commitments increase, yet 40% of major players still lack targets
Net zero commitments across countries, cities, regions, and companies have seen progress, but 40% of non-state entities, including major companies like Tesla, Nintendo, and Berkshire Hathaway, still lack emission reduction or net zero targets, according to new research.
Read MoreUK airline becomes largest carbon removals buyer in aviation via landmark deal
A flagship UK airline has become the biggest purchaser of carbon removal (CDR) credits in the UK, and the world’s largest CDR buyer in aviation, through a deal announced Monday.
Read MoreColombia to launch ETS in ‘enrolment’ phase in 2025 -minister
Colombia’s ETS is set to launch in 2025, building upon recent momentum in the country’s years-long process, a top official told Carbon Pulse on the sidelines of New York Climate Week on Sunday.
Read MoreElevated ozone levels threaten tropical forests’ role in climate mitigation, researchers warn
Rising ground-level ozone levels are significantly reducing the productivity of tropical forests, undermining their ability to act as a crucial carbon sink, researchers warn.
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