Analysts see China’s average carbon price reach 100 yuan/tonne by 2030 as coverage expands
Chinese emissions permit prices could reach above 100 yuan ($14.05) on average by the end of this decade as the world’s largest compliance carbon market continues to include new sectors, a report has found.
Read MoreUPDATE – Tech firm delays launch of biodiversity credit framework due to market uncertainties, completes seed funding round
A Switzerland-based digital carbon standard has decided to delay the takeoff of its biodiversity credit framework due to market uncertainties, expecting to launch the programme within the next 12-18 months.
Read MoreArticle 6 needs EU leadership at COP29, urges carbon project developer
A carbon project developer has urged the EU to “resume its leadership position” on international carbon markets at COP29, citing the disappointment of last year’s UN climate summit in Dubai, at a conference in Berlin on Tuesday.
Read MoreInvestors must strengthen approach to protected biodiversity areas -UN report
Investors should adopt a specific strategy when investing near areas with protected biodiversity, charity ShareAction and the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) said in a report published on Tuesday.
Read MoreUK pension fund buys stake in nature asset manager
A UK local government pension fund has acquired a minority stake in an asset manager specialising in curbing corporate exposure to nature-related risks, the organisations announced Monday.
Read MoreDAC developer raises €6.75 mln seed round to support facilities in Germany
A developer of direct air capture and storage (DACS) has raised a €6.75 million seed round including grants to support the build-out of direct air capture testing and development facilities in Germany, as well as to develop its first industrial product, it announced on Tuesday.
Read MoreInt’l carbon markets at ‘inflection point’, progress urgently needed on Article 6, says World Bank
International carbon markets are at a crossroads with tangible progress now desperately needed on Article 6, as well as from voluntary integrity initiatives, according to a report from the World Bank published Tuesday.
Read MoreTokyo-based carbon developer teams up with provincial govt for methane reduction projects in Vietnam
A Japanese carbon project developer has signed a Memorandum of Understanding (MoU) with a provincial government in Vietnam to generate carbon credits from methane offset projects spanning 55,000 hectares of rice paddy fields in the Red River Delta.
Read MoreSignificant role for government to scale CDR supply and demand -report
Monitoring, reporting, and verification (MRV) practices to effectively scale the carbon removal (CDR) market will require collaborative efforts, underpinned by government guidelines, according to a paper featuring perspectives from voluntary CDR buyers, policymakers, and academics.
Read MoreLoss and Damage Fund access, contributions should be based on country emissions, think tank says
The recently established Loss and Damage Fund (LDF) should adopt a clear allocation mechanism based on countries’ emissions contributions, among other criteria, according to an Australian think tank’s analysis.
Read More
