CWNYC24: Cautious optimism from carbon removal buyers as market hopes for “second wave” of purchases
Carbon removal credit suppliers’ increased ambition was met with tempered buying expectations at Climate Week NYC this week, as the market looks forward to a “second wave” of credit purchases.
Read MoreFaster battery, interconnection expansion to save EU €9 bln per year in gas costs -report
Faster deployment of batteries and interconnectors, needed to keep pace with expected wind and solar capacity growth, would save countries €9 billion in gas costs annually from 2030, according to analysis from a clean energy think tank.
Read MoreArgentine province seeks $55 mln revenue from J-REDD issuance
An Argentine province is seeking around $55 million for the first carbon credit issuances from its flagship jurisdictional-REDD (J-REDD) project, a partner with the finance ministry has said.
Read MoreCWNYC24: Airlines eying new Costa Rican ART TREES credits -source
Airlines are expressing interest in NGO-brokered Costa Rican ART TREES-certified carbon credits, Carbon Pulse heard from a well-placed source at Climate Week NYC, potentially signalling new supply under the UN CORSIA international aviation offsetting scheme.
Read MoreUPDATE – Wisconsin environmental groups urge California regulator to invalidate company’s carbon credits
A coalition of environmental organisations has called on California regulator ARB to revoke thousands of carbon credits issued to a Wisconsin-based company, citing repeated environmental violations that allegedly pose a risk to public health and the environment.
Read MoreUS DOE awards $17 mln to state and local governments for clean energy
The US Department of Energy (DOE) announced Wednesday that it is awarding nearly $17 million to 23 state and local governments to support clean energy projects and programmes.
Read MoreCWNYC24: BRIEFING – Social impact upstages mitigation in New York for ‘VCM 2.0’
Socioeconomic benefits of the voluntary carbon market (VCM) took centre stage in panels at this year’s Climate Week NYC, at times edging out mitigation, as VCM advocates seek to restore the industry’s reputation nearly two years after a series of integrity scandals debilitated the market.
Read MoreCanadian firm to expand cookstove distribution in Africa under new deal
A carbon credit company has inked a deal with a London-based financial firm for the distribution of low-emission cookstoves throughout Africa, according to a Thursday announcement.
Read MoreEU CBAM transition period not long enough for Western Balkan power exporters to comply, says expert
The transition period for the implementation of CBAM, which runs until 2026, is not long enough for Western Balkan electricity traders to devise new export strategies to the EU, even if the Commission changes its criteria to make it easier for low-carbon exporters to be recognised, according to an expert on the matter.
Read MoreCWNYC24: “Good riddance” to buyers who won’t pay for integrity, says tech giant
Voluntary carbon market (VCM) stakeholders should welcome the retreat of buyers who will not pay a premium for high-integrity credits, a large tech buyer said at Climate Week NYC on Thursday.
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