Colombia 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.
Read MoreSri Lanka publishes ‘positive’ list of Article 6-aligned projects
The Sri Lankan government has published a list of project activities across six sectors that will be eligible to generate credits under Article 6 of the Paris Agreement.
Read MoreUN loss and damage fund cements executive pick, World Bank arrangements
The UN Fund for Responding to Loss and Damage (FRLD) crystallised its institutional arrangements at the third meeting of the board held in Baku last week.
Read MoreCFTC: Financials favour V25 CCAs again, while producers prefer V24s and both avoid RGAs
Financial entities once again favoured V25 California Carbon Allowances (CCAs) while producers preferred the current year vintage, and both trimmed net length in RGGI allowances (RGA), according to data published Friday by the US Commodity Futures Trading Commission (CFTC).
Read MoreECOSYSTEM MARKETPLACE: The time is right for a forest moonshot in the US
Despite bipartisan support and progress in implementing natural climate solutions, the U.S. needs a significant, coordinated effort, or “moonshot,” to increase reforestation, protect forests, and manage lands sustainably to meet national climate goals, overcome current barriers, and prevent the loss of millions of acres of forest by mid-century, writes Sacha Spector, Program Director for the Environment at the Doris Duke Foundation.
Read MoreJapanese trading house, CCS developer form joint venture targeting 10 Mt of captured CO2 across North America
A Japanese trading house has entered into a joint venture with a US carbon capture and storage (CCS) developer to sequester up to 10 million tonnes of CO2 annually across North America by 2030, according to reports.
Read MoreConstellation Energy, Microsoft partner to restart Three Mile Island nuclear power plant
US-based Constellation Energy plans to restart the Three Mile Island nuclear power plant, which was closed in 2019, under a 20-year deal with Microsoft to supply carbon-free energy to its data centres.
Read MoreUS to fund up to $1.8 bln in new DAC projects
The US Department of Energy (DOE) will fund up to $1.8 billion of mid-scale and large-scale direct air capture (DAC) facilities, according to a Notice of Intent (NOI) issued on Friday.
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