COP16: Air New Zealand first to pay into nature token pilot
National carrier Air New Zealand has become the first to pay into a nature-positive co-financing pilot that seeks to channel funds to community restoration initiatives on cyclone-ravaged Maori land.
Read MoreCOP16: Environmental consultancy releases global biodiversity metric
A Denmark-headquartered environmental consultancy on Monday released an open-access metric for measuring the biodiversity value of habitats on sites around the world, with potential applications in corporate disclosures as well as the emerging biodiversity credit market, the company told Carbon Pulse.
Read MoreNet zero by 2050 still unlikely, despite some decoupling of emissions and growth -study
A scenario in which all greenhouse gas emissions released by human activities are counterbalanced by carbon removals is still not in sight, according to new research.
Read MoreCOP16: NA100 companies at early stage of tackling nature impacts
Most of the Nature Action 100’s (NA100) focus companies are in the early stages of addressing their nature-related impacts, but further action is needed across Indigenous Peoples’ rights, governance, and disclosure, the group has said.
Read MoreNew CO2 storage facility in Greece to boost Southern Europe’s CCS ambitions
A carbon storage facility in the Greek city of Prinos received the European Commission’s green light on Monday, raising the country’s profile as a CO2 storage hub as well as Southern Europe’s carbon capture and storage (CCS) ambitions.
Read MoreAnalysts cast doubt on Scottish CCS project’s claimed emission cuts
The lifetime emissions of a project to add carbon capture technology to a gas-fired power plant in Scotland could be three to five times higher than reported by the developer, according to estimates by a climate think tank.
Read MoreEuro Markets: EUAs rally after losing 3.5% amid cross-market sell-off as buyers hold steady
European carbon prices ended Monday down by 0.9% after rallying from an earlier 3.5% drop amid healthy buying, even as all energy markets fell from the start of the day when geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.
Read MoreVCM Report: Buyers mopping up renewable and REDD credits on the cheap
Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.
Read MoreCOP16: Almost 4 of every 10 tree species threatened, major assessment finds
Almost 40% of tree species covered by the first Global Tree Assessment released Monday were found to be at risk of extinction, with species at risk in 192 countries worldwide.
Read MoreEmissions from the wealthiest 1% would exhaust global carbon budget in five months if matched worldwide -report
The global carbon budget would be exhausted in under five months if everyone emitted carbon at the same rate as the world’s wealthiest 1%, according to a report published on Monday.
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