Climate Change Authority’s sectoral pathway report calls for greater coordination to achieve Australia’s transition

Published 02:57 on September 5, 2024  /  Last updated at 02:57 on September 5, 2024  / /  Asia Pacific, Australia

Australia’s Climate Change Authority (CCA) has published a sectoral pathway report on how the country can reach net zero emissions by 2050, recommending its Safeguard Mechanism and carbon crediting schemes be expanded to help better coordinate the transition.

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CP Daily: Wednesday September 4, 2024

Published 01:11 on September 5, 2024  /  Last updated at 01:12 on September 5, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Researchers model up to 30% emissions abatement in US beef production

Published 00:57 on September 5, 2024  /  Last updated at 00:57 on September 5, 2024  / /  Americas, Nature-based, US, Voluntary

A team of researchers presented different intervention strategies to potentially reduce up to 30% of GHG emissions from US beef production.

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Consultant, Regional Collaboration Centre for East and Southern Africa – Ethiopia

Published 00:42 on September 5, 2024  /  Last updated at 10:26 on September 5, 2024  /  Job Postings

The primary objective of this assignment is to develop a national and sector-wide carbon market strategy for Ethiopia to guide its participation in global carbon markets.

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Egypt approves local carbon registry, 12 projects for trading

Published 00:03 on September 5, 2024  /  Last updated at 00:03 on September 5, 2024  / /  Africa, EMEA, Middle East, Nature-based, Voluntary

Egypt’s Financial Regulatory Authority (FRA) has approved a domestic standard’s carbon registry and allowed 12 projects from the registry for trading on the national voluntary carbon market (VCM) platform.

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European partnership to scale DAC capabilities

Published 22:49 on September 4, 2024  /  Last updated at 22:49 on September 4, 2024  / /  Americas, EMEA, US, Voluntary

A CO2 removal company unveiled a partnership Wednesday to manufacture its direct air capture (DAC) units in the US and Europe.

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California puts $25 mln on tap to catalyse wildfire mitigation projects

Published 20:13 on September 4, 2024  /  Last updated at 20:13 on September 4, 2024  / /  Americas, Nature-based, US, Voluntary

A California state-owned bank is offering $25 million for investments in forest restoration and wildfire mitigation projects, it announced on Sep. 3.

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Iraq, Canada consider carbon markets partnership -media

Published 19:25 on September 4, 2024  /  Last updated at 19:25 on September 4, 2024  / /  Americas, Canada, EMEA, International, Middle East, Paris Article 6, Voluntary

Iraqi’s environment minister met Wednesday with the country’s Canadian ambassador to discuss carbon markets cooperation, among other environmental matters, according to local media sources.

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UK trims carbon permit auction volumes for final seven sales of 2024 on aviation changes

Published 17:35 on September 4, 2024  /  Last updated at 19:01 on September 4, 2024  / /  EMEA, UK ETS

The UK has revised its carbon allowance auction calendar for the remainder of 2024 to take account of changes in the number of aviation operators participating in the market, according to a statement from the auction operator.

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Euro Markets: EUAs hit six-week low as selling pressure continues, UKAs slightly lower on “solid” auction

Published 17:13 on September 4, 2024  /  Last updated at 10:22 on September 5, 2024  / /  EMEA, EU ETS, UK ETS

European carbon slumped to a six-week low on Wednesday, breaking through key technical levels under pressure from sellers and despite an increase in investment funds’ short positioning, as fundamentals remained gloomy and the overall market sentiment continued to worsen, while UK Allowances trimmed losses after a “solid” auction.

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