Biodiversity credit metric can enhance investment in species conservation, study says

Published 13:44 on July 1, 2024  /  Last updated at 13:44 on July 1, 2024  / Sergio Colombo /  Biodiversity, International

A recently developed metric for tradable biodiversity credits has the potential to optimise resource allocation to species conservation efforts, a paper has said.

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Oxford researchers urge UK-EU ETS linkage to scale cross-border CO2 projects

Published 12:54 on July 1, 2024  /  Last updated at 12:54 on July 1, 2024  / Roy Manuell /  EMEA, EU ETS, UK ETS

The EU and UK must rejoin their carbon markets in order to scale cross-border CO2 transport and storage projects, according to researchers from the University of Oxford, who also underlined the political challenges of relinking the two systems.

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British scientists verify feasability of new ocean carbon removal technology

Published 11:49 on July 1, 2024  /  Last updated at 11:51 on July 1, 2024  / Roy Manuell /  EMEA, International, Nature-based, Voluntary

Scientists from a UK research centre have verified the feasibility and potential scalability of a new ocean carbon removal technique, they said Monday.

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UN proposes global fund for sharing benefits derived from plant, animal DNA sequencing

Published 11:46 on July 1, 2024  /  Last updated at 11:46 on July 1, 2024  / Giada Ferraglioni /  Biodiversity, International

The UN drafted on Monday a proposal to establish a global fund for sharing some of the multi-trillion dollar revenues derived from products that leverage the use of the DNA sequences of plants, animals, and microbes, known as digital sequence information on genetic resources (DSI).

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Australian cookstove project developer raises $3.75 mln from investors

Published 09:47 on July 1, 2024  /  Last updated at 10:35 on July 1, 2024  / Chia-Erh Kuo /  Africa, Asia Pacific, Australia, Bavardage, EMEA, Voluntary

A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.

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Korean securities firm secures Paris-aligned water purification project in Ghana

Published 07:34 on July 1, 2024  /  Last updated at 07:34 on July 1, 2024  / Chia-Erh Kuo /  Africa, Asia Pacific, EMEA, Other APAC, Paris Article 6, South Korea

A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.

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Safeguard Mechanism lays the foundation for Australia’s decarbonisation, but policy misalignment underlines uncertainty, panel hears

Published 07:30 on July 1, 2024  /  Last updated at 07:30 on July 1, 2024  / Mark Tilly /  Asia Pacific, Australia

Australia’s reforms to the Safeguard Mechanism have been the lynchpin in driving “overwhelming” interest and activity in the country’s carbon market and has spurred some participants to begin to plan their decarbonisation journey, but key questions hang over other parts of the government’s climate agenda.

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World Bank approves $1.5 bln in funding for Indian green hydrogen, carbon markets

Published 06:23 on July 1, 2024  /  Last updated at 06:23 on July 1, 2024  / Nikita Pandey /  Asia Pacific, International, Other APAC, Paris Article 6, Voluntary

The World Bank has approved $1.5 billion in additional financing to help India accelerate the development of its national carbon market, boost green hydrogen production, and scale up renewable energy capacity.

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Shell trader joins Trafigura carbon desk

Published 05:01 on July 1, 2024  /  Last updated at 05:01 on July 1, 2024  /  Asia Pacific, Bavardage, China, Other APAC, Voluntary

A senior carbon trader with Shell has left to join the emissions desk at trading house Trafigura, Carbon Pulse has learned.

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CP Daily: Sunday June 30, 2024

Published 00:33 on July 1, 2024  /  Last updated at 00:42 on July 1, 2024  / Carbon Pulse /  Newsletters

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

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