Brazilian prosecutor’s office asks to escalate state-level carbon market cases to feds
Brazil’s Federal Public Prosecutor’s office (MPF) on Tuesday called upon state courts to decline three carbon project cases in favour of federal jurisdiction, in the name of addressing carbon markets questions of national consequence.
Read MoreARB unveils partnership to ramp up SAF availability in California
California has reached an agreement with an airlines trade organisation to scale the state’s sustainable aviation fuel (SAF) supply to 200 million gallons (757 million litres) by 2035, regulator ARB said Tuesday.
Read MoreBRIEFING: Transition carbon credits considered promising solution, but challenges remain
Experts outlined during a Wednesday webinar the potential for so-called “transition” carbon credits to facilitate the energy transition, but noted that challenges remain in the ongoing development of the nascent asset class.
Read MoreCOP16: Global South alliance signals biodiversity financing “not working for us”
A group of ministers from 20 countries in the Global South have published a statement seeking urgent action to boost biodiversity financing for developing countries, while flagging issues with the global fund intended to support them.
Read MoreCOP16: Emergency session finds early cash for coral reefs, urges immediate action
A special emergency session on coral reefs at the UN biodiversity talks in Colombia on Wednesday urgently called for increased funding for reef protection, with a handful of governments and philanthropies putting up an initial $150 million for a global fund.
Read MoreCarbon market data firm, research institute launch interactive CDR tool
A London-based research institute and a carbon market data provider have unveiled an interactive tool to provide transparency to monitoring, reporting, and verifying (MRV) protocols for carbon removal (CDR), the two organisations announced on Wednesday.
Read MoreWisconsin utility signs contract with Italian CO2 battery developer
A CO2 battery technology company has signed a supply contract with a long-duration energy storage project being developed by a Wisconsin utility with US Department of Energy funding.
Read MoreUS CDR company raises $5.3 mln seed round
A US CO2 removals (CDR) startup announced on Wednesday its oversubscribed round of $5.3 million in seed funding, which will scale the firm’s efforts to remove CO2 from wastewater systems.
Read MoreUK to impose CBAM from 2027 to protect heavy industries
The UK will introduce a Carbon Border Adjustment Mechanism (CBAM) in 2027 for the six sectors it deemed to be most at risk of carbon leakage, down from eight initially proposed, the government said on Wednesday.
Read MorePaying Brazil $25/t could unlock Amazon’s true carbon capture potential -economist
Establishing a carbon price of $25 per tonne of captured CO2 could transform Brazil’s Amazon rainforest into one of the world’s largest natural sinks, countering emissions at a far lower cost than current carbon capture technologies, according to a study published by a major international financial institution.
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