ICVCM approves three REDD carbon crediting methodologies for CCP status
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
Read MoreCOP29: UK looks to quickly bolster Article 6 trade with new principles for carbon credits
The UK is setting out six new principles for trading voluntary carbon and nature credits, building on the initiatives by the Integrity Council for the Voluntary Carbon Market (ICVCM) and seeking to quickly bolster international trade under Article 6 of the Paris Agreement.
Read MoreCOP29 Roundup for Day 4 – Nov. 14
It is Day 4 at COP29 in Baku – Finance Day. Negotiation chairs are expected to drop new draft texts on Article 6, after trimming the text on a New Collective Quantified Goal (NCQG) from 35 to 33 pages early this morning. Expect a flurry of events on what these difficult climate finance talks need to achieve for developing countries, as well as the role of carbon markets in all of it. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: UK pledges nearly £80 mln for clean energy, innovation in developing countries
The UK is pledging nearly £80 million of funding to help developing countries roll out clean energy and shift away from fossil fuels, with a package of support that it said will position the country as a clean tech innovation leader.
Read MoreUS DOE allocates $20.2 mln to advance algae development for low carbon fuels, bioproducts
The US Department of Energy (DOE) on Thursday announced $20.2 million in funding to support research and development efforts to convert algae into low carbon fuels and bioproducts.
Read MoreUS-based CDR company receives $32 mln in Series A funding
A Texas-based CO2 removal (CDR) company announced on Thursday that it raised $32.3 million in Series A funding after a full year of operation.
Read MoreAlberta uses C$40 mln from carbon market to attract low emissions innovations
The Canadian province of Alberta announced on Wednesday a C$40 million ($28.5 mln) investment that seeks to advance early- and late-stage low emissions products expected to increase the competitiveness of manufacturing and resource sectors in the region.
Read MoreUPDATE – COP29: California requests Quebec to delay draft WCI cap-and-trade regulations till Q1 2025
Quebec will publish draft amendments to its cap-and-trade programme in early 2025 on request of a delay from California, the Quebec environment minister told Carbon Pulse on the sidelines of COP29.
Read MoreCORRECTION – COP29: Madagascar uses cookstove project to test int’l carbon market legislation, a model which could be replicated, developer says
The Madagascar government is planning to sign its first-ever bilateral agreement under Article 6.2 of the Paris Agreement to generate Internationally Transferred Mitigation Outcomes (ITMOs) with South Korea soon, as it plans to operationalise its Article 6 regulatory framework by Jan. 2025, an official told Carbon Pulse.
Read MoreEuro Markets: EUAs climb to 11-week high on technical buying as gas hits one-year high
European carbon prices posted healthy gains on Thursday, initially outpacing strength in gas before front-month TTF rose to a one-year high as traders reacted to news headlines that added uncertainty to the supply outlook.
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