Canada’s CO2 removal procurement programme should prioritise permanent removals -report
Canada’s new federal effort to purchase CO2 removal (CDR) services to help green governmental operations must be designed in a way to prioritise support for permanent carbon removal and storage services, an October report said.
Read MoreCOP16: BCA to launch digital framework for improving biodiversity credit markets transparency
UN-backed Biodiversity Credits Alliance (BCA) announced on Monday it is about to launch a digital framework to enhance transparency in the nascent voluntary biodiversity market, amid pressing concerns over how to guarantee Indigenous peoples’ sovereignty over data.
Read MoreRising electricity demand in ASEAN being met by fossils, report finds
The growth in electricity demand in the Association of Southeast Asian Nations (ASEAN) in 2023 was entirely met by fossil fuels, as expansion of renewables lagged behind, pushing the region’s emissions up by 6.6% last year, a report published Tuesday has found.
Read MoreCOP16: Money takes centre stage as nature talks open in Colombia
Delegates from nearly 200 nations on Monday began two weeks of talks on how to implement the 2022 Global Biodiversity Framework (GBF), with questions around how to raise more funds to reverse nature loss and from who quickly taking centre stage.
Read MoreBrazil leverages R$45 bln in funding for climate projects via inaugural programme auction -media
Brazil’s programme to attract foreign finance towards green infrastructure projects announced the results of its first auction on Friday, detailing the terms of the public-private partnership required for capital deployment of approximately R$45 billion ($7.9 million).
Read MoreBrazilian coffee carbon credit initiative announces pilot project in Minas Gerais
An initiative to promote sustainable agricultural practices through carbon credit revenues amongst rural coffee producers in Brazil announced its pilot project in the state of Minas Gerais last week.
Read MoreRGGI Weekly: Benchmark RGAs cross above “psychological $20 threshold” in illiquid market
In the absence of near-term fundamental drivers and ongoing low liquidity, benchmark RGGI Allowances (RGA) reversed back above $20 over the week.
Read MoreEU lawmakers call on COP29 leaders to phase out fossil fuels, expand carbon pricing
The European Parliament’s environment committee (ENVI) is calling on all countries to commit to phase out fossil fuels and adopt carbon-pricing mechanisms worldwide when they meet at COP29 next month.
Read MoreUS DOE invests $518 mln in CO2 storage projects
The US Department of Energy (DOE) will invest more than $518 million in projects that will advance commercial-scale deployment of long-term carbon storage, the agency announced Monday.
Read MoreCOP16: Colombia eyes regulated carbon, biodiversity markets to meet nature financing targets under updated NBSAP
Colombia plans to rely on regulated carbon and biodiversity credit markets to meet its financing targets under its newly released National Biodiversity Strategy and Action Plan (NBSAP), government officials told Carbon Pulse at the ongoing COP16 UN biodiversity summit.
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