EU fishing policy limits on vessel weight and power are no hindrance to low-carbon transition -report

Published 14:16 on October 29, 2024  /  Last updated at 15:29 on October 29, 2024  / /  EMEA, Shipping

Limits on vessel weight and power under the EU’s Common Fisheries Policy (CFP) pose no obstacle to transitioning the EU fishing fleet to energy-efficient and low-carbon propulsion technologies, according to a new report by a non-profit.

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INTERVIEW: Oil and gas player taps geothermal to decarbonise UK heating

Published 14:03 on October 29, 2024  /  Last updated at 14:05 on October 29, 2024  / /  EMEA, Voluntary

The geothermal energy deep beneath UK soil offers a huge, untapped opportunity to decarbonise the country’s heating, according to an oil and gas company developing opportunities in the sector.

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BP’s faith in oil and gas hits snag in third quarter

Published 13:46 on October 29, 2024  /  Last updated at 13:46 on October 29, 2024  / /  Americas, Asia Pacific, EMEA, International

BP’s pivot away from the green revolution hit a snag Tuesday after the oil major reported its weakest quarterly earnings since the fourth quarter of 2020, when industry profits cratered during the coronavirus epidemic.

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Finland to be first EU nation to set up voluntary biodiversity credit framework

Published 13:35 on October 29, 2024  /  Last updated at 13:35 on October 29, 2024  / /  Biodiversity, EMEA

Finland has become the first EU member state to announce plans to develop a framework for companies to invest in voluntary biodiversity credits that go beyond existing environmental offsetting provisions, in a bid to encourage companies to take nature action.

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BRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets

Published 12:57 on October 29, 2024  /  Last updated at 20:14 on October 29, 2024  / and /  Asia Pacific, Carbon Taxes, CBAM, Other APAC, Voluntary

Vietnam is finalising the details of a decree outlining how emitters will be allowed to meet 10% of their greenhouse gas reduction obligation with foreign offsets and is looking to South Korea and the EU as examples, officials said Tuesday.

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Biodiversity credit company announces data partnership

Published 11:14 on October 29, 2024  /  Last updated at 11:14 on October 29, 2024  / /  Africa, Americas, Biodiversity, EMEA, South & Central

A biodiversity credit project developer and a data provider have announced a partnership with the aim of scaling projects in countries across Africa, South America, and Europe, Carbon Pulse has learned.

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Spanish farming association launches carbon credit project for the swine sector

Published 10:52 on October 29, 2024  /  Last updated at 10:52 on October 29, 2024  / /  EMEA, Voluntary

A Spanish agricultural organisation has launched a project aimed at generating carbon credits from the livestock sector, targeting pollution reduction and emissions control in pig farming.

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Setback as EU gas industry rejects just transition deal with trade unions

Published 10:50 on October 29, 2024  /  Last updated at 10:50 on October 29, 2024  / /  EMEA, EU ETS

European gas employers have rejected a draft agreement with trade unions to wind down the EU’s industry, highlighting the difficulties in managing the social aspects of the green transition.

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Australia’s clean finance arm details first spend on forest project, plans to earn ACCUs

Published 10:37 on October 29, 2024  /  Last updated at 10:37 on October 29, 2024  / /  Asia Pacific, Australia

Australia’s Clean Energy Financing Corporation (CEFC) has for the first time invested A$75 million ($49.2 mln) in the forestry sector, according to the group’s annual report published this week, which details tens of billions of dollars of clean investments.

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Taiwan adds voluntary methodologies to encourage forest and bamboo management

Published 09:13 on October 29, 2024  /  Last updated at 09:13 on October 29, 2024  / /  Asia Pacific, Nature-based, Other APAC, Voluntary

Taiwan has given the green light to two new offset methodologies for nature-based projects, which can create carbon credits from forest and bamboo management activities.

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