Warming will worsen global economic divide by disrupting forest ecosystems, researchers warn

Published 03:00 on October 29, 2024  /  Last updated at 23:35 on October 28, 2024  /  Americas, Asia Pacific, China, EMEA, International, Nature-based, Voluntary

Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.

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CP Daily: Monday October 28, 2024

Published 02:03 on October 29, 2024  /  Last updated at 02:03 on October 29, 2024  /  Newsletters

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

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ANALYSIS: RGGI’s Third Program Review modelling updates under fire

Published 01:53 on October 29, 2024  /  Last updated at 01:53 on October 29, 2024  / /  Americas, US

RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.

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RGGI Market: RGAs inch lower amidst illiquidity, programme review muddles

Published 01:44 on October 29, 2024  /  Last updated at 01:44 on October 29, 2024  / /  Americas, US

RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.

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ANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote

Published 01:43 on October 29, 2024  /  Last updated at 01:43 on October 29, 2024  / /  Americas, RINs & LCFS, US

California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.

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Biogas tech provider acquires dMRV firm

Published 00:06 on October 29, 2024  /  Last updated at 00:06 on October 29, 2024  /  Africa, Asia Pacific, EMEA, Other APAC, Voluntary

A biogas technology provider serving the agricultural sector has acquired a digital MRV firm.

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Canada Growth Fund proposes to fund major CCS project in Alberta oilsands -media

Published 23:30 on October 28, 2024  /  Last updated at 23:30 on October 28, 2024  / /  Americas, Canada, Voluntary

Canada’s C$15 billion ($10.9 bln) public investment fund has made an offer to finance carbon capture and storage (CCS) technology for the fossil fuel industry, media reported Monday.

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Significant market opportunity for biodiversity-centred agricultural carbon projects in LATAM, Caribbean -report

Published 23:18 on October 28, 2024  /  Last updated at 23:18 on October 28, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

Carbon credit projects that centre biodiversity in the agricultural sector of Latin America and the Caribbean (LAC) can attract broader investment and meet both climate and biodiversity targets, said a report authored by voluntary carbon market (VCM) proponents on Monday.

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MRV research funding should prioritise biomass sinking, enhanced rock weathering -study

Published 23:10 on October 28, 2024  /  Last updated at 23:10 on October 28, 2024  / /  International, Nature-based, Voluntary

An October study attempts to shed light on how research and innovation funding for monitoring, reporting, and verification (MRV) should be prioritised for CO2 removal (CDR) projects.

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ESA unveils enhanced forest biomass maps to improve global carbon tracking, aid climate goals

Published 23:01 on October 28, 2024  /  Last updated at 23:01 on October 28, 2024  /  Climate Talks, EMEA, International, Nature-based, Voluntary

The European Space Agency (ESA) has released new global maps tracking above-ground forest biomass, calling it “a stable and open data source” for monitoring carbon stocks.

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