International law firm buys water, carbon units from project in Egypt
An international law firm has purchased a batch of natural capital units generated through a regenerative agriculture project in Egypt, Carbon Pulse has learned.
Read MoreCOP29: Fiji unveils carbon market strategy roadmap
Fiji’s government on Thursday published its National Carbon Market Strategy Roadmap, which lays out key considerations and next steps to develop emissions reduction projects in the country using market-based mechanisms.
Read MoreCOP29: Singapore finalises negotiations for Article 6 Implementation Agreement with Peru
Singapore and Peru on Thursday announced they had finalised an agreement to trade sovereign carbon credits under Article 6 of the Paris Agreement, paving the way for credits created in the South American country to be used towards a portion of corporate requirements under the city state’s carbon tax.
Read MoreEU Commission pause on EUA auction adjustments bullish for prices -analysts
The European Commission this week announced that it would not increase EUA auction volumes in the near term under its REPowerEU programme to account for lower allowance prices, a declaration that analysts viewed as bullish.
Read MoreVerra to open consultation on stewardship credits in early 2025
Environmental crediting standard Verra is set to open public consultation on its stewardship credit programme early next year, a company executive told a webinar on Wednesday.
Read MoreAsia-focused carbon standards team up to promote voluntary carbon market
Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.
Read MoreCOP29: A tale of two registries – Article 6 negotiators head towards crunch in bid to force through carbon markets outcome
Countries may be on the cusp of finalising a deal on Article 6 at COP29, with negotiators and observers each signalling that talks on international carbon markets were close to consensus after parties appear to have carved out a compromise on the thorny registries issue, though the latest draft outcomes could also ignite old divisions.
Read MoreCOP29: Last chance in Baku for carbon markets to get this right, says Article 6 negotiator
Carbon market negotiators may have one last chance to find the right set of Article 6 rules to ensure integrity before the world abandons the market-based approach for achieving climate action, a Swedish negotiator said Wednesday.
Read MoreMalaysia’s Selangor examining mechanisms to develop state’s carbon market
Malaysia’s richest state, Selangor, is exploring suitable methods and mechanisms to formulate policies for a local carbon market, according to local media.
Read MoreWestern Australia releases CCUS action plan, allocates $17 mln for two major projects
Western Australia on Thursday announced the state’s inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.
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