Global decarbonisation efforts stalling as energy demand rises, consultancy warns
Efforts to decarbonise the world economy are falling dangerously behind as the required rate of decarbonisation has surged to 20.4% annually to limit global warming to 1.5 C, according to a global consultancy.
Read MoreCWNYC24: US CFTC’s voluntary carbon market guidance aims to level the playing field -chair
The US Commodities Futures Trading Commission (CFTC) sought to embed some of the private sector’s principles and standardisation for the voluntary carbon market (VCM) into its newly released guidance for trading carbon credit derivative contracts, the commission’s chair said in New York on Wednesday.
Read MoreUS Senators propose to include mine methane capture in federal CCS tax credits
A bipartisan pair of US senators introduced legislation Wednesday to make mine methane capture efforts eligible under 45Q tax credits for carbon capture and storage (CCS).
Read MoreQuestions loom over climate fund for developing nations ahead of COP29
After years of negotiations, a key climate fund for developing nations is poised to become a reality during the upcoming COP29 summit in November, but looming technical and political decisions will determine the fund’s ultimate scope, participants said at a panel event Wednesday.
Read MoreCWNYC24: Experts divided over the role of additionality in biodiversity markets
Early players in the biodiversity market disagree over the role of additionality, with some saying it should be “dead and buried”, while others see it as a fundamental principle to attract funding.
Read MoreARB’s latest offset issuance falls further from prior periods
California regulator ARB’s issuance of compliance-eligible offsets once again fell below the previous two-week period, extending the ongoing trend of lower issuances relative to the year-to-date (YTD) total in 2023, agency data released Wednesday showed.
Read MoreCWNYC24: Peru submits ‘Indigenous J-REDD’ concept note to ART standard
The Secretariat of the ART carbon credit standard has accepted a concept note for an Indigenous Jurisdictional REDD (J-REDD) programme from Peru’s environment ministry at a ceremony during Climate Week NYC on Wednesday.
Read MoreCWNYC24: New York state officials select WCI as platform for cap-and-invest programme
Market administrator WCI Inc. will serve as the registry, auction, and financial services platform for the upcoming New York cap-and-invest (NYCI) programme, regulators announced Wednesday during Climate Week NYC.
Read MoreCWNYC24: EU and US climate negotiators want Article 6 “in the bag” in Baku
The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.
Read MoreCWNYC24: VCMI expects more companies to pick up its claims, as Scope 3 launch nears
Two companies have so far made claims for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative’s code for offset use – but more are expected in the coming months, and even more once the new Scope 3 claim is finalised, the initiative’s executive director told Carbon Pulse on Wednesday.
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