Volvo vows to take action on nature, biodiversity

Published 15:04 on September 20, 2024  /  Last updated at 15:04 on September 20, 2024  /  Biodiversity, EMEA

Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.

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‘Breakthrough’ as taxation comes under watch of EU climate chief, CBAM still unclear

Published 14:38 on September 20, 2024  /  Last updated at 14:38 on September 20, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

With the European Commission’s new lineup it will be the EU’s climate action commissioner who will handle taxation policy, a move hailed as a “breakthrough” by a top official, although it is still unclear who will be in charge of the EU’s Carbon Border Adjustment Mechanism (CBAM).

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Second Mexican Yucatan IFM project collaboration yields 380k carbon credits

Published 14:11 on September 20, 2024  /  Last updated at 14:11 on September 20, 2024  / /  Americas, Canada, Mexico, Nature-based, US, Voluntary

A developer partnership announced Thursday the first tranche of issuance from their second improved forest management (IFM) project in Mexico’s Yucatan Peninsula region.

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European carbon trader joins Gunvor from Freepoint

Published 14:03 on September 20, 2024  /  Last updated at 14:03 on September 20, 2024  /  Bavardage, EMEA, EU ETS

A European carbon trader previously with Freepoint Commodities has started with Switzerland-headquartered trading firm Gunvor Group, Carbon Pulse has learned.

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Sarawak coal mine poses significant carbon risk, more transparency needed -watchdog

Published 13:33 on September 20, 2024  /  Last updated at 13:33 on September 20, 2024  / /  Asia Pacific, Other APAC

The continued existence of a large thermal coal mine in Sarawak, Malaysia, goes against the nation’s climate commitments and the opacity surrounding environmental approvals to its extension is a problem, an environment watchdog said Friday.

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Euro Markets: EUAs tick up on gas recovery, ease 2% over the week

Published 12:59 on September 20, 2024  /  Last updated at 18:48 on September 20, 2024  / /  EMEA, EU ETS, UK ETS

The European carbon market moved with relative stability on Friday, tracking a rebound in energy markets after a volatile previous session linked to reports of a Ukraine-Azerbaijan gas transit deal, while analysts point to tests ahead at a key technical support level.

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ANALYSIS: Voluntary carbon market overlooking CORSIA insurance bottleneck

Published 11:59 on September 20, 2024  /  Last updated at 11:59 on September 20, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Large volumes of eligible voluntary carbon credits for the UN’s CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.

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BRIEFING: Business groups nervous as final talks near on EU’s Green Claims Directive

Published 11:56 on September 20, 2024  /  Last updated at 11:56 on September 20, 2024  / /  EMEA, Voluntary

As EU institutions gear up for talks to finalise the proposed Green Claims Directive, participants in the voluntary carbon market have flagged issues with the draft bill, arguing it goes too far beyond its original objective of fighting greenwashing.

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Australian state pulls together big data for better CCS mapping

Published 11:26 on September 20, 2024  /  Last updated at 11:26 on September 20, 2024  / /  Asia Pacific, Australia

The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.

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CN Markets: CEA price rebound to 90 yuan level, trading volumes increase

Published 11:21 on September 20, 2024  /  Last updated at 11:21 on September 20, 2024  / /  Asia Pacific, China

Chinese carbon allowance prices saw a modest recovery over the past week after the national holidays, with trading activity continuing to pick up ahead of the compliance deadline. 

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