US blockchain-based carbon platform announces Mexican franchise
A Houston-headquartered blockchain carbon credit platform announced Wednesday the establishment of a franchise in Mexico as the company expands its presence in Latin America.
Read MoreEuro Markets: EUAs post lowest settlement in 6 months as fundamental gloom builds
EU carbon prices fell to their lowest settlement in six months with buying activity was little in evidence as participants continued to eye weak fundamentals, even as weekly position data showed investment funds cutting their bearish bets by around a third, and UK Allowances extended their decline for an eighth straight day.
Read MoreGovernments are neglecting behavioural change in national climate goals -research
Most countries are overlooking the potential for pro-climate behavioural changes from consumers as a strategy to help reduce global emissions by up to 70% by 2050, according to research published on Wednesday.
Read MoreLEAK: EU climate ministers lay out structure of global climate finance goal
EU climate and environment ministers are stressing the importance of taking a “multi-layered” approach to the new international climate finance goal to be agreed at COP29, meaning that the finance should be used in a targeted way that delivers the most to vulnerable countries and communities, according to a leaked draft of their conclusions, seen by Carbon Pulse.
Read MoreFood industry has highest biodiversity impacts in study of 2,300 companies
The food products industry has the largest biodiversity footprint, followed by oil, gas, and chemicals, said a study of the impacts of 2,369 companies published on Wednesday.
Read MoreBRIEFING: CORSIA ‘climate club’ seen as answer to voluntary carbon market demand problem
Market participants see the UN international aviation offsetting scheme as the first step in a voluntary credit demand recovery, and hope that other sectors will be inspired to establish similar carbon-buying clubs in the future.
Read MoreIreland hikes carbon tax on fuels, points revenue towards social and climate measures
Ireland will increase its carbon tax on fuels by €7.50 per tonne every year from now until 2029 and hit €100 per tonne in 2030, the government announced Wednesday in a budget that also allocates money towards delivering “secure, stable, and green” energy infrastructure.
Read MoreGerman asset manager invests in onshore wind farm in Lithuania, brings portfolio to 3 GW
A German asset manager’s fund has made its first renewable energy investment in the Baltics with the purchase of a wind farm project in Lithuania, bringing its portfolio to 3 GW.
Read MoreCarbon methodology platform, insurer partner on risk management, profiling tools
A carbon registry and platform has announced a partnership on Wednesday with an insurer to integrate their services, profiling project risks and advising on risk management techniques.
Read MoreEU to table 2040 climate target plan ‘very early’ next year, official says
The European Commission is preparing to put forward its legislative proposal for a 2040 climate target “very early” in 2025, an official has said, suggesting the EU could be ready to submit its Nationally Determined Contribution (NDC) in time for the UN’s February deadline.
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