UPDATE – EU bows to pressure to delay its anti-deforestation law by one year
The European Commission is moving to postpone its regulation against deforestation by one year, in an attempt to please international partners who repeatedly expressed worries about the impacts of the law on supply chains, it announced on Wednesday.
Read MoreZimbabwe setting up legal framework for ITMO trade -media
Zimbabwe plans to soon boost its carbon market by opening the door to international trade of ITMO credits under Article 6 of the Paris Agreement.
Read MoreGas projects, Safeguard requirements will struggle to co-exist in LNG hotspot, report cautions
An expected supply squeeze in Australia’s carbon credit market is set to create challenges for gas producers in its westernmost state whose major LNG ambitions have few options for meeting Safeguard Mechanism requirements beyond buying offsets or investing in CCS, according to a report released Wednesday.
Read More‘Shortcomings’ in EU’s CRCF could lead to overestimated credits, report says
Flaws in baseline assumptions and inadequate long-term monitoring could lead to overestimated carbon credits under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, previously known as the Carbon Removal Certification Framework, according to new research.
Read MoreNew Forests plans to expand African biodiversity credit preparations
Global forest investor and management firm New Forests is preparing to expand its biodiversity credit baselining work in Sub-Saharan Africa, according to a company executive.
Read MorePipeline of low-emission hydrogen projects at risk, warns the IEA
Expectations of a low-emission hydrogen boom by the end of the decade could be dashed because a “significant part of the project pipeline” faces delays and cancellations, warns the International Energy Agency (IEA).
Read MoreStudy flags shortfalls in compensation for lost protected areas
Existing gaps in compensation for lost or downgraded protected areas (PAs) threaten to hamper the achievement of global biodiversity targets, according to a recent paper.
Read MoreUS de-extinction firm raises $50 mln to launch wildlife protection nonprofit
A US-based biotechnology and genetic engineering firm has secured $50 million to launch a foundation with the aim of driving innovation in species protection, it announced Tuesday.
Read MoreKorean companies to launch N2O project in Egypt, target nitric production
A South Korea-based project developer and a chemical company have teamed up to pursue an N2O project in Egypt in a bid to generate Article 6 carbon credits from reducing emissions associated with nitric production.
Read MoreEU’s upcoming Clean Industrial Deal starts to take shape
Due to be unveiled within 100 days after the new European Commission takes office, the Clean Industrial Deal will focus on five key priorities, and put energy-intensive industries like steel and chemicals in the spotlight, a senior EU official has said.
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