Mexican non-profit plans to earn biodiversity, carbon credits for spider monkey reintroduction
A Mexican non-profit has partnered with a France-based environmental company to launch a biodiversity and carbon credit project aimed at reintroducing spider monkeys on a 600-hectare area in Mexico, Carbon Pulse has learned.
Read MoreCN Markets: CEAs drop to one-month low, weekly trading volume picks up
Permits in China’s national emissions trading scheme (ETS) fell below the 90 yuan ($12.61) mark over the past week, hitting their lowest level in a month, though trading activity picked up significantly to end the week with more than 2 million units changing hands.
Read MoreAustralia offers another A$200 mln to aid Great Barrier Reef
The Australian government will spend an additional A$192 million ($129 mln) to improve and protect the Great Barrier Reef’s water quality in order to prevent bleaching events and aid recovery when they do occur.
Read MoreINTERVIEW: Developers unclear on how to source biodiversity net gain units
The rules for buying offsite units to comply with England’s biodiversity net gain (BNG) requirements aren’t clear enough for developers currently, with some local authorities better equipped to advise on the market than others, according to a sustainability consultancy working with large building clients.
Read MoreCarbon pricing among key policy levers needed for climate success, finds report
Carbon pricing is a key policy tool to ensure climate success, especially when combined with subsidies for clean energy and effective regulation such as state-induced coal phaseout, according to an international report published this week.
Read MoreChina suspends steel capacity replacement plans
China’s industry ministry has instructed all regions to cease issuing new steel capacity replacement plans, a move that could change the dynamics in the oversupplied and ETS-destined market.
Read MoreTaiwan urged to stop financing fossil fuels through public funds
Taiwan should make it mandatory for public funds to consider climate risks in their investment and financing decision-making and include a timeline for their divestment from fossil fuels, an environmental group has urged.
Read MoreNZ Market: NZU price finishes the week at five-month high
The New Zealand carbon market finished the week trading at a five-month high on the back of the government’s decision to drastically cut the number auction volumes next year, with over 1.7 mln units traded on the spot market this week.
Read MoreAustralian Senate passes mandatory climate reporting legislation
The Australian federal government on Thursday passed legislation on mandatory climate reporting, which it said would provide greater clarity to investors and boost investment in the net zero transformation.
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