Oil demand from shipping sector to peak by mid-2020s -consultancy

Published 15:13 on August 22, 2024  /  Last updated at 15:13 on August 22, 2024  / /  EMEA, EU ETS, International, Shipping

Demand for fuel oil from the maritime sector is expected to peak by the mid-2020s, displaced in large part by LNG and increasingly efficient ships, according to a global energy consultancy.

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Study flags gaps in technologies used for monitoring biodiversity credit projects

Published 14:46 on August 22, 2024  /  Last updated at 14:48 on August 22, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA, International

Monitoring technologies commonly mentioned in biodiversity credit methodologies still have limitations that experts should take into account when engaging in nature markets, a study has said.

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INTERVIEW: Biodiversity net gain exemptions “strangling demand”

Published 14:35 on August 22, 2024  /  Last updated at 14:35 on August 22, 2024  / /  Biodiversity, EMEA

Questionable exemptions for developers from England’s biodiversity net gain (BNG) rules are throttling demand for the market, a lawyer at Environment Bank has said.

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BRIEFING: Ecuadorian bill poised to open country to carbon markets

Published 14:13 on August 22, 2024  /  Last updated at 14:13 on August 22, 2024  / /  Americas, Nature-based, South & Central, Voluntary

An Ecuadorian legislative committee’s approval of reforms to the country’s environmental code means it has cleared the last major hurdle to legalising carbon markets, according to an industry attendee speaking to Carbon Pulse, hastening a regulated voluntary market and carbon-financed national conservation fund.

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INTERVIEW: Voluntary carbon credits used to fund US food waste diversion project

Published 14:00 on August 22, 2024  /  Last updated at 09:03 on August 22, 2024  / /  Americas, US, Voluntary

A project to divert food waste from landfill and incineration has launched in the US, where the sale of voluntary carbon credits will incentivise grocers to redirect edible waste food to donation centres, according to the developer.

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Human-wildlife overlap to increase across over half of land by 2070, study says

Published 13:58 on August 22, 2024  /  Last updated at 13:58 on August 22, 2024  / /  Biodiversity, International

The overlap between humans and wildlife is expected to grow across more than half of land worldwide by 2070, with potentially grave implications for habitat and species conservation, a paper has said.

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Japan backs Indonesia’s energy transition vision

Published 11:09 on August 22, 2024  /  Last updated at 11:09 on August 22, 2024  / /  Asia Pacific, Japan, Other APAC

Indonesia and Japan have agreed to carry out a broad decarbonisation programme for the Southeast Asian country’s energy sector, with multiple research projects in the pipeline. 

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New technology for ridding potent greenhouse gas emissions eyes market for voluntary carbon credits

Published 10:27 on August 22, 2024  /  Last updated at 10:28 on August 22, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

A multinational energy company has unveiled a new technology that aims to tackle power industry emissions of sulfur hexafluoride, which is 24,300 times more potent than CO2, with an eye on creating a voluntary carbon methodology for projects in the future.

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Carbon removal verifier issues credits to US corporations

Published 10:01 on August 22, 2024  /  Last updated at 10:19 on August 22, 2024  / /  Americas, International, Voluntary

A carbon dioxide removal (CDR) firm has issued a swathe of credits to a series of large US corporations in what it described as a turning point for carbon markets. 

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Australia’s Climate Active sees another departure

Published 09:52 on August 22, 2024  /  Last updated at 09:52 on August 22, 2024  / /  Asia Pacific, Australia, Voluntary

Another Australian company this week announced a decision to look more closely at changing the way it tackles net zero with a plan for only “limited” use of carbon credits and a plan to leave the government’s Climate Active programme.

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