Cryptocurrency company sues New York for denial of its power plant renewal permit
A bitcoin mining company has sued New York for denying a permit renewal to its natural gas-fired power plant, due to its associated emissions, under the state’s flagship climate law.
Read MoreWCI Q3 auction settles at lowest in 18 months, sparking volatility in secondary market
The Q3 California-Quebec current vintage carbon auction settled at nearly a $3 discount to secondary market prices, well below trader and analyst expectations, sending secondary market California Carbon Allowance (CCA) futures in a volatile spin.
Read MoreIndia needs cheaper battery costs to help transition away from coal to renewables -report
India’s power transition away from coal is highly sensitive to the rate at which battery project costs decline, according to analysts.
Read MoreEuro Markets: EUAs and TTF gas slide heavily as position data shows funds cutting carbon short, boosting gas length
European carbon allowance prices fell back after early strength on Wednesday was unwound when the weekly position data showed investment funds significantly cut their bearish bets, suggesting that the risk of a short squeeze has receded, while boosting their long positions in natural gas.
Read MoreEmissions cap should be maintained if carbon removals included in UK ETS, say consultation respondents
Industry and NGOs backed the UK government’s proposal to maintain the gross emissions cap if greenhouse gas removals (GGRs) are included in the UK ETS, and argued their inclusion could incentivise their uptake but additional support will still be needed, according to responses to a government consultation.
Read MoreRegenerative agriculture finance to mobilise at scale in 2025, says executive
Large amounts of money will begin to flow into regenerative agriculture around the world next year, as organisations become more comfortable with the financing, an executive at Pollination has predicted.
Read MoreInternational emissions trading and carbon removal deployment go hand in hand, argues report
Driving international emissions trading of carbon removal (CDR) credits can balance out geographical differences, such as storage suitability occurring in some regions and not others, and, when combined, can significantly scale new technological capacity and bring down costs, according to a new report.
Read MoreUS state agency delivers five-year plan to boost biodiversity protection
A Massachusetts state agency has released a five-year plan for preserving nature in the region, aiming to double its land protection efforts and implement restoration activities in water ecosystems by 2030.
Read MoreReforester in Ghana signs deal with carbon financier to boost credit supply
A carbon financier has gained exclusive access to 371,000 voluntary credits from reforestation projects in Ghana, which can now provide Internationally Transferred Mitigation Outcomes (ITMOs) to Singapore, it said Wednesday.
Read MoreSouth Korea bets on OECMs in updated biodiversity plan to achieve marine conservation target
South Korea has published its updated National Biodiversity Strategy and Action Plan (NBSAP), outlining actions to scale up nature conservation efforts, including expanding Other Effective area-based Conservation Measures (OECMs) to bridge the country’s huge gap in marine protection.
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