Partnership to provide best practices guidance, advance voluntary carbon market in Yucatan
The Voluntary Carbon Market Integrity Initiative (VCMI), in collaboration with the Yucatan government and global advisory firm Climate Focus, has announced a new partnership to establish best practice guidelines for voluntary carbon market (VCM) projects in the Mexican state.
Read MoreAfrican Union to develop ‘Gold Standard’ for carbon offsets
The African Union Development Agency is looking for a consultancy service to develop an optimum standard for voluntary carbon offsets in Africa, to be labelled the ‘African Gold Standard’.
Read MoreEuro Markets: EUAs unwind two days of losses as sellers retreat and natural gas prices jump
European carbon allowance prices rose steadily on Tuesday, wiping out the last two days of losses and surging by more than €1 in the final hour, as the selling activity that dominated Monday’s session was largely absent and gas prices rallied as the new benchmark TTF contract month began.
Read MoreDurable carbon removal sales decline for third consecutive quarter
Durable carbon removals (CDR) saw their sales fall for the fourth consecutive quarter in Q1, according to a report.
Read MoreBRIEFING: UK regional airports take first steps to develop hydrogen infrastructure
Regional airports in the UK are taking steps to develop the infrastructure behind hydrogen-powered flight, as they seek to support the decarbonisation pathway best suited to their short-haul customer base, participants heard on a webinar on Tuesday.
Read MoreEU’s over-subscribed hydrogen bank auction awards €720 mln to seven projects
The EU ETS-funded European Hydrogen bank has awarded nearly €720 million to seven renewable hydrogen projects, following its first competitive bidding process, the European Commission announced on Tuesday.
Read MoreEU to take action against 20 airlines on greenwashing concerns
The European Commission, together with its 27 member states’ consumer authorities, has initiated action against 20 airlines to look at potential greenwashing practices, including the use of voluntary carbon credits, the executive announced on Tuesday.
Read MoreG7 confirms commitment to end coal power by 2035, amid steps to help shift away from fossil fuels
G7 ministers confirmed their commitment to phase out unabated coal power generation by 2035, in a joint statement on Tuesday setting out how they intend to support and lead the global agreement to transition away from fossil fuels and sale up clean energy.
Read MoreBRIEFING: Fourth round of UN plastic talks closes amid disappointment due to insufficient progress
The latest round of negotiations on the UN plastic treaty wrapped up on Monday with shy steps forward on the draft text, due to be finalised by the end of the year, though observers levelled criticism over the lack of progress on production cuts and funding mechanisms.
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