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Published 12:20 on August 16, 2024 / By ypmin / Australia/NZ, Compliance, Policy, Nature, Voluntary
Compliance
Australia/NZ
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A cap on the use of Australian Carbon Credit Units (ACCUs) by facilities covered by the Safeguard Mechanism would strengthen the policy and build investor confidence, research from EY released Friday found.
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Published 12:13 on August 16, 2024 / By ypmin / Africa, EMEA, International, Nature, Voluntary
Nature-based
Voluntary
Africa
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A joint venture between a carbon removal developer and a European energy major has secured an agreement to deliver 50,000 tonnes of carbon dioxide removals (CDRs) from a biomass storage project in Namibia.
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Published 11:25 on August 16, 2024 / By ypmin / Africa, Americas, Asia Pacific, EMEA, International, Voluntary
International
Voluntary
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A recently released study estimates that a key metric used to calculate emission reductions from cookstove projects in the voluntary carbon market (VCM) has systematically overstated their climate impact, but experts argue this metric itself fails to address underlying structural flaws in the methodologies.
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Published 10:39 on August 16, 2024 / By ypmin / Americas, Central/South America, International, Nature, Policy, Voluntary
Central/South America
Nature-based
Voluntary
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Colombia is currently overhauling its domestic voluntary carbon market (VCM) and registry framework, and the draft policy indicates that the government aims to tighten project rules, though stakeholders argue it's too detailed in some areas and too vague in others.
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Published 00:23 on August 16, 2024 / By ypmin / Americas, California, Compliance, North America
California
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California cap-and-trade covered emissions from imported electricity hit their highest level since the system's launch last year, data released Thursday showed, primarily driven by a drop in hydro generation across the Pacific Northwest.
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Published 23:25 on August 15, 2024 / By ypmin / Aviation/CORSIA, Compliance, International, Policy, Voluntary
Aviation/CORSIA
Voluntary
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US-based carbon registry Climate Action Reserve (CAR) published criteria Thursday detailing insurance requirements for project developers to guarantee credits for use in CORSIA, aiming to address the UN aviation scheme's integrity requirements.
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Published 18:22 on August 15, 2024 / By ypmin / Africa, Americas, Asia Pacific, Central/South America, EMEA, International, Policy
International
Policy
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As countries start preparing to submit new UN climate pledges – known as Nationally Determined Contributions (NDCs) – early next year, analysis shows that the ones that have yet to do so account for nearly a quarter of global greenhouse gas (GHG) emissions.
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Published 18:20 on August 15, 2024 / By ypmin / Americas, North America, Policy, US
North America
Policy
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The US Treasury and Internal Revenue Service (IRS) released a notice Thursday establishing a safe harbour allowing taxpayers to rely on the regulatory provisions of the 45Q carbon capture credit.
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