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EU clean tech chief pushes back against lowering ETS emissions cap
Teresa Ribera, the EU’s clean technology chief, is at odds with European Commission President Ursula von der Leyen over how steeply carbon allowances under the EU’s Emissions Trading System (EU ETS) should decline each year, according to multiple sources.
Biodiversity finance narratives shape market-oriented conservation approaches -study
The dominant narratives surrounding biodiversity finance increasingly frame conservation through innovation and market-based approaches therefore shaping how biodiversity protection is governed and understood, according to a recent study published in Environmental Sociology.
Major AI governance frameworks ignore risks to nature
Two influential blueprints for governing Artificial Intelligence cover national security, job security, and human freedom, but fail to address AI’s vast potential to accelerate resource extraction and the destruction of nature, a campaign group said during the UN’s inaugural dialogue on AI governance in Geneva this week.
Verra moves ahead with tighter soil carbon rules for sustainable grasslands credits
Sustainable grasslands carbon projects under a revised Verra methodology would need to validate soil carbon models against changes over time, rather than one-off stock measurements, according to a Tuesday announcement.
Euro Markets: EUAs give up Monday’s gain amid steady day-long selling, as gas jumps on tanker attack
EU carbon allowances gave up all Monday's price gains from Tuesday and more, as sellers came to the fore despite the approaching reduction in EU auction volumes as the REPowerEU programme is expected to end on Thursday, while energy markets rallied after an LNG tanker was attacked overnight.
WCI compliance instrument surplus edges up slightly in Q2
The compliance instrument surplus for the California-Quebec ETS edged less than half a percentage point higher in Q2 than the previous quarter, state data showed.
Verra signs capacity building agreement with Argentine province, looks to support international transfers
The government of Argentina's Misiones has signed a memorandum of understanding (MoU) with Verra to strengthen the province's technical capacity to participate in international carbon markets, following the standard's recent approval of its landmark jurisdictional forest carbon programme.
Non-profit challenges California regulator’s approval of ETS amendments
California regulator ARB's recent approval of new Cap-and-Invest rules is facing a legal challenge over a non-profit's claim that the agency did so without adequately analysing environmental and fiscal impacts of the amendments.
Canadian province advances biodiversity conservation projects, protecting an additional 127,000 ha
A Canadian province is moving ahead on three massive land conservation recommendations, protecting approximately 127,000 hectares of vital watershed and wildlife ecosystems.
mCDR company hands off US pilot project to philanthropic initiative
A marine carbon removal (mCDR) company has handed over its US pilot project to a philanthropic initiative, which has a new goal of establishing a non-profit research hub in the region.