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US projected to reduce power sector emissions by two-thirds despite Trump-era rollbacks -study
Despite the rollback of incentives to decarbonise power generation during the recent Trump administration, the US energy sector remains on track to reduce GHG emissions from 2025-35, according to new academic research.
Utilities giant flags water scarcity, waste management as key nature-related business risks under TNFD
A French-headquartered utilities company has identified water withdrawals, resource regeneration, and hazardous waste management as some of its most material nature-related dependencies, impacts, and financial risks in its latest Taskforce on Nature-related Financial Disclosures (TNFD) assessment.
Brazil proposes up to 50 MtCO2e in ITMO transfers through 2031-35 in draft resolution
The Brazilian government has proposed authorising up to 50 million tonnes of CO2e in Internationally Transferred Mitigation Outcomes (ITMOs) for international transfer during 2031-35, according to a draft resolution published on Tuesday.
International think tank publishes simulator to support governments designing carbon market frameworks
An international advisory company and think tank announced on Tuesday a new scenario-based simulation model to help governments designing their own carbon market frameworks.
Environmental groups urge DRC to pause carbon market law, warning over governance risks
Environmental groups in the Democratic Republic of the Congo (DRC) have called on the government to halt its proposed carbon market legislation, warning that the draft law risks undermining existing governance reforms and investor confidence by advancing without sufficient consultation.
Researchers urge rethink of Paris ‘well below 2C’ target interpretation to avoid ambition drift
Climate researchers have proposed a new way of interpreting the Paris Agreement's commitment to keep global warming "well below 2C", arguing that the widely used practice of expressing the target as a probability of staying below the threshold could gradually weaken climate ambition as scientific uncertainty declines.
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.