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The research reviewed the nascent economic literature on the governance of carbon dioxide removal (CDR) and discussed policy design and institutions. It assessed CDR's role in climate policy portfolios and highlighted cost-saving technological progress that could make CDR a game changer. The research also addressed challenges in CDR governance, such as non-permanence of carbon storage and default risks.
CEPR Discussion Papers
January 07, 2025
The US Department of Agriculture (USDA) announced the appointment of 36 members to the Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program Advisory Council. The council will advise the Secretary of Agriculture on methods used in voluntary environmental credit markets and ways to reduce barriers to entry. At least fifty-one percent of the council must be active farmers, ranchers, or private forest landowners.
usda.gov
January 07, 2025
Chile has received $5.1 million from the World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing 1.03 million tons of carbon emissions from deforestation and forest degradation. This is the first payment under Chile’s Emission Reductions Payment Agreement (ERPA) with FCPF, which provides up to $26 million for reducing 5.2 million tons of emissions. The program spans six regions and helps restore ecosystems while supporting communities to build climate resilience. The program also benefits from over $60 million from the Green Climate Fund.
worldbank.org
January 06, 2025
Brazil-based InPlanet and Isometric announced the world’s first delivery of verified Enhanced Rock Weathering (ERW) carbon removal credits. The credits, corresponding to InPlanet’s Serra da Mantiqueira project in São Paulo, were verified by Isometric and delivered to Adyen, facilitated by ClimeFi. This milestone introduces a new, high-quality, permanent carbon removal credit format to the voluntary carbon market.
inplanet.earth
January 06, 2025
\"The Financial Markets Standards Board (FMSB) in the UK has published a consultation on its statement of good practice for the governance of sustainability-linked products (SLPs). SLPs are financial products whose characteristics vary depending on whether users meet sustainability or ESG objectives. The statement aims to improve SLP quality, boost market confidence, mitigate greenwashing, and develop a more robust SLP market. It applies to service providers and users in wholesale financial markets and complements existing asset-class guidance.\"
A&O Shearman - JD Supra Law
January 03, 2025
\"A proposal for a single Global Cap-and-Trade Scheme to reduce global CO2 emissions has been put forward. The scheme would regulate upstream fossil fuel entities, aiming for steadily decreasing global emission limits and a global carbon-neutral economy. It proposes a fully auctioning upstream-type regulatory scheme with a single market of international allowance, generating potentially a trillion-dollar auctioning proceeds stream for financing SDGs.\"
EarthArXiv
January 03, 2025
Canadian agri-tech company Hempalta acquired full ownership of the Hemp Carbon Standard (HCS) for $63,544 (CAD90,000). HCS, a digital carbon platform, certifies carbon capture through regenerative agriculture and other methods, sequestering 15,325 tonnes of CO2 in 2023 and aiming for 50,000 tonnes in 2024. The acquisition enhances Hempalta’s capacity to deliver carbon credits derived from industrial hemp farming and scale its sustainability programs globally.
DGB Group
January 02, 2025
Bloomberg L.P. and Viridios Group completed a strategic transaction. Ownership of Viridios AI’s carbon credit data and analytics was transferred to Bloomberg. Several Viridios AI team members joined Bloomberg.
viridioscapital.com
January 02, 2025
US-based Morgan Stanley has disclosed its activities in the California voluntary carbon market, including its commitment to carbon-neutral operations (achieved in 2022 and 2023) and net-zero financed emissions by 2050. The company also detailed its use of VCOs from various registries (Verra, Gold Standard, Climate Action Reserve, American Carbon Registry) for carbon neutrality and provided links to relevant project information.
morganstanley.com
January 01, 2025
Switzerland-based Climeworks has shared its 2024 milestones including the inauguration of Mammoth (world's largest Direct Air Capture plant), Project Cypress development in Louisiana, launch of Climeworks Solutions portfolio offering, certification under Puro Standard, and unveiling of Generation 3 technology. The company's Project Cypress, awarded USD 50 million by U.S. DOE, aims to capture 1 million tons of CO₂ annually when complete. The new Generation 3 technology promises to reduce carbon removal costs by up to 50% compared to current costs.
climeworks.com
December 17, 2024
The European Securities and Markets Authority (ESMA) has published a feedback statement on the selection criteria for consolidated tape providers (CTP). One of the five criteria is resilience, cyber-risk, and energy consumption. ESMA will launch selection procedures for bonds CTP on January 3, 2025, and for equity CTP in June 2025.
A&O Shearman - JD Supra Law
December 30, 2024
UK-based Teesside University and Scott Bros have partnered to develop an innovative soil mixture for carbon sequestration using an enhanced rock weathering (ERW) technique. The project, funded by Innovate UK, integrates AI and IoT technologies for enhanced monitoring and reporting of carbon captured in the soil. This aims to revolutionize carbon sequestration, particularly in urban and industrial areas, and create new opportunities in the carbon credit market.
DGB Group
December 30, 2024
The first global stocktake under the Paris Agreement to assess implementation and progress towards achieving its long-term goals was completed in 2023. The technical dialogue resulted in 17 key findings across mitigation, adaptation, loss and damage, means of implementation and support, and finance flows, informed by the best available science and equity considerations. These findings informed the political outcome of the global stocktake and highlighted the importance of the technical dialogue for ratcheting up climate ambition.
Nature Climate Change
December 30, 2024
Germany-based ClimateTech startup PyroCCS has built two biochar plants in Namibia, each producing 1,000 tons of biochar annually. The company aims to build 400 plants by 2030, creating nearly 10,000 jobs and generating 2,000 tons CO2eq carbon credits per year per plant. PyroCCS also works in India, partnering to produce biochar from agricultural waste.
biochar-international.org
December 27, 2024
The Maldives held a stakeholder consultation workshop on Adaptation Tracking and Nationally Determined Contributions (NDC 3.0) in Sh. Funadhoo on December 26, 2024. The workshop, under the Capacity Strengthening for Improved Transparency of Climate Change Mitigation and Adaptation Actions in the Maldives (CBIT Maldives) project (funded by the GEF and supported by UNEP), gathered input from 20 participants on developing adaptation tracking for the agriculture sector and the NDC 3.0 process, focusing on strengthening adaptation and mitigation.
Ministry of Climate Change, Environment and Energy | Republic of Maldives
December 26, 2024
The Institute for Global Environmental Strategies (IGES) in Japan has published a preprint reviewing the attribution of CO2 reductions for CCU fuels. The paper analyzes current issues, proposes solutions for counting CO2 emissions from CCU fuels, and suggests approaches for international rule-making involving the IPCC, ISO, EU, and UNFCCC.
EarthArXiv
December 26, 2024
US-based NOAA’s Atlantic Oceanographic & Meteorological Laboratory (AOML), in partnership with Compagnie du Ponant and other organizations, conducted research in the Arctic to monitor the ocean’s uptake of carbon and ocean acidification. The research involved collecting water samples at various depths and analyzing them to measure pH, alkalinity, and dissolved inorganic carbon. This data contributes to the Surface Ocean CO2 Reference Observing Network (SOCONET) and the Global Ocean Observing System (GOOS).
aoml.noaa.gov
December 26, 2024
The Integrated Transport Centre (Abu Dhabi Mobility) and Abu Dhabi Maritime, both part of AD Ports Group, launched MARSDNA, a digital tool developed by Maqta Technologies Group. This tool helps maritime businesses measure their ESG performance against national and international metrics and provides recommendations for improvement. The initial rollout focuses on five key segments of the maritime sector value chain.
adportsgroup.com
December 26, 2024
The Environment Agency – Abu Dhabi (EAD) launched an international standard carbon Measurement, Reporting, and Verification (MRV) programme. The MRV programme aims to enable accurate tracking of greenhouse gas emissions, laying the groundwork for a successful carbon pricing mechanism and aligning local efforts with global best practices. Large carbon-emitting facilities will be required to monitor, report, and verify their emissions annually, with the first reports due in 2026.
Abu Dhabi Government
December 25, 2024
The Maldives has signed a contract with Ritariworks Pvt Ltd to enhance the data management system of its transport sector for the preparation of GHG inventories. This is part of the Capacity Building for Improved Transparency of Climate Change Mitigation and Adaptation Actions in the Maldives (CBIT Maldives) project, funded by the Global Environment Facility (GEF) and implemented with support from the United Nations Environment Programme. The project aims to improve data quality and management for GHG inventories, and ensure transparent reporting to the UNFCCC.
Ministry of Climate Change, Environment and Energy | Republic of Maldives
December 22, 2024