FACA recommends that USDA lay the foundation for a potential carbon bank by first developing a series of pilot projects aimed at:
According to the FACA, this approach will lay essential building blocks for a voluntary carbon bank that creates opportunities for all producers and landowners to participate in rapidly developing voluntary private markets and leverages private investment in agricultural and forestry climate solutions. As USDA develops a carbon bank, it must protect all existing funding for farm bill conservation and insurance programs, and it must ensure that a USDA-led carbon bank doesn't undermine voluntary private markets.
The FACA consists of 70 member organizations representing farmers, ranchers, forest owners, agribusinesses, manufacturers, the food and innovation sector, state governments, sportsmen, and environmental advocates. These groups have broken through historical barriers to develop and promote shared climate policy priorities across the entire agriculture, food and forestry value chains, according to its website.
(Source: FACA, Website PR, 3 Apr., 2021) Contact: FACA, www.agclimatealliance.com
More Low-Carbon Energy News Voluntary Carbon Market, Carbon Emissions, Climate Change, Carbon Bank, Carbon Storage, CCS,
In an effort to build a national ETS, the country has been piloting emissions trading at the regional level since 2011, covering seven provinces and cities including Beijing, Shanghai and Guangdong.
As previously reported, China aims to bring its carbon emissions to a peak before 2030 and become carbon neutral before 2060.
(Source: China Ministry of Ecology and Environment,
China Daily Global, Xinhua, 3 Feb., 2021) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn
More Low-Carbon Energy News China Carbon Markets, China ETS,
The long-delayed scheme is expected to cover 2,267 power plants across China in its first phase and encourage firms to cut their greenhouse gas emissions through the purchase and sale of emission permits. Chinese President Xi Jinping has pledged to bring the country's carbon emission to a peak before 2030 and to reach carbon neutrality around 2060. Chine is presently the world's largest emitter of greenhouse gases.
As reported in Dec., the China Securities Regulatory Commission is considering emissions trading futures to boost green development and help Beijing fulfill its promise to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.(Source: China Daily, Various Others, Jan., 2020)Contact: China Securities Regulatory Commission, www.csrc.gov.cnChinese Ministry of Ecology and Environment, english.mee.gov.cn
More Low-Carbon Energy News China Carbon Markets, China ETS,
As previously reported, China has piloted emissions trading in seven provinces and cities, including Beijing, Shanghai and Shenzhen, since 2011 to explore market-based mechanisms to control greenhouse gas emissions.
(Source: China Securities Regulatory Commission, China.org, Xinhua, 20 Dec., 2020) Contact: China Securities Regulatory Commission,
More Low-Carbon Energy News China Carbon Markets,
Climatetrade brings transparency and traceability into carbon markets with blockchain solutions services to large corporations. Climatetrade and its customers will be use Algorand as its primary infrastructure layer and leverage its carbon offsetting capabilities.
Climatetrade aims to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects.
(Source: Cliamatetrade, Algorand Website PR, 2 Dec., 2020) Contact: Cliamtetrade, Francisco Benedito, CEO, www.climatetrade.com;
More Low-Carbon Energy News Climatetrade, Carbon Offset,
To date, 526 woodland creation projects have registered with the new Woodland Carbon Code, with 40 pct being in Scotland. This represents a doubling of projects compared to the past year alone and these registered projects are predicted to sequester over eight million tonnes CO2 over their lifetime.
"This new joint registry will support nature-based solutions to the climate and biodiversity crises. This builds on our existing support for the domestic carbon market, driven by our Woodland Carbon Guarantee scheme which provides landowners additional long-term income for capturing carbon through new woodlands.
Well-managed woodlands and healthy peatlands play essential roles in helping us to reach net zero, " according to Government Forestry Minister Lord Goldsmith.
(Source: UK Woodland Carbon Registry, FarmingUK, 30 Nov., 2020)
Contact: UK Woodland Carbon Registry -- Woodland Carbon Code,
www.woodlandcarboncode.org.uk; UK Peatland Code, www.iucn-uk-peatlandprogramme.org
More Low-Carbon Energy News Carbon Emissions, Carbon Markets,
Carbon Cap recently launched the World Carbon Fund, a globally diversified fund investing in multiple liquid and regulated carbon markets. The fund pursues an absolute return strategy, seeking to deliver positive returns with a low correlation to traditional and alternative asset classes. It also seeks to have a direct positive impact on climate change.
Quantifi's suite of integrated pre- and post-trade solutions allow market participants to better value, trade and risk manage their exposures and respond more effectively to changing market conditions. (Source: Quantifi, PR, 25 Nov., 2020)
Contact: Carbon Cap, Michael Azlen, Founder and CEO, +44204 5265 480, email@example.com, www.carbon-cap.com;
Quantifi Solutions, Rohan Douglas, CEO, (212) 784-6815 -- NY,
+44 (0) 20 7248 3593 -- London,
More Low-Carbon Energy News Carbon Market, Carbon Cap Management, Carbon Emissions, CO2,
The Ministry has proposed adding the carbon market -- carbon tax to the revised draft Law on Environmental Protection which is expected to be approved by at the upcoming 10th legislative session.
In 2012, Vietnam joined the Partnership for Market Readiness (PMR) which aims to establish carbon markets in developing, emerging countries like Vietnam. Vietnam became a member of the United Nations Framework Convention on Climate Change (UNFCCC) in 1994 and ratified the Kyoto Protocol in 2002.
Vietnam is one of five countries most affected by climate change. If sea levels rise by one meter, one-fifth of the country's population could become homeless and 12.3 pct of farmland could disappear, experts have warned./. (Source: Vietnam Ministry of Natural Resources and Environment, VNA, 5 Nov., 2020)
Contact: Vietnam Ministry of Natural Resources and Environment, (0243) 7956868, (0243) 8359221 -- fax, firstname.lastname@example.org, www.monre.gov.vn/English
More Low-Carbon Energy News Carbon Tax, Vietnam, Climate Change,
SMARTFARM teams will work to design and develop systems to quantify feedstock production life cycle GHG emissions at the field level reliably, accurately, and cost-effectively. Selected projects are capable of delivering a positive return on investment when field-level carbon emissions reductions are connected to associated biofuel carbon markets. The program also focuses on potential economic benefits to feedstock producers and future carbon management markets, potentially complementing yield-based revenues with incentives for input efficiency and restorative practices. This focus will also help to lay the groundwork for market structures to shift away from national averages and toward lower uncertainty field-based estimates for incentivizing efficiency and other services.
Working to make the biofuel supply chain carbon-negative through the removal or sequestration of carbon would greatly improve biofuel's economic and environmental benefits. Achieving reductions in carbon emissions also encourages feedstock producers to adopt new technologies and practices to quantify their impact. SMARTFARM teams are working to develop robust quantification methods through these awards so that management practices can be linked to environmental and economic outcomes simultaneously.
Download SMARTFARM projects funding recipients and details HERE (Source: ARPA-E, Website PR, Sept., 2020) Contact: ARPA-E, Lane Genatowski, Dir., www.arpa-e.energy.gov
More Low-Carbon Energy News ARPA-E, Biofuel, Renewable Fuels,
The Taskforce will work to take stock of existing voluntary offsetting schemes and identify key challenges to scaling them up while helping businesses meet their own commitments and to align with legally binding climate targets in the markets where they operate. It is also hoped the Taskforce will play a role in boosting carbon prices which stood at a global average of $2 per ton in Oct., 2019.
According to Carney , the current market for offsets will need to grow by at least 15-fold by 2030 if the private sector is to align with the Paris Agreement's 1.5C trajectory by 2050. Carney noted it may need to be up to 160 times bigger than in 2020, should corporates rely on offsetting rather than emissions reductions.
(Source: IIF, Taskforce on Scaling Voluntary Carbon Markets, edie, PR, Sept., 2020) Contact: Institute of International Finance, Taskforce on Scaling Voluntary Carbon Markets, email@example.com, www.iif.com/tsvcm/Main-Page/Publications/ID/4061/Private-Sector-Voluntary-Carbon-Markets-Taskforce-Established-to-Help-Meet-Climate-Goals
More Low-Carbon Energy News Institute of International Finance , Carbon Emissions, Carbon Markets,
The EU carbon market is the 28-member trading bloc's flagship policy for cutting greenhouse gas emissions, which it does by forcing power plants, factories and airlines to buy permits to cover some of the pollution they emit.
The EU carbon market covered just shy of 1.6 billion tonnes of carbon dioxide equivalent (CO2e) last year. The Swiss carbon market coveredless than 5 million tonnes of CO2e from industrial facilities in 2019.
(Source: European Commission, europa.eu, Reuters, Aug., 2020)
More Low-Carbon Energy News Carbon Market, EU ETS, Carbon Trading,
The bill creates a certification program at USDA so that farmers and forest landowners can better participate in voluntary carbon credit markets that can help land managers pay for conservation practices, which in turn could help to store carbon in soil, trees, and ecosystem restoration projects.
The bill's lead sponsor, Senator Mike Braun, (R-IN) serving on the Senate Agriculture Committee, is joined by Debbie Stabenow (D-MI), along with Lindsay Graham (R-SC) and Sheldon Whitehouse (D-RI.) The American Farm Bureau Federation, National Farmers Union, National Milk Producers Federation, Environmental Defense Fund, World Wildlife Fund, McDonald's, and Microsoft are among the bill's supporters. (Source: Daily Yonder, 7 July, 2020)
More Low-Carbon Energy News Carbon Credit, USDA, Carbon Credit Market,
On December 13, 2019, the Company announced an Emissions Reduction Benefits Management Agreement (ERBMA) with Lac Seul to develop forest carbon sequestration opportunities in the First Nation's territory in Northwestern Ontario. Under the terms of the ERBMA, AurCrest is the sole and exclusive agent for LSFN to manage and develop projects within LSFN traditional territory to harvest ERBs. AurCrest entered into the CDMA with Bluesource to provide the expertise associated with development and monetizing the carbon offsets.
Bluesource helps forest owners evaluate opportunities and generate value in diverse carbon markets by developing and monetizing offsets on their behalf.
(Source: AurCrest Gold Inc., PR, 11 May, 2020) Contact: AurCrest Gold Inc., Christopher Angeconeb, Pres., CEO, (807) 737-5353,
Ian Brodie-Brown, Dir. Bus. Dev., (416) 844-9969, firstname.lastname@example.org, www.aurcrest.ca; Blue Source Canada, (403) 262-3026, www.bluesource.com
More Low-Carbon Energy News AurCrest Gold, Blue Source Canada, Carbon Offset,
"All of society, from consumers, to businesses, to governments, recognised the need to accelerate global efforts to reduce greenhouse gas emissions," -- Ben van Beurden, CEO,Shell Oil, April, 2020
More Low-Carbon Energy News Carbon Market, EU ETS,
The Family Forest Carbon Program offers a practice-based approach, where landowners are given incentive payments to implement science-based sustainable forest practices guaranteed to produce additional carbon sequestration. This unique, practice-based methodology takes into account the constraints of small forest ownership, yet is more credible and scalable, to allow small landowners to contribute at a landscape level. The program also provides a range of co-benefits that address biodiversity, forest health, water quality, ecosystem resilience and related issues.
Download Family Forest Carbon Program details HERE .
(Source: American Forest Foundation, Sustainable Brands, Mar. Apr., 2020) Contact: Family Forest Carbon Program, Tom Martin,
President & CEO, 202-765-3472,
More Low-Carbon Energy News American Forest Foundation, Carbon Credits, ,
"Some countries are championing double counting and pre-2020 rollovers... they are undermining environmental integrity” -- Grenada Environment Minister
"It's time to move on.
Countries that are serious about using carbon markets to increase ambition should move forward to set their own strong rules for high integrity international emissions trading." -- Nat Keohane, Snr. VP Climate, US Environmental Defense Fund.
(Source: Various Media, Montel, 17 Dec., 2019)
More Low-Carbon Energy News COP25,
"It's up to each individual entity, but the innovation of taking advantage of low-carbon markets. I think if we can differentiate ourselves within the state of North Dakota, to take advantage of those and be long survivors in this industry." - Gerald Bachmeier, CEO, Red Trail Energy (Source: Red Trail Energy, West Dakota Fox, 5 Oct., 2019) Contact: Red Trail Energy, 701-974-3308, www.redtrailenergy.com
More Low-Carbon Energy News RFS, "Hardship" Waiver, Ethanol.Ethanol Blend, Iowa Renewable Fuels Association, Red Trail Energy,
The Index tracks the performance of the largest, most liquid and most accessible tradable carbon markets -- the European Union Emission Trading System (EU ETS), the California Cap-and-Trade Program, and the Regional Greenhouse Gas Initiative (RGGI). The index is calculated using OPIS data and carbon credit futures pricing in those markets.
The IHS Markit Global Carbon Index was developed in consultation with Climate Finance Partners, a specialist in climate finance.
IHS Markit is also well known for its daily OPIS Carbon Market Report, national carbon policies database and for developing industry standard methodologies for greenhouse gas accounting and disclosures. Its research and expertise on carbon policy impact, low-carbon and cleantech technologies and carbon risk management guide companies in energy, petrochemical, automotive, shipping, agriculture and other sectors critical to the global economy.
(Source: IHS Markit , 25 Sept., 2019)
Contact: IHS Markit, www.ihsmarkit.com
More Low-Carbon Energy News RGGI, EU ETS, IHS Markit Carbon Market, Carbon Credit,
To that end, the company's strategic plan for the second half of fiscal year 2019 includes:
completion of the next round of funding for Entrex Carbon Markets and other partnerships;
moving from strategic startup phase to functional operating phase by Q4 2019;
recruiting the necessary executive leadership; take steps to develop first entry into Diversified Solar Utility;
formalize investor relations efforts to stay in front of news cycles and improve accountability to shareholders; and
target upgrading the stock from OTC Pink to OTC QB within the next 18 months. (Source: Universal Solar Technology Inc., PR, EIN, 12 July, 2019) Contact: Universal Solar Technology Inc., Paul D. Landrew,
(832) -229-7046, www.universalsolartechnology.com
More Low-Carbon Energy News Universal Solar Technology, Solar,
In June alone, the trading at nine carbon markets across the country were up 81.3 pct and 38.3 percent month on month, respectively, Xinhua said.
(Source: China Ministry of Ecology and Environment, Xinhua, 11 July, 2019) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn
More Low-Carbon Energy News China Carbon Market, China Cap-and-Trade,
Climate Change has been widely recognized as one of the greatest challenges for and threats to society. However, placing a cost on emitting CO2 has been limited to regional markets that are not interconnected, with the price paid by emitters being insufficient to incentivize investment in cleaner technologies.
Spark Change has created a transformational financial instrument, Spark, that integrates regional carbon markets into a single product, simultaneously allowing investors to gain exposure to a global carbon price and forcing emitters to invest in cleaner technologies and accelerate the reduction in emissions.
Spark Change's Cloud-based CTRM platform gathers live pricing information via regional integrations with exchanges across Europe, North America and soon China. Smart contracts are used to calculate a global carbon price using the weighted emissions per GDP of each of these regions, and the proceeds from every investment in Spark used to automatically execute the purchase of emission allowances from across the regional markets. The distributed ledger allows reconciliation of the number of Spark held by investors with the number of emissions allowances being held in reserve, creating a one-to-one asset backed financial instrument.
(Source: Spark Change; PR, May, 2019) Contact: Spark Change, Joff Hamilton-Dick, CEO, www.sparkchange.io; BJSS, www.bjss.com
More Low-Carbon Energy News Climate Change, Carbon Emissions,
The fund also aims to offset the carbon footprint of the investment strategy, which is achieved through the use of Verified Emission Reductions certificates from the Kasigau Corridor REDD+ project, which is based in south east Kenya. The project protects more than 200,000 hectares of endangered dryland forest.
The launch of this latest Ucits funds is in line with BNP Paribas AM's Global Sustainability strategy, which includes the plan to reduce the environmental impacts of its operations.
Paris, France-headquartered BNP Paribas S.A. is the world's 8th largest bank by total assets and currently operates in 77 countries. (Source: BNP Paribas, CityWire Selector, 29 Mar., 2019) Contact: Bank BNP Paribas, Neven Graillat, Chief Sustainability Product Officer at BNP Paribas Global Markets said: ‘The management of risks relating to www.group.bnpparibas/en
More Low-Carbon Energy News BNP Paribas, Carbon Footprint, Carbon Markets,
According to the Minister, the EU would be keen to integrate the two carbon markets, despite the fact formal talks on the issue will not start until the UK has resolved the current parliamentary stand-off over the Withdrawal Agreement.
The UK is one of the largest participants in the continent-wide EU ETS which has been widely credited with helping to drive down emissions across the 28-member bloc.(Source: UK Energy and Clean Growth Minstry, BusinessGreen, 28 Feb., 2019) Contact: U.K. Energy and Clean Growth Minister, www.gov.uk/government/ministers/minister-of-state-minister-for-energy
More Low-Carbon Energy News Claire Perry, EU ETS, Aviation Emissions,
Funded by ADB, the Government of Germany, and the Swedish Energy Agency, the facility will provide technical, capacity building, and policy development support to help the DMCs meet Article 6 of the Paris Agreement under which countries voluntarily committed to lower their carbon emissions.
The Article 6 Support Facility is intended to help DMCs achieve expertise, draw lessons from pilot activities, and enhance their preparedness for participation in carbon markets beyond 2020, while contributing to international negotiations.(Source: ADB, Modern Diplomacy, 8 Dec., 2018) Contact: Asian Development Bank, +63 2 632 4444, www.adb.org
More Low-Carbon Energy News Paris Climate Agreement, Asian Development Bank, Climate Change, Carbon Emissions,
"The 2018 edition of the report focuses exclusively on data and information on the evolving initiatives that put a price on carbon, in terms of their most current status and emerging trends. It includes an expanded discussion on what the trends are telling us about the underlying motivations of and the direction the world is moving in when it comes to carbon pricing.
"The growing momentum for carbon pricing and the increasing prevalence of the topic in climate change discussions in recent years take us in a new direction for the report. More national and sub-national jurisdictions and private sector entities are adopting carbon pricing.
"This report also includes a reflection on the engagement of non-state actors on climate action and carbon pricing -- a development that characterizes the implementation phase the world has embarked on since the adoption of the Paris Agreement. The inclusion of internal carbon prices in business operations, and how this is incentivizing action on climate change, has raised the need to expand the focus to include an important discussion on how carbon pricing is considered in other economies and the indirect measures taken to provide a carbon price signal."
Download the World Bank Group State and Trends of Carbon Pricing 2018 report at www.openknowledge.worldbank.org/handle/10986/29687.
Download an online dashboard to complement the publication HERE. (Source: World Bank Group, May, 2018)Contact: World Bank Group, www.worldbank.org
More Low-Carbon Energy News World Bank, Carbon Price,