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EU’s NDC stuck in limbo, pending agreement on 2040 climate target
The European Commission says its forthcoming 2040 climate plan will "inform" the bloc's next Paris Agreement commitment for 2035, but questions persist on how the figure will be decided, as no method has yet been agreed or even discussed publicly. Read MoreTop
EU risks falling short on its 2030 climate goal, warns European Commission's in-house research arm
The EU is at risk of missing its 2030 climate goal of cutting net emissions 55% below 1990 levels, the European Commission’s Joint Research Centre (JRC) warned in a report that was quietly posted online just over a week ago. Read MoreTop
Nearly 150 organisations call for clarity on biomethane certificates in GHG Protocol
A total of 144 companies and trade associations globally have urged the leadership behind the GHG Protocol to clarify the role of market instruments for renewable gases in the organisation's Scope 1 inventory, saying a rapid deployment of biomethane is needed to meet climate goals. Read MoreTop
PREVIEW: Article 6 methodological work underway as focus switches to implementation
The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting. Read MoreTop
Euro Markets: Midday Update
EU carbon jumped on Monday morning, amid sharply higher energy prices after the latest forecasts showed colder weather across the region, boosting the call on thermal power generation, while UKAs rose to a new eight-month high. Read MoreTop
French investor announces coalition to support €350 mln NbS fund
A French asset manager announced last week a coalition of investors and partners to support its €350 million natured-based solutions (NbS) fund focused on sustainable agriculture. Read MoreTop
DATA DIVE: UN postpones 2035 NDC deadline after few countries submit plans on time
The UN has pushed the deadline for the submission of new Nationally Determined Contributions (NDCs) to September, after just a handful of countries sent them in ahead of the initial date of Feb. 10. Read MoreTop
Strong Swiss majority rejects environmentally responsible consumption initiative
Switzerland has rejected the proposed Environmental Responsibility Initiative to rein in the country’s consumption levels in line with planetary boundaries, with a strong majority of almost 70% in a popular vote held Sunday. Read MoreTop
China expands electricity market coverage, deepens power sector reforms
China has integrated on-grid renewables into the nation's electricity market as its latest attempt to deepen the country's power sector reforms, a process expected to make the market more sensistive to carbon pricing signals. Read MoreTop
ID Market: January sees increase in IDX traded volumes, but questions remain over int'l credits
Activity on Indonesia’s National Carbon Exchange (IDX Carbon) saw a jump in January, partly thanks to the commencement of international carbon credit trading on the platform, however questions linger over key elements of the scheme. Read MoreTop
Brazil issues decree for Indigenous, traditional access to public forests
An interministerial decree in Brazil released this week seeks to regularise access to undesignated federal public forests in the Legal Amazon for Indigenous and traditional communities. Read MoreTop
Mangrove restoration offers up to 15:1 benefit-cost ratio, researchers estimate
Restoring mangrove forests could generate billions of dollars in economic and climate benefits, with a global benefit-cost ratio (BCR) as high as 15 to 1, according to a new study. Read MoreTop
INTERVIEW: Energy transition payments make fertile ground for carbon pricing
The $5.2 billion Clean Technology Fund (CTF) is helping to sensitise developing country governments to carbon pricing by supporting energy transition finance and programming, according to an executive at the organisation. Read MoreTop
Uncertainty as EU delays CO2 transport and storage package until 2026
Initially expected in 2025, the European Commission has decided to push back its regulatory package for CO2 transport and storage infrastructure until next year, causing uncertainty for carbon capture and storage (CCS) projects, the industry has said. Read MoreTop
