Malaysia set to include compliance carbon market in national carbon policy
The Malaysian government is conducting a study on its national carbon market policy which aims to support both compliance and voluntary carbon markets in the country, the natural resources and environment minister said Monday.
Read MoreUPDATE – EU waters down green farming policies in bid to appease farmers
The European Commission finalised a series of legislative proposals that would cut back on green requirements for farmers, announcing the amendments late on Friday afternoon.
Read MorePREVIEW: China pushes to exclude carbon levy from efforts to reduce shipping emissions
A proposal by China that snubs a carbon pricing mechanism to reduce emissions from the shipping sector in favour of a marine fuel standard is emerging as one of the frontrunner options to be discussed at a key UN meeting next week.
Read More2030 climate targets ‘within reach’, spotlight now turning to carbon removals, EU says
The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc’s progress towards the objectives.
Read MoreANALYSIS: A high price on EU agricultural emissions could boost fairness without hurting income
A tax-and-rebate policy could decrease income inequality within the EU’s agricultural sector without affecting total revenues or drawing down national budgets, even at a high carbon price, researchers say.
Read MoreTaxing carbon without carbon taxes: Economists chart fiscal policy path to effective climate action
Governments can effectively target carbon emissions without implementing explicit carbon taxes, economists have demonstrated, offering policymakers new tools amid rising public backlash against greenhouse gas pricing policies worldwide.
Read MoreANALYSIS: Colombia’s tax reforms slow demand for voluntary carbon credits as supply pool shrinks
Colombian reforms of offset use against its carbon tax have weakened demand for voluntary credits in the country, and a strong rise in issuances from domestic standards has done little to counterbalance dwindling supply figures as participants’ focus shifts to the international market.
Read MoreTurkiye overtakes Poland to become Europe’s second largest coal-fired power generator -analysts
Turkiye overtook Poland to become the second largest coal-fired power generator in Europe last year, due to its increasing reliance on fossil fuel imports and wavering wind capacity installation, according to an environmental think tank.
Read MoreChina urged to provide more support for CCS, carbon markets
China should provide policy support for the development of offshore carbon capture and storage (CCS) and accelerate the construction of its national carbon market, domestic business leaders have called for during the annual parliamentary session.
Read MoreEurope unprepared to face climate risks -report
Europe is not prepared for all the climate risks it will face in the coming years, despite being the fastest-warming continent in the world, according to the first-ever EU Climate Risk Assessment Report published on Monday by the European Environment Agency (EEA).
Read More