ETS emissions now down 47%, closing in on EU 2030 climate goal, official says
The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc’s ETS, an official said.
Read MoreEU carbon pricing revenue allocation criticised by ENGO
Concerns have been raised over how the EU allocates revenue from its carbon pricing mechanisms, specifically the Carbon Border Adjustment Mechanism (CBAM) and the EU Emission Trading System (ETS).
Read MoreA European Green Deal 2.0 is necessary and beneficial, argues report
A European Green Deal 2.0 is not only necessary but beneficial to addressing economic challenges persisting across the EU, according to a report published on Thursday.
Read MoreA climate finance quantum leap is essential and achievable, UN’s climate boss says
The world’s major economies and multilateral development banks must lead the way in redirecting trillions of public and private funds towards climate action in the countries that most need it, the head of the UN’s climate unit said on Wednesday.
Read MoreEU food ETS needed to reach global decarbonisation goals -report
A European Emissions Trading Scheme (ETS) that pioneers carbon pricing for food and agriculture is essential to reach global decarbonisation goals, argues a report published on Wednesday (April 10).
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreMalaysian govt to incorporate state’s carbon trading bill into federal law
The Malaysian federal government has agreed to integrate the state of Sarawak’s carbon trading bill as part of the federal law which will be presented before Parliament for approval, according to local media reports.
Read MoreCarbon markets could support CCS development, but more is needed -report
Carbon markets could support carbon capture and storage (CCS) work but hurdles remain, such as return on investment, buyer appetite, and incentivising the entire chain including transport, according to a report released this week.
Read MoreCarbon accounting firm launches product to help metals and energy firms disclosure supply chain emissions
A carbon accounting platform has unveiled a solution aimed at helping corporates in the metals and energy sectors disclose supply chain emissions for both compliance and voluntary purposes, including for the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreInternational steel competitors may reserve low-carbon products for EU to bypass CBAM -industry
International competitors of the European steel industry may bypass the bloc’s Carbon Border Adjustment Mechanism (CBAM) fees by building specific low-carbon facilities whose products will be reserved for the EU market, the head of a regional association said on Tuesday.
Read More