China releases ecological protection compensation scheme regulations, highlights market-based instruments
China has introduced national regulations governing compensation for ecological protection, as the government aims to encourage the use of market-based instruments such as carbon credit purchases.
Read MoreChina’s coal plant build hits new high in 2023, driving global growth
Global coal capacity rose last year, with China – the world’s largest LNG importer and biggest developer of new solar and wind capacity – accounting for two-thirds of that growth, according to a think tank report published Thursday.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
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 MoreSBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
Read MoreFEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval
Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.
Read MoreChinese steelmaker begins carbon trading simulation as ETS expansion nears
One of the largest steelmakers in China has begun to simulate carbon trading under the national emissions trading scheme, as the government prepares to bring steel to the world’s largest CO2 market.
Read MoreVCM Report: ICE CORSIA voluntary carbon futures strengthen further on thin trade as sources point to ‘panic’ buying
ICE’s CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of ‘panic’ buying given the supply uncertain outlook, according to sources.
Read MoreINTERVIEW: A third of barriers to trade now due to climate, WTO deputy head says
Countries need to more actively engage on climate change issues within the WTO, as an ever-increasing share of barriers and notifications brought before the international trade body are related to climate policies, the organisation’s deputy head told Carbon Pulse in an interview.
Read MoreEurope’s black market for climate-warming refrigerant gases persists as traders evade detection -report
The illegal trade in climate-warming refrigerant gases entering Europe is continuing at a significant level despite the worsening climate emergency, as organised criminals become more sophisticated in evading law enforcement, according to a report by an environmental NGO.
Read More
