FEATURE: EU testing the waters on ETS3 for agriculture
The European Union is testing the waters on the possibility of creating a new ETS for agriculture, or revising its existing carbon market rules, in an effort to tackle emissions from a politically-sensitive sector that has seen farmers take to the streets in recent weeks to protest against EU bureaucracy.
Read MoreItalian court fails to intervene in civil society’s climate litigation
A court in Rome decided on Wednesday not to intervene in a case presented by the civil society against the Italian state claiming that the country’s climate policies are insufficient to achieve its national goals.
Read MoreFEATURE: WTO complaints over CBAM would face lengthy process with little hope of dismantling it
Countries submitting a complaint to the WTO over the EU’s Carbon Border Adjustment Mechanism may have to wait years for any kind of decision, and even then it is unlikely to lead to any dismantling, trade experts have told Carbon Pulse.
Read MoreANALYSIS: Experts hail “milestone” German net negative emissions proposal
Industry stakeholders have described Germany’s plans to establish a 2060 target for achieving net negative GHGs as a “significant milestone” for the carbon removals space and international climate action.
Read MoreUAE-based carbon project developer Blue Carbon solicits applicants to support activity design, monitoring
Blue Carbon, a Dubai-based carbon project developer aiming to participate in Article 6 markets, has issued a request for proposals (RFP) to obtain support for design and monitoring across its portfolio.
Read MoreMexican government circulates draft regulation for national voluntary carbon registry, price index with Article 6 provisions
The Mexican government distributed a draft regulation for the national voluntary carbon market (VCM) at a stakeholder workshop last week that would create a centralised record of VCM data, a national price index, and authorisation procedures for international carbon trading under Article 6.2 of the Paris Agreement, according to a leaked draft seen by Carbon Pulse.
Read MoreEU breaks deadlock on Energy Charter Treaty exit
The EU has broken the deadlock on its plans for a coordinated withdrawal from the Energy Charter Treaty (ECT), an international trade agreement denounced by climate activists for protecting fossil fuel investments and hampering the transition to net-zero emissions.
Read MoreUN carbon markets body to start work on Article 6 crediting tools, present wider package by COP29
Members of a UN body tasked with shaping carbon crediting under Article 6 will begin work immediately on several tools, including on baselines, additionality, and leakage, and open a consultation on methodological elements, in a bid to constructively push ahead on operationalising the international mechanism.
Read MoreGuyana to sell first carbon credits eligible for current phase of UN CORSIA aviation offsetting scheme
Guyana will become the first country to see millions of its voluntary carbon credits deemed eligible and made available for global buyers in current phase of the UN’s CORSIA international aviation offsetting scheme.
Read MoreEU nations should look at broader climate solutions to bridge the gap towards targets, experts say
EU countries should explore a wide variety of technological solutions to achieve the bloc’s target to cut emissions by at least 55% by 2030 compared to 1990 levels, experts suggested on Wednesday.
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