UK authority issues guidance for finance firms ahead of new anti-greenwashing rule
The UK’s Financial Conduct Authority (FCA) has published guidance aimed at helping financial firms comply with a forthcoming anti-greenwashing rule aimed at building trust in sustainable investments, including to help companies decarbonise.
Read MoreEuro Markets: EUAs retreat, post second weekly loss on profit taking in quiet trading
European carbon permit prices posted a second weekly loss in succession on Friday as prices retreated in concert with TTF natural gas, with sources also reporting profit-taking in light volume ahead of the weekend.
Read MoreGreen hydrogen can help slash curtailment costs in UK by absorbing surplus renewable energy
The production of green hydrogen during periods of high renewable energy supply could help save the UK hundreds of millions of pounds each year in curtailment costs, according to a report by an engineering company.
Read MoreFrance to launch first-ever carbon storage projects
The French government will authorise the construction of its first carbon storage facilities, signing contracts with some of the largest emitters in the country as part of its efforts to reach net zero emissions by 2050, Industry and Energy Minister Delegate Roland Lescure announced on Friday.
Read MoreCBAM must tackle recycled aluminium emissions loophole, industry and NGOs say
The EU’s carbon border adjustment mechanism (CBAM) will drive up prices of aluminium, as it fails to address a loophole for process scrap that could lead to vast amounts of carbon emissions being imported into the bloc, a report by a consulting firm and a panel of industry and NGO experts warned this week.
Read MoreSoil database would boost agricultural biodiversity credits, says Mirova exec
A soil database for small farmers would help financial institutions scale up the nascent biodiversity credits market, an expert at French investor Mirova has said.
Read MorePlastic offsetting project in Indonesia suspended following community complaints -media
A plastic offsetting project backed by a food and drink multinational has been suspended on Verra’s plastic credit registry following complaints by the local community that the recycling facility was built illegally close to their land and without proper consultation, leading to withdrawal of involvement by the multinational.
Read MoreANALYSIS: CBAM hedging unlikely to have impact on EU ETS market, experts say
Some companies, including international ones, are already trying to hedge their CBAM certificate exposure by buying EUAs on the forward market, but this additional demand will not impact EUA prices, according to market observers.
Read MoreWorld could add 40% new LNG capacity before decade’s end, report says
The world’s long-term supply of LNG may well outstrip demand and markets may tip into oversupply in just two years, according to a report published this week, adding to concerns over the fossil fuel industry’s ability to reduce carbon emissions in line with global targets.
Read MoreCORRECTION – Canadian removals firm launches partnership to explore CO2 mineral storage
A Canadian engineered carbon removals firm and an Iceland-based CO2 mineral storage operator on Thursday announced a partnership to explore storage potential in Quebec.
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