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CN Markets: CEA trading grinds to a halt as compliance deadline passes

Published 10:03 on January 17, 2025  /  Last updated at 10:10 on January 17, 2025   / /  Asia Pacific, China

Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week. Read More
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Shopify ends 2024 with $36.3 mln in carbon removal deals

Published 09:06 on January 17, 2025  /  Last updated at 09:06 on January 17, 2025   / /  Americas, Canada, Voluntary

Shopify spent $36.3 million on carbon removal (CDR) in 2024, increasing its total commitment to $83.9 million, the e-commerce company announced on Thursday. Read More
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Analysts predict big 2025 ramp-up for CCUS

Published 08:28 on January 17, 2025  /  Last updated at 08:44 on January 17, 2025   / /  Americas, Asia Pacific, Australia, International, Japan, Other APAC, South Korea, US

The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”. Read More
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China thermal power growth slows in 2024, coal outputs reach record high

Published 07:41 on January 17, 2025  /  Last updated at 07:41 on January 17, 2025   / /  Asia Pacific, China

Growth in China's thermal power generation in 2024 slowed from the previous year, buy annual production of coal and gas both reached new record highs, according to government data published Friday. Read More
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PREVIEW: High hopes for Indonesian exchange’s first international carbon credit sale, but doubts raised over buyer interest

Published 06:06 on January 17, 2025  /  Last updated at 06:06 on January 17, 2025   / /  Asia Pacific, Nature-based, Paris Article 6, Voluntary

Indonesia’s first international sale of carbon credits on its national exchange next week has been hailed as an exciting development for the country’s market, but observers have raised concerns that there could be a lack of interested buyers for a multitude of reasons. Read More
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Switzerland commits millions for carbon removal projects

Published 05:06 on January 17, 2025  /  Last updated at 05:06 on January 17, 2025   / /  EMEA, International, Paris Article 6, Switzerland, Voluntary

Switzerland has opened a funding round worth CHF 100 million (€106 mln) to develop carbon removal projects in the country, the government announced Thursday. Read More
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South Korea backs methane reduction projects in Southeast Asia

Published 05:04 on January 17, 2025  /  Last updated at 05:30 on January 17, 2025   / /  Asia Pacific, Other APAC, South Korea

A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia. Read More
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Google inks second 100k biochar carbon removal deal

Published 04:43 on January 17, 2025  /  Last updated at 04:43 on January 17, 2025   / /  Americas, Nature-based, US, Voluntary

Google signed a second large biochar carbon removal deal Thursday, buying 100,000 tonnes of CO2 through 2030 from a California-based developer. Read More
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UK decarbonisation plan wards off threat from dwindling Norwegian gas supply

Published 08:03 on January 17, 2025  /  Last updated at 08:03 on January 17, 2025   / /  EMEA

The UK’s drive to decarbonise most of its electricity grid by 2030 has been given added impetus after Norway, a main fossil fuel exporter to the UK, warned that production will start declining before the end of the decade. Read More
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WCI Markets: Aftershocks of ETS rulemaking delay keep CCA volatility high

Published 05:04 on January 17, 2025  /  Last updated at 05:15 on January 17, 2025   / , and /  Americas, Canada, US

Another delay to highly anticipated cap-and-trade rulemaking jolted California Carbon Allowances (CCA) prices in the secondary market briefly to near three-year lows on Tuesday, with volatility driving up option prices. Read More
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"Electrification first": Ribera hints at EU's new top priority on energy

Published 18:20 on January 16, 2025  /  Last updated at 18:20 on January 16, 2025   / /  EMEA

Europe’s short-term answer to high energy prices and declining competitiveness will reside in electrification, energy savings, and accelerating the buildout of renewables to meet the EU’s 2030 climate goals, said Teresa Ribera, the European Commission’s first executive vice-president, on Thursday. Read More
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BRIEFING: Political turmoil, US tax incentives threaten Canada’s CFR

Published 00:10 on January 17, 2025  /  Last updated at 00:10 on January 17, 2025   / /  Americas, Canada, Carbon Taxes, RINs & LCFS, US

The ongoing political transition in Canada and federal biofuels tax credits in the US could jeopardise Canadian clean fuel programmes, panellists at a conference said Thursday. Read More
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UN opens consultation on REDD+ strategy for 2026-30, aiming to halt deforestation by 2030

Published 18:55 on January 16, 2025  /  Last updated at 18:55 on January 16, 2025   / /  International, Nature-based, Voluntary

The flagship UN programme on Reducing Emissions from Deforestation and forest Degradation (REDD) and boost forest carbon stocks has opened a public consultation for its 2026-30 strategy. Read More
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EU carbon prices to average in the €90s on policy-induced supply squeeze, analysts predict

Published 16:54 on January 16, 2025  /  Last updated at 16:54 on January 16, 2025   / /  EMEA, EU ETS

Benchmark European carbon prices could average €92 this year due to EU ETS policy changes, gas-to-coal switching, and the bloc’s 2040 emission target announcement, analysts said on Thursday. Read More
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CARBON FORWARD MIDDLE EAST: Financial, data rules “key building blocks” for MENA carbon markets -exchange

Published 13:10 on January 16, 2025  /  Last updated at 13:10 on January 16, 2025   / /  Africa, EMEA, Middle East, Voluntary

Middle Eastern and North African (MENA) countries need clarity on asset classes and information security – not just environmental regulations – to attract investment in carbon markets, the director of a carbon credit exchange told Carbon Forward Middle East in Abu Dhabi on Thursday. Read More