Top
UPDATE - EU ETS verified emissions fell 5% in 2024, European Commission says
Verified emissions reported from installations and aircraft operators covered by the EU ETS fell by 5% year-over-year in 2024, the European Commission said Friday. Read MoreTop
Japan ties JCM approval process to Article 6 in bid to attract investments
Japan has abolished the implementation guidelines for projects under the Joint Crediting Mechanism (JCM), instead aligning the process with the Article 6 framework in order to simplify the process and make it more attractive to developers and investors. Read MoreTop
Euro Markets: EUAs plunge most in a year as widespread "panic" selling sidelines 2024 emissions data
European carbon prices plunged in line with the global markets rout, posting their biggest weekly loss in more than a year as equities and commodities continued to respond to the US announcement of widespread tariffs, and China's response imposing import levies of its own, and sidelining the annual publication of EU ETS verified emissions data that largely matched analyst forecasts. Read MoreTop
Cheap, common materials could replace expensive polymers in DAC -study
Inexpensive and widely available materials can effectively remove carbon dioxide directly from the atmosphere, scientists from Northwestern University have claimed in what might be a significant breakthrough for carbon capture technology. Read MoreTop
New EU-Central Asia partnership brings over €10 bln in climate cooperation
The EU and Central Asia signed a new Strategic Partnership on Friday, including €10 bln worth of investments in areas like critical raw materials, batteries and green hydrogen, European Commission president Ursula von der Leyen announced at a bilateral summit in Samarkand, Uzbekistan. Read MoreTop
Durable CDR buying jumps after SBTi opens door for removals in climate targets
The durable carbon removal (CDR) market surged to fresh highs in the first quarter of the year after the Science Based Targets Initiative (SBTi) opened the door for the sector to be used by companies to meet climate targets, finds a new report. Read MoreTop
ECS25: INTERVIEW – Swiss cement maker calls for 100% CBAM controls at EU borders
Swiss multinational Holcim is calling for “100% testing” of cement imports at key European ports of entry, to make sure the EU’s Carbon Border Adjustment Mechanism (CBAM) is fully watertight. Read MoreTop
GHG levy for shipping dropped in favour of credit trading system at IMO talks
A flat-rate greenhouse gas levy for shipping has been removed from the latest negotiation text at a meeting of the UN's International Maritime Organization (IMO) in favour of a tiered compliance system focused on GHG fuel intensity that would effectively introduce a credit trading system. Read MoreTop
Swiss CDR investor to buy 25k credits from West African biochar sites
A Zurich-based carbon removal (CDR) financier on Wednesday announced it will purchase 25,000 carbon credits from biochar facilities in West Africa. Read MoreTop
Aluminium risks big rise in emissions unless it shifts away from fossil fuels, report says
Global carbon emissions from the aluminium industry will rise by nearly 50% by mid-century unless it adopts cleaner energy sources, an energy agency warned Friday. Read MoreTop
EU’s 2040 climate target due "before summer", climate chief says
The European Commission will publish its proposal for a 2040 climate target “before summer”, the EU’s climate chief Wopke Hoekstra said on Thursday. Read MoreTop
Norway eyes 70-75% reduction target in next NDC
The Norwegian government will propose a 2035 GHG emissions reduction target of 70-75% below 1990 levels, but without specifying how much of that will be made domestically, the nation’s climate and environment minister has said. Read MoreTop
Papua New Guinea to lift voluntary REDD+ moratorium, minister announces
Papua New Guinea has begun the process to unwind its moratorium on new REDD+ projects in the country, the government announced. Read MoreTop
Development of marine climate projects is outpacing effective governance, study finds
The speed at which ocean-based climate projects are being developed and expanded to address the impact of climate change is outpacing the ability to govern them, presenting risks to marine ecosystems, a study published this week has found. Read MoreTop
