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Quebec emissions decline YoY in 2023, but exceed annual cap for sixth straight year

Published 22:37 on October 15, 2024  /  Last updated at 22:37 on October 15, 2024   / /  Americas, Canada, US

Quebec greenhouse gas (GHG) emissions in 2023 dropped year-on-year (YoY), but still surpassed the province's ETS cap for the sixth consecutive year, according to government data released Friday. Read More
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EU ministers want lower energy prices and an end to all Russian gas imports

Published 20:36 on October 15, 2024  /  Last updated at 20:36 on October 15, 2024   / /  EMEA, EU ETS

Energy ministers agreed on Tuesday that the EU needs to ramp up efforts to tackle high energy prices, with a majority also calling for an end to Russian LNG imports that are still managing to make their way into the EU. Read More
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UPDATE - WCI Markets: CCA trade spikes after ARB confirms aspects of upcoming ETS rulemaking

Published 18:14 on October 15, 2024  /  Last updated at 20:14 on October 15, 2024   / /  Americas, Canada, US

California Carbon Allowances (CCA) futures trade surged on ICE after regulator ARB released a notice Tuesday confirming aspects of upcoming changes to the cap-and-trade programme. Read More
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CFEL24: EU industry may never recover from two-year slump -analysts

Published 22:58 on October 14, 2024  /  Last updated at 16:32 on October 15, 2024   / /  Carbon Taxes, CBAM, EMEA, EU ETS

There is a real chance that EU industry never recovers from its current output slump, in what could be a major drag on the European carbon price over the next decade, analysts told Carbon Forward Expo London 2024 last week. Read More
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Germany awards first 'climate contracts' to support industry with transition

Published 16:16 on October 15, 2024  /  Last updated at 16:16 on October 15, 2024   / /  EMEA, EU ETS

Fifteen firms in Germany have been awarded support guarantees in the first round of the country's novel climate contracts for difference (CCfD) scheme, established to help industrials with the transition towards net-zero goals, with payouts linked to EU ETS prices. Read More
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BRIEFING: ‘Huge uncertainty’ in US carbon markets if Trump elected, as integrity bodies plough on with guidelines

Published 15:46 on October 15, 2024  /  Last updated at 15:46 on October 15, 2024   / /  Americas, EMEA, US, Voluntary

There is “huge uncertainty” around what would happen to US carbon markets regulations if the openly-climate sceptic Donald Trump is re-elected in November, according to the co-chair of the Integrity Council for the Voluntary Carbon Market (ICVCM). Read More
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Google signs first corporate PPA to buy nuclear power from small modular reactors

Published 16:25 on October 15, 2024  /  Last updated at 16:25 on October 15, 2024   / /  Americas, US

Google has become the first company to sign a corporate power purchase agreement (PPA) to buy nuclear power from small modular reactors (SMRs), the company said on Monday. Read More
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Nature-based carbon platform adds forest screening, monitoring function

Published 16:55 on October 15, 2024  /  Last updated at 16:55 on October 15, 2024   / /  Asia Pacific, EMEA, Nature-based, Voluntary

A nature-based platform has teamed up with a tech firm to offer combined screening and monitoring of forest carbon projects. Read More
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Argentine J-REDD programme could issue around 10 mln credits in Q4

Published 14:48 on October 15, 2024  /  Last updated at 14:48 on October 15, 2024   / /  Americas, Nature-based, South & Central, Voluntary

A large-scale provincial Argentine jurisdictional REDD (J-REDD) initiative is expected to issue around 10 million credits as early as this year, though some legal and socioeconomic questions remain. Read More
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Verra launches additionality tools to align with ICVCM CCP requirements

Published 12:28 on October 15, 2024  /  Last updated at 12:28 on October 15, 2024   / /  International, Nature-based, Voluntary

Verra has released two new tools to assess the additionality of project activities, replacing and updating CDM versions, in a move that will further align the standard body with the ICVCM’s Core Carbon Principle stamp of high integrity approval. Read More
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UK energy-from-waste incinerators almost as emissions-intensive as coal-fired power, finds analysis

Published 14:22 on October 15, 2024  /  Last updated at 14:22 on October 15, 2024   / /  EMEA, UK ETS

Burning household rubbish in giant incinerators is now the dirtiest way the UK generates electricity after the closure of the last coal-fired power plant in the country, analysis published Tuesday has found. Read More
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Finnish waste management company produces first biodegradable plastic from CO2 emissions

Published 13:50 on October 15, 2024  /  Last updated at 13:50 on October 15, 2024   / /  EMEA, Voluntary

A Finnish waste management and circular solutions company has become the world’s first to produce biodegradable plastic from CO2 emissions using carbon capture and utilisation (CCU), the firm announced on Tuesday. Read More
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Euro Markets: EUAs resume close link to natural gas as energy weakens on easing Middle East tensions

Published 17:29 on October 15, 2024  /  Last updated at 17:36 on October 15, 2024   / /  EMEA, EU ETS, UK ETS

European carbon prices continued to strengthen their correlation to natural gas on Tuesday, fluctuating in line with the TTF after the two markets had disconnected early in the month, as they followed the energy complex lower amid easing geopolitical tensions in the Middle East. Read More
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ANALYSIS: Absence of policy, meagre funds keep India from realising CDR potential

Published 07:59 on October 15, 2024  /  Last updated at 07:59 on October 15, 2024   / /  Asia Pacific, International, Nature-based, Other APAC, Paris Article 6, Voluntary

An absence of knowledge and policy on durable carbon removals (CDR) at the government level, along with a lack of investor interest in funding such projects, is keeping India from realising its vast CDR potential, according to experts. Read More
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Clean energy growth moving faster in developing countries than rich nations, finds report

Published 11:50 on October 15, 2024  /  Last updated at 11:50 on October 15, 2024   / /  Americas, Asia Pacific, Climate Talks, EMEA, International

Global South countries are expanding renewable energy at a faster rate than wealthy nations, but an investment gap still threatens clean energy goals agreed at COP28, according to research published Tuesday. Read More